Litecoin (LTC) Price Prediction: What's the Next Move?

The price of Litecoin (LTC) has fallen after the bears broke above the critical support level of $70. Long-term Litecoin price prediction: ranging

Litecoin (LTC) price dropped after the bears broke the critical support level of $70.

Long-term Litecoin price analysis: ranging

Bulls bought the dips up, bringing the price back to the $70 mark. Since February 24, the $70 support level has acted as Litecoin's correction.

If buyers keep the price above the moving average lines, Litecoin will continue its uptrend. The bullish momentum will reach a high of $89. However, if buyers are pushed back from the moving average lines, Litecoin will be forced to trade between the $67 support and the moving average lines. At the time of writing, the altcoin is trading at $73.

Litecoin indicator analysis

Litecoin's price action has been declining. The bulls have bought the dips three times as the cryptocurrency depreciated. On the downside, extended candlestick tails indicate strong buying pressure at the lower price.

Technical indicators

Resistance levels: $100, $120, $140

Support levels: $60, $40, $20

What's next for Litecoin

Litecoin has reached the bottom of the chart. The cryptocurrency fell to a low of $67 as bulls bought the dips. On the 4-hour chart, the altcoin is correcting higher after a price rally. The price bars above the moving average lines indicate that the cryptocurrency may be trending up.