The price of Litecoin (LTC) was on the rise but was knocked back at the high of $92.
Litecoin price long-term prediction: bullish
The crypto price then fell back between the moving average lines. Anticipating a positive trend, the altcoin retraced and found support above its low of $88. LTC price is above the 21-day SMA support but below the 50-day SMA barrier. If the bulls break the 50-day SMA, the uptrend will resume and the altcoin will rise to a new high of $98.
However, if the bears push the price below the 21-day SMA, the altcoin will fall to a low of $80. Meanwhile, the altcoin is stuck between the moving average lines. Today, the price of Litecoin stands at $88.55.
Litecoin price indicators analysis
On the daily chart, Litecoin has fallen and is stuck between the moving average lines. The altcoin will develop a new trend after breaking either the 21-day SMA support or the 50-day SMA resistance.
According to the price indicator, Litecoin is ready for an upward movement. The price of the altcoin will rise as long as it stays above the moving average lines.
Technical IndicatorsÂ
Resistance Levels: $100, $120, $140
Support Levels: $60, $40, $20
What’s next for Litecoin price?
Litecoin has continued its uptrend, with buyers pushing the price above the moving average lines. Litecoin has fallen below the 50-day SMA, reversing the upward momentum. The bulls continue their price war as the altcoin finds support above the $88 level.
On the 4-hour chart, LTC price has retreated and found support above the moving averages. This suggests that the cryptocurrency may be in an uptrend.
Disclaimer. This analysis and forecast are the personal opinions of the author. They 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.
