The price of Litecoin (LTC) has stabilised and remained above the $54 support level since April 13.
Litecoin Price Long-Term Prediction: BearishHowever, if buyers fail to break the recent high, the current price range will persist above the moving averages. Conversely, the altcoin will fall to lows of $54 and $52 if sellers push the price below the moving average lines.
Technical Indicators:Resistance Levels – $100, $120, $140
Support Levels – $60, $40, $20
Litecoin Indicator AnalysisThe price bars are positioned above the horizontal moving average lines. The price has remained stagnant, stabilising above the moving averages, due to the presence of Doji candlesticks. On the 4-hour chart, the price bars are above the upward-sloping moving average lines. The 21-day SMA is above the 50-day SMA, indicating a bullish trend.
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.
