Cryptocurrency

Litecoin

Resistance

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   Sep 16, 2023 at 08:20 // Price 
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   <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/42a/60_60_1/42aa5ec847dba7f5a2bce5378ae70614.png)"></div> <span>Author<br>Coin Idol </span> 
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 <img class="page-news__main-pic lazy-load-detail-picture" src="https://coinidol.comdata:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=" data-lazy-src="https://coinidol.com/upload/resize_cache/iblock/026/900_900_1/h0klaxk9vcgqcg2b77khop1ayh6c2bk5.jpg" width="900" height="563" alt="The price of Litecoin fluctuates only slightly" title=""> 
 <p><strong>Cryptocurrency analysts of Coinidol.com report, Litecoin (LTC) price is moving sideways above $61 support.</strong></p> 
 <h2 style="text-align: justify;" id="long-term-forecast-of-the-litecoin-price-fluctuation-range">Long-term forecast of the Litecoin price: fluctuation range </h2> 
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 <p style="text-align: justify;"> The 21-day line SMA or the barrier at $64 has been holding up the higher moves. At the time of writing, the cryptocurrency's price is at $63. Recently, the doji candlesticks have slowed down the price movement. The price of the altcoin fluctuates only slightly between $61 and $65. If Litecoin comes under selling pressure or additional limits are placed on the upward movement, the cryptocurrency will fall. For example, the altcoin will fall to its previous low of $53 if the bears break the current support. The altcoin is already overbought, so a higher move is unlikely. </p> 
 <h2 style="text-align: justify;" id="litecoin-indicator-analysis"> Litecoin indicator analysis </h2> 
 <p style="text-align: justify;"> </p> 
 <p style="text-align: justify;"> After the upward correction, the Relative Strength Index of period 14 has risen to the value of 43. LTC is still in a downtrend zone. The price bar is currently facing or retesting the 21-day line SMA, which will lead to a downward price slump. Litecoin is gaining momentum above the stochastic threshold of 89 on the daily basis. The LTC price is overbought and could soon come under selling pressure. </p> 
 <p style="text-align: justify;"> <img width="980" alt="LTCUSD (Daily Chart) – Sept.15.23.jpg" src="https://cdn.thebittimes.com/images/2023/09/16/6ac741491f07ab5747c8f8fc510d95df.webp" height="545" title="LTCUSD (Daily Chart) – Sept.15.23.jpg"><br> </p> 
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 <h3 style="text-align: justify;" id="technical-indicators">Technical Indicators </h3> 
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 <p style="text-align: justify;"> <b>Resistance levels: $100, $120, $140 </b> </p> 
 <p style="text-align: justify;"> <b> </b> </p> 
 <p style="text-align: justify;"> <b> Support levels: $60, $40, $20</b> </p> 
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 <h2 style="text-align: justify;" id="what-is-the-next-move-for-litecoin"> What is the next move for Litecoin? </h2> 
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 <p style="text-align: justify;"> The price decline on August 17 has put Litecoin in a fluctuation range. The price is moving within a range and gradually approaching the previous low of $53. The downtrend could intensify if the cryptocurrency is rejected at the 21-day SMMA. </p> 
 <p style="text-align: justify;"> <img width="980" alt="LTCUSD_ (4 Hour Chart) – Sept.15.23.jpg" src="https://cdn.thebittimes.com/images/2023/09/16/0aaa0c52185cd56565b8693e7e428a14.webp" height="545" title="LTCUSD_ (4 Hour Chart) – Sept.15.23.jpg"><br> </p> 
 <p style="text-align: justify;"> </p> 
 <p style="text-align: justify;"> As we reported on September 08, the 21-day line SMA has slowed down the uptrend. Since the beginning of the decline, the 21-day line SMA has served as a resistance line.&nbsp; </p> 
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 <p style="text-align: justify;"> <i><span style="color: #a0a0a0;">Disclaimer. This <a rel="dofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> 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.</span></i> </p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/litecoin-remains-stuck-at-65-and-faces-further-price-decline-tbt62964.html">https://thebittimes.com/litecoin-remains-stuck-at-65-and-faces-further-price-decline-tbt62964.html</a></p>

Litecoin Remains Stuck At $65 And Faces Further Price Decline

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