Coinidol.com: Litecoin Is in a Confined Range Above $50

Litecoin's (LTC) price has remained stable above the $50 support and below the $57 resistance or 50-day SMA barrier.

Litecoin price long-term prediction: ranging

Doji candlesticks have appeared, causing the cryptocurrency price to consolidate within its narrow range. The price has been stopped twice at the $57 barrier. After being rejected twice at the recent peak, the price fell below the 21-day SMA support.

Technical Indicators:

Resistance Levels – $100, $120, $140

Support Levels – $60, $40, $20

Litecoin indicator 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.