Litecoin Price Prediction: LTC Hovers Between Resistance And 20-day SMA

Daily Litecoin LTC Technical Analysis

Last Updated July 23rd 2021
1 Min Read
  • Litecoin price had a bullish session after four straight bearish sessions.
  • LTC still flashes multiple sell signals in the daily chart.
  • The Litecoin price reached an intraday high of $340 on Saturday before it crashed down to $245, found support at the 20-day SMA and settled around $265. Let’s take a closer look with technical analysis.

    Litecoin Price Still Shows Negative Sentiment

    Following the four straight bearish days, LTC has had a bullish session and is currently priced around $265. Due to the recent dip, the Litecoin price has flashed two sell signals:

    • The MACD is on the verge of flipping from positive to negative.
    • The parabolic SAR shows that market sentiment has reversed form positive to negative.

    Image: LTC/USD daily

    ltc/usd daily chart 042121

    On the upside, the resistance barrier lies at $270, wherein over 130,000 addresses had purchased 3 million LTC tokens. On the downside, the most formidable support lies at $250, wherein over 50,000 addresses had purchased 1 million LTC.

    Image: IntoTheBlock

    ltc/usd volume chart 042121

    Litecoin Price Is Expected To Reach These Levels

    The Litecoin price bulls still need to break past the $290 resistance barrier and touch the $300-line.