Cryptocurrency

Litecoin

Resistance

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   Dec 05, 2023 at 09:03 // 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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 </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/ffe/900_900_1/4cynsr3bz4eu3owbi0g87ypr7ck2gz9m.jpg" width="900" height="563" alt="" title="">
 <p><strong>Litecoin (LTC) corrects upwards after being trapped between moving average lines. Cryptocurrency price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> by Coinidol.com.</strong></p>
 <h2 style="text-align: justify;" id="litecoin-price-long-term-prediction-in-the-range">Litecoin price long term prediction: in the range</h2>
 <p style="text-align: justify;">On December 1, the price of the cryptocurrency broke above the moving average lines and reached a high of $74 before retracing above the moving average lines. Upward movements encounter firm resistance at higher price levels.</p>
 <p style="text-align: justify;">In the previous price move, LTC price rose to a high of $76 before falling below the moving average lines. At the time of writing, Litecoin is trading at a high of $72.</p>
 <p style="text-align: justify;">Should the bears break through the $70 support, the cryptocurrency would fall back into the previous fluctuation zone between $60 and $70. If Litecoin remains above the moving average lines, it will retest the previous highs.</p>
 <p style="text-align: justify;">Since the end of the downtrend, however, Litecoin has been trading modestly at the bottom of the chart.</p>
 <h2 style="text-align: justify;" id="analysis-of-the-litecoin-indicators">Analysis of the Litecoin indicators</h2>
 <p style="text-align: justify;">The cryptocurrency value is trending sideways, causing the altcoin to move in a limited range. The moving average lines have remained horizontal, indicating a sideways trend. The price bars are moving below and above the moving average lines.</p>
 <h2 style="text-align: justify;" id="technical-indicators">Technical indicators</h2>
 <p style="text-align: justify;"><b>Resistance levels: $100, $120, $140</b></p>
 <p style="text-align: justify;"><b>Support levels: $60, $40, $20</b></p>
 <p style="text-align: justify;"><b><img width="1024" alt="LTCUSD_Daily chart -Dec.05.png" src="https://cdn.thebittimes.com/images/2023/12/05/836ee4282f69013415b342f532ffa3f5.webp" height="511" title="LTCUSD_Daily chart -Dec.05, 2023"><br> </b></p>
 <h2 style="text-align: justify;" id="what-is-the-next-move-for-litecoin">What is the next move for Litecoin</h2>
 <p style="text-align: justify;">Litecoin will continue to move sideways if it fails at the $76 resistance level. The cryptocurrency has now reversed course and found support above the moving average lines or the low at $72. The cryptocurrency will continue to trade sideways above the moving average lines. The price of LTC will continue to rise and retest previous highs until the resistance levels are broken.</p>
 <p style="text-align: justify;">Coinidol.com reported on November 28 that the price of LTC was trapped between the moving average lines.&nbsp; The presence of doji candlesticks was&nbsp;limiting the altcoin's price movement.&nbsp;</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>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/litecoin-is-in-a-horizontal-trend-and-faces-rejection-at-74-tbt72643.html">https://thebittimes.com/litecoin-is-in-a-horizontal-trend-and-faces-rejection-at-74-tbt72643.html</a></p>

Litecoin Is In A Horizontal Trend And Faces Rejection At $74

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