Litecoin

Resistance

<div class="coinidol">
 <div class="info">
  <div class="news_info">
   Oct 25, 2023 at 08:50 // Price
  </div>
  <div class="author-box">
   <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/42a/60_60_1/42aa5ec847dba7f5a2bce5378ae70614.png)"></div> <span>Author<br>Coin Idol </span>
  </div>
 </div> <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/a69/900_900_1/d6l0omssj7d82xqhodrvtqlk9ly5mykw.jpg" width="900" height="563" alt="" title="">
 <p><strong>The price of Litecoin (LTC) resumed its uptrend and rose above the moving average lines and resistance at $70.</strong></p>
 <h2 style="text-align: justify;" id="litecoin-price-long-term-forecast-bullish">Litecoin price long-term forecast: bullish</h2>
 <p style="text-align: justify;">LTC's upward momentum has proven resilient and the price has returned to the range zone in the meantime. Today, the altcoin reached a high of $72.78 before reversing. The LTC price was trading for $69 at the time of writing.&nbsp;</p>
 <p style="text-align: justify;">The cryptocurrency's price is bouncing below the $70 resistance level, but is within its range bound zone. Litecoin was trading between $58 and $70 in the last price movement. If buyers keep the price above the $70 resistance level, Litecoin will rise to a high of $85. The coin will be forced to move within the trading range if it is rejected at the recent high.</p>
 <h2 style="text-align: justify;" id="litecoin-indicators-analysis">Litecoin Indicators Analysis</h2>
 <p style="text-align: justify;">After the recent price increase, LTC price bars are above the moving average lines. The altcoin will rise as long as the price bars remain above the moving average lines. The moving average lines are horizontally flat despite the price increase. Doji candlesticks limit the overall price movement of the coin.</p>
 <h3 style="text-align: justify;" id="technical-indicators">Technical Indicators</h3>
 <p style="text-align: justify;">Resistance levels: $100, $120, $140<br> Support levels: $60, $40, $20</p>
 <p style="text-align: justify;"><img width="988" alt="LTCUSD (Daily Chart) – OCT. 24.jpg" src="https://cdn.thebittimes.com/images/2023/10/25/79e7604a32b2995e93316e28b833131f.webp" height="581" title="LTCUSD (Daily Chart) – OCT. 24, 2023"><br></p>
 <h2 style="text-align: justify;" id="what-is-the-next-step-for-litecoin">What is the next step for Litecoin</h2>
 <p style="text-align: justify;">Litecoin's uptrend has continued, although it is facing resistance at $70. If buyers keep the price above $70, the positive trend will resume. Price increases are possible in the future. However, if the momentum is invalidated, the bears will push the altcoin into the rangebound zone.</p>
 <p style="text-align: justify;">As Coinidol.com reported before, Litecoin has declined a week before, reaching a low of $60 on October 12.&nbsp;</p>
 <p style="text-align: justify;"><img width="988" alt="LTCUSD (4 Hour Chart) – OCT. 24.jpg" src="https://cdn.thebittimes.com/images/2023/10/25/02a439ca8d398f966ae336660663946c.webp" height="581" title="LTCUSD (4 Hour Chart) – OCT. 24, 2023\"><br></p>
 <p style="text-align: justify;"><i><span style="color: #959595;">Disclaimer. This <a rel="noopener noreferrer nofollow" 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>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/litecoin-bounces-below-the-70-dollar-mark-as-price-standstill-tbt67701.html">https://thebittimes.com/litecoin-bounces-below-the-70-dollar-mark-as-price-standstill-tbt67701.html</a></p>

Litecoin Bounces Below The 70-Dollar Mark As Price Standstill

Table of Contents

TheBitTimes

Other articles published on Oct 25, 2023

Ripple vs SEC Lawsuit : SEC Could File Another Charge on Ripple Execs If Wins on Appeal

Spot Bitcoin ETF Diprediksi Mampu Sedot Dana Rp618 Triliun

Binance reportedly eyeing foot in Hong Kong through shared resources with HKVAEX

FTX transfers $10.49 million in crypto to Wintermute!

The Philanthropic Gold: How Goldco’s Investments Support Communities

Bitget Announces to be One of the First Exchanges to List Tottenham Hotspur Fan Token (SPURS)

Join our free newsletter for daily crypto updates!