Litecoin (LTC) has resumed its bullish ascent after breaking above the 21-day SMA barrier.
Litecoin price long-term prediction: bullish
Previously, the cryptocurrency was range-bound above the $50 support but below the moving averages. Buyers pushed the price above the 21-day SMA.
Technical Indicators:Resistance Levels – $100, $120, $140
Support Levels – $60, $40, $20
Litecoin price indicators analysisThe cryptocurrency price has recovered and is now above the 21-day SMA support but below the 50-day SMA barrier. Despite the bullish surge, the moving average lines are sloping downward. On the 4-hour chart, the price bars are above the horizontal moving average lines, indicating a current bullish trend. Doji candlesticks dominate the crypto price, causing altcoins to trade within a range.
What is the next move for LTC?
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.
