Litecoin

Resistance

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   Dec 12, 2023 at 09:33 // 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/013/900_900_1/yqg3256j6iwns19oz89sh1cvmg22no9b.jpg" width="900" height="563" alt="" title="">
 <p><strong>The price of Litecoin (LTC) has risen but faces further rejection at a high of $78. Litecoin price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> by Coinidol.com.</strong></p>
 <h2 style="text-align: justify;" id="long-term-litecoin-price-prediction-in-the-range">Long-term Litecoin price prediction: in the range</h2>
 <p style="text-align: justify;">On December 12, the price of LTC reached $72.74. Since November 9, resistance at $76 has halted the uptrend. Buyers have failed to sustain the upward momentum above the $76 resistance level. The cryptocurrency fell above the $70 support level on December 11 as bulls bought the dips. If Litecoin falls above the current support, a move between $70 and $76 will begin. The decline is currently continuing to the previous low of $60.</p>
 <p style="text-align: justify;">The market will return to its previous rangebound zone if the bears break the current support at $70 or fall below the moving average lines. In the meantime, the Litecoin price will remain steady between $70 and $76.</p>
 <h2 style="text-align: justify;" id="analysing-the-litecoin-indicators">Analysing the Litecoin indicators</h2>
 <p style="text-align: justify;">The LTC price bars have continuously stayed above the horizontal moving average lines. The altcoin has risen since December 1 as the price bars have remained above the moving average lines. The price bars on the 4-hour chart are below the moving average, indicating a recent decline.</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 -Dec.12.jpg" src="https://cdn.thebittimes.com/images/2023/12/12/841ab00f2202b477d9bbd258450d8b3c.webp" height="511" title="LTCUSD_Daily chart -Dec.12, 2023"><br> </b></p>
 <h2 style="text-align: justify;" id="what-is-the-next-move-for-litecoin">What is the next move for Litecoin</h2>
 <p style="text-align: justify;">Litecoin has risen above the current support level of $70. If the current support holds, the market will resume its move between $70 and $76. Expecting a further rise, the altcoin will rise and retest the resistance at $76. The decline will continue if the current support is broken. The cryptocurrency will retrace and test its previous low of $60.</p>
 <p style="text-align: justify;">On December 1, Coinidol.com reported that the price of Litecoin&nbsp;broke above the moving average lines and reached a high of $74 before retracing above the moving average lines.&nbsp;</p>
 <p style="text-align: justify;"><img width="1024" alt="LTCUSD_4 Hour chart -Dec.12.jpg" src="https://cdn.thebittimes.com/images/2023/12/12/d44ee203e14eb9b6fccdb06724628a68.webp" height="511" title="LTCUSD_4 Hour chart -Dec.12, 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-remains-range-bound-with-more-restraince-at-78-tbt73423.html">https://thebittimes.com/litecoin-remains-range-bound-with-more-restraince-at-78-tbt73423.html</a></p>

Litecoin Remains Range-Bound With More Restraince At $78

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