This Litecoin analysis reviews the cryptocurrency from technical aspects. It also features trend examination, price forecasts, support and resistance levels, and trading signals.
We update this page daily to ensure you have the latest information by covering the Bitcoin price changes.
Litecoin Analysis & Live Chart
Litecoin Technical Analysis
FenzoFx—Litecoin reacted negatively to the $93.55 resistance in today’s trading session and began consolidating below the resistance.
Despite the recent decline, the market outlook remains bullish because the price is above the VWAP and the 50-period simple moving average indicator. The uptrend outlook is also supported by the Level 3 volume indicator.
The immediate support rests at $91.20, and the immediate resistance is at $93.55. The bullish trend will likely resume if the price remains above the support. In this scenario, the next bullish target could be $96.60.
The Bearish Scenario
The uptrend should be considered invalid if Litecoin falls and stabilizes below $91.20. If this scenario unfolds, the current downtick in momentum could extend to the next support level at $89.30.
Litecoin Support and Resistance Levels
| Support | 91.20 | 89.30 | 87.25 |
| Resistance | 93.55 | 96.60 | 100 |
Litecoin Trends Through Technical Indicators
The widget below calculates LTC/USD market trends using multiple indicators, such as moving averages and oscillators. It allows you to review market trends across various time frames easily.
The larger the timeframe, the more accurate the signals tend to be. Integrating this widget into your strategy and considering our fundamental news can help you make well-informed decisions.
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