Coinidol.com: Litecoin Recovers but Remains Sideways Above $50

Litecoin's (LTC) price decline has slowed, remaining at $45 since February 6.

Litecoin price long-term prediction: bearish

Buyers have defended this lowest price level for more than three years. Over the past week, the crypto asset has traded sideways, staying above the $45 support but below the moving average lines. The upward movement is currently restricted by the 21-day SMA barrier.

Technical Indicators:

Resistance Levels – $100, $120, $140

Support Levels – $60, $40, $20

Litecoin price indicators analysis

What is the next move for Litecoin?

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.