CoinIdol.com: Litecoin Holds Steady Above $50

Litecoin (LTC) has remained above the $50 support level.

The cryptocurrency price is moving sideways and is confined between the moving average lines. The moving average lines are horizontal, and the price is bouncing above the 21-day SMA. On the 4-hour chart, the cryptocurrency price fluctuates both below and above the horizontal moving average lines, indicating sideways movement.

Resistance Levels – $100, $120, $140

Support Levels – $60,$40,$20

The Litecoin price remains in a sideways trend, fluctuating between the $50 support and the $60 resistance. On the 4-hour chart, the price is trading above the moving average lines but below the $60 resistance level. Today, the cryptocurrency price has retraced above the moving average lines after encountering resistance at $58.

Disclaimer. This analysis and forecast are the personal opinions of the author and are 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.