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Litecoin Price Analysis: LTC Retreats After Trying To Break Past $180

2 Min Read
Last Updated March 25th 2021

Daily Litecoin LTC Price Forecast

  • Litecoin price had dropped from $236 to $165 between February 20 and February 28.
  • LTC has flashed the sell signal in the form of a green-nine candlestick.

Over the last two days, the Litecoin price has gone up from $165 to $178, bouncing up from the 50-day SMA (165). This followed a near $70 drop in valuation, wherein LTC dropped from $236 to $165 between February 20 and February 28.

Litecoin Price Tries To Recover

As of now, the Litecoin price faces a strong resistance at $185. As things stand, the LTC buyers have completely lost their momentum near the $175 level. The relative strength index is hovering horizontally next to the oversold zone.


ltc/usd daily chart 030221

Image: LTC/USD daily

LItecoin price faces a strong resistance level at $185. Previously, at this level, 56,000 addresses had purchased 2.56 million LTC tokens. On the downside, there are two healthy support walls at 50-day SMA ($165) and $150.


ltc/usd volume chart 030221

Image: IntoTheBlock

The 4-hour Litecoin price chart has flashed the sell signal in the form of a green-nine candlestick. As such, a drop in price is expected.

ltc/usd 4-hour chart 030221

Image: LTC/USD 4hour

Litecoin Price Is Expected To Reach These Levels

The Litecoin price may soon crumble under the bearish pressure and drop to the 50-day SMA ($165).

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