Cryptocurrency

Litecoin

Resistance

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   Dec 19, 2023 at 09:31 // 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/bd0/900_900_1/toh8lqufnx9wn8s6tczw86n18xx889jx.jpg" width="900" height="563" alt="" title="">
 <p><strong>The price of Litecoin (LTC) has fallen since its high of $79. Cryptocurrency price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> on December 19, by Coinidol.com.</strong></p>
 <h2 style="text-align: justify;" id="long-term-outlook-for-litecoin-price-bearish">Long-term outlook for Litecoin price: bearish</h2>
 <p style="text-align: justify;">Litecoin buyers have been unable to maintain positive momentum above the $80 barrier, leading to the decline.<br> Today, December 19, the bearish momentum fell below the moving average lines, leading to a low of $68. The bulls bought the dips as Litecoin hit a high of $71.</p>
 <p style="text-align: justify;">On December 18, the extended candlestick tail signalled significant buying at lower price levels. A further decline on the downside is unlikely. On a positive note, the price movement was limited to a high of $72. Litecoin is now trading in a small range between $70 and $76. If the cryptocurrency loses the current support at $70, it will fall back to its previous range of $60 to $70.</p>
 <h2 style="text-align: justify;" id="litecoin-indicator-analysis">Litecoin indicator analysis</h2>
 <p style="text-align: justify;">After the recent dip, LTC price bars have fallen below the moving average lines. This indicates a further decline in the cryptocurrency.</p>
 <p style="text-align: justify;">However, the altcoin's downtrend has slowed down as it corrects upwards. The moving average lines are sloping upwards, indicating that the previous trend is still in place.</p>
 <p style="text-align: justify;">Technical Indicators</p>
 <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.19.jpg" src="https://cdn.thebittimes.com/images/2023/12/19/2327354f7e33393499c6190e1286da83.webp" height="551" title="LTCUSD_Daily chart -Dec.19, 2023"><br> </b></p>
 <h2 style="text-align: justify;" id="what-s-next-for-litecoin">What's next for Litecoin?</h2>
 <p style="text-align: justify;">Litecoin has entered the downtrend zone but is still trading within its range, below the moving average lines. Litecoin has retraced and reversed on the 4-hour chart after reaching the $68 support. The downtrend has broken through the $68 support. Litecoin will continue to rise if it breaks above the $72 resistance level.</p>
 <p style="text-align: justify;">As Coinidol.com reported last week, on December 12, the price of LTC reached $72.74. Since November 9, resistance at $76 has halted the uptrend.&nbsp;</p>
 <p style="text-align: justify;"><img width="1024" alt="LTCUSD_4-Hour chart -Dec.19.jpg" src="https://cdn.thebittimes.com/images/2023/12/19/50485a550fcfbd4aa9339212105f457d.webp" height="551" title="LTCUSD_4-Hour chart -Dec.19, 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>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/litecoin-price-crashes-but-recovers-above-70-tbt74162.html">https://thebittimes.com/litecoin-price-crashes-but-recovers-above-70-tbt74162.html</a></p>

Litecoin Price Crashes But Recovers Above $70

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