Litecoin Technical Analysis: LTC Stuck Between Key Technicals

Last Updated February 7th 2021

Daily Litecoin LTC Price Analysis

  • Litecoin price sandwiched between 20-day SMA and $155 resistance.
  • LTC has healthy support levels on the downside.

Between January 10 and January 12, the Litecoin price has dropped from $180 to $135, losing nearly $45 in valuation. Over the last two days, the buyers have managed to push the Litecoin price back above the 20-day SMA, which has flipped from resistance to support.


Litecoin Price Has Found Resistance at $155

As things stand right now, the Litecoin price is sandwiched between the 20-day SMA and the $155 resistance barrier. The relative strength index (RSI) is trending horizontally around 56. So, if the buyers take back control, they have enough space to push the Litecoin price above $155.

ltc/usd daily chart 011521

Image: LTC/USD daily chart

As the IOMAP shows, there is a moderate to strong resistance zone at $155. Previously at this level, 35,000 addresses had purchased 1.33 million LTC tokens. If the buyers somehow overcome this zone, they should push the $175 psychological zone price.

ltc/usd volume chart 011521

Image: IntoTheBlock

Even the 4-hour timeframe is sandwiched between crucial levels, with the 50-bar SMA on the upside and the 20-bar SMA on the downside. The MACD shows sustained bullish momentum, so we can expect the Litecoin price to break above the resistance level.

ltc/usd 4-hour chart 011521

Image: LTC/USD 4-hour chart


Litecoin Price is Expected To Hit What Level?

If LTC breaks above the $155 resistance barrier, it could potentially reach the $175 wall. If the Litecoin price goes through a bearish correction, the IOMAP tells us that there are several healthy support barriers on the downside which should absorb selling pressure. 

Top Brokers in
    All Regulated Brokers
    67% of retail clients lose money when trading CFDs with this provider.

    more from Cryptocurrency News...

    Daily Bitcoin BTC Price Analysis Bitcoin price managed to break below the $48,000 support. The parabolic SAR has reversed from bullish to...
    Daily Ethereum ETH Price Analysis Ethereum price dropped to the $1,500-level this Thursday. MACD shows increasing bearish momentum. Since...
    Daily Litecoin LTC Price Analysis Litecoin Price has a strong resistance barrier at the 20-day SMA. The MACD shows increasing bearish...
    Daily Ripple XRP Price Analysis Over the last three days, the Ripple price has reversed from support to resistance. The parabolic SAR has...
    Daily Bitcoin Cash BCH Price Analysis Bitcoin Cash price finds support at the 50-day SMA. The MACD shows increasing bearish market...