Litecoin's (LTC) price has dropped and it has breached $60.

Litecoin price long-term prediction: bearish

Yesterday, Litecoin's price fell to a low point of $45.05 and then recovered. The $60 level has been defended by buyers for over two years. Bulls buy on dips.

The price fell to $45 and then recovered to $50. LTC is currently trading in a range, above the $45 resistance and below moving averages. The altcoin is likely to drop further if it loses the $45 support. LTC's price is $53 as of the date of this article.

Technical Indicators

• Resistance levels - $100 $120 $140

• Support Levels - $60, $40, $20

Litecoin Price Indicator Analysis

The SMAs for the 21-day and the 50-day have fallen significantly at the bottom of the graph. Doji candlesticks show that the cryptocurrency price has slowed down. The price bars on the 4-hour chart move above and below the 21-day SMA and 50-day SMA boundaries.

What's the next step for Litecoin?

Litecoin is now at the bottom of its chart. The cryptocurrency price has reached a low on the 4-hour chart of $45 and is now rising. Litecoin's recent drop will be reversed if investors can push it above $60. The altcoin is expected to rise, but it will be met with resistance near the moving average lines.

Disclaimer. Disclaimer: This is a personal opinion of the author. The author collected the data and it is not sponsored by a company or token developer. This is not an endorsement of CryptoGuestPosts and does not constitute a recommendation for the purchase or sale of cryptocurrency. Before investing in funds, readers should conduct their own research.