Litecoin Price Prediction: LTC Falls Below Key Level

Last Updated July 23rd 2021
1 Min Read

Daily Litecoin LTC Technical Analysis
  • Litecoin price reversed the 20-day SMA from support to resistance.
  • The MACD shows increasing bearish market momentum.

After trending horizontally above the 20-day SMA for the last five days, the bears finally managed to break Litecoin price below. As things stand, LTC has dropped below the $200 psychological level.

Litecoin  Price Drops Below $200

The MACD shows increasing bearish market momentum, which shows that the Litecoin price may drop even more. As things stand, LTC is currently sandwiched between the 20-day and 50-day SMAs.

ltc/usd daily chart 032221

Image: LTC/USD daily

On the downside, the strongest support wall lies at the 50-day SMA ($185) wherein previously, 55,500 addresses had purchased 1.95 million LTC tokens.

ltc/usd volume chart 032221

Image: IntoTheBlock

The Litecoin price in the 4-hour time frame is going through a period of low volatility as evidenced by the squeeze in the Bollinger Band.

ltc/usd 4-hour chart 032221

Image: LTC/USD 4-hour

Litecoin Price Is Expected To Reach Thes Levels

The Litecoin price will probably keep trending around the $200 level.

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