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Litecoin Price Prediction: LTC Stuck Under 20-day and 50-day SMAs

1 Min Read
Last Updated March 30th 2021

Daily Litecoin LTC Technical Analysis

  • Litecoin price bounced up from the $170 support level.
  • The Bollinger Band shows steady stability.

The Litecoin price has dropped from $225 on March 14 to $170 on March 25, losing nearly $55 during this 10-day period. Since then, LTC has bounced up to $190 and met resistance at the 50-day SMA.

Litecoin Price Stuck Under Heavy Levels

The $190 resistance barrier sees a confluence of both the 20-day and 50-day SMAs. This level will prove very hard to flip. The Bollinger band shows us that the price volatility has remained the same for the second half of March.

ltc/usd daily chart 033021

Image: LTC/USD daily

When you see the IOMAP, the $200 zone, which coincides with the 20-day and 50-day SMAs is particularly strong. Previously, more than 100,000 addresses had purchased neatly 2 million LTC tokens at this zone.

ltc/usd volume chart 033021

Image: IntoTheBlock

Litecoin Price Is Expected To Reach These Levels

The Litecoin price will struggle to flip the 20-day and 50-day SMAs from resistance to support.

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