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 dipped below $76.4 and is testing this area as support as of this writing. This bearish momentum began from $80.0, after the price failed to surpass this level of resistance.
The market outlook remains bearish as long as the price is below the $80.0 threshold. In this scenario, it is likely for LTC/USD to resume its bearish trajectory, targeting $71.00.
Furthermore, if the selling pressure drives the price below $71.0, the downtrend can potentially extend to $64.45.
The Bullish Scenario
The Bullish Scenario Please note that the bearish outlook should be invalidated if LTC/USD exceeds $80.0. If this scenario unfolds, the price can rise toward the $88.50 resistance.
Litecoin Support and Resistance Levels
| Support | 71.0 | 64.45 | 60.0 |
| Resistance | 76.4 | 80.0 | 88.5 |
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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