Litecoin Price Analysis and Forecast
Are you curious about the current price movement of Litecoin (LTC) and where it might be heading next? Let’s take a closer look at the recent trends and forecast for this popular cryptocurrency.
The Long-term Outlook for Litecoin Price: Bearish
• LTC recently hit resistance at $110 before retracing back
• Buyers struggled to sustain momentum above $110
• Altcoin fell below moving average lines on April 3
• Price dropped to a low of $70 before bouncing back to $81.15
Analysis of Litecoin Technical Indicators
• LTC is currently below moving average lines
• Downtrend expected to continue
• Strong buying support seen above $70
• Resistance levels: $100, $120, $140
• Support levels: $60, $40, $20
Technical Indicators
• Resistance levels: $100, $120, $140
• Support levels: $60, $40, $20
What’s Next for Litecoin?
• Litecoin is currently trading in a sideways pattern
• Price is above $75 support and below $83 resistance
• Doji candlesticks have limited price movement
• Altcoin waiting for a breakout to determine next move
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