Litecoin

Resistance

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   Nov 28, 2023 at 10:21 // 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/137/900_900_1/b3ptb19d22xxxumow37f2qxp56cn8j07.jpg" width="900" height="563" alt="" title="">
 <p><strong>The price of Litecoin (LTC) is falling between the moving average lines. The altcoin is also trading within the previous price range of $60 to $70.</strong></p>
 <h2 style="text-align: justify;" id="litecoin-price-long-term-prediction-bearish">Litecoin price long term prediction: bearish</h2>
 <p style="text-align: justify;">At the time of writing, the price of LTC has fallen to a low of $69.05. The presence of doji candlesticks is limiting the altcoin's price movement. The cryptocurrency is trapped between the moving average lines.&nbsp;</p>
 <p style="text-align: justify;">Moreover, the price movement is monitored when it breaks either the 21-day or the 50-day SMA. If the bears break the 50-day SMA, the altcoin will fall into a price range between $60 and $70. If the bulls breach the barrier at $70 or the 21-day SMA, Litecoin will resume its uptrend.</p>
 <h2 style="text-align: justify;" id="analysis-of-litecoin-indicators">Analysis of Litecoin indicators</h2>
 <p style="text-align: justify;">Litecoin is trapped between the moving average lines, which means that the cryptocurrency will fluctuate. The cryptocurrency is expected to fall when the price bars on the 4-hour chart fall below the moving average lines. The moving average lines on both charts are sloping horizontally, indicating a sideways trend.</p>
 <h3 style="text-align: justify;" id="technical-indicators">Technical indicators</h3>
 <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 -November 28.jpg" src="https://cdn.thebittimes.com/images/2023/11/28/1e1eb5ea0441d87eebbdf38eba2e3b0b.webp" height="511" title="LTCUSD_Daily chart -November 28, 2023"><br> </b></p>
 <h2 style="text-align: justify;" id="what-s-the-next-move-for-litecoin">What's the next move for Litecoin</h2>
 <p style="text-align: justify;">Litecoin is bearish but stuck in a range. The altcoin is expected to trade between $60 and $70. Rejection of the $72 high will cause the cryptocurrency to drop much further. Lower highs and lower lows will determine the decline.</p>
 <p style="text-align: justify;">On November 22, Coinidol.com reported that the price of Litecoin was also moving between $60 and $70. It was expected that this&nbsp; movement will continue for a few more days but the pattern is repeating itself.&nbsp;</p>
 <p style="text-align: justify;"><img width="1024" alt="LTCUSD_4 Hour chart -November 28.jpg" src="https://cdn.thebittimes.com/images/2023/11/28/d623ab5ba6d6f81c793631f8a85385e7.webp" height="511" title="LTCUSD_4 Hour chart -November 28, 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-hits-new-lows-and-encounters-resistance-at-72-tbt71909.html">https://thebittimes.com/litecoin-price-hits-new-lows-and-encounters-resistance-at-72-tbt71909.html</a></p>

Litecoin Price Hits New Lows And Encounters Resistance At $72

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TheBitTimes

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