Litecoin Technical Analysis: LTC Drops Towards The $180 Line

Last Updated July 23rd 2021
1 Min Read

Daily Litecoin LTC Price Analysis
  • Litecoin price has flashed multiple sell signals.
  • LTC dropped by nearly $45 over the last ten days.

Litecoin price reached a high of $226 on March 14. Since then, LTC dropped by $45, going to $182, as it tumbles towards the $180 support line. Let’s take a closer look with technical analysis. 

Litecoin Price Current Negotiates With Strong Support

The Litecoin price flashed three separate sell signals in the daily chart:

  1. The MACD shows increasing bearish market momentum.
  2. The parabolic SAR has reversed from bullish to bearish.
  3. The 20-day and 50-day SMAs were flipped from support to resistance.

ltc/usd daily chart 032421

Image: LTC/USD daily

The $180 support line is pretty healthy since previously 39,500 addresses had purchased 1.7 million LTC tokens at this level.

ltc/usd volume chart 032421

Image: IntoTheBlock

Litecoin Price Is Expected To Reach These Levels

If $180 support breaks, the Litecoin price will break towards the $175 line.