Litecoin Dips as It Battles to Rise above the $100 Support

Key Highlights

Litecoin revisits critical at $100
Litecoin is confined to a range

Litecoin (LTC) Current Statistics

The current price:  $111.92
Market Capitalization: $8,455,534,163.26
Trading Volume: Vol/Mkt Cap (24h)
Major supply zones: $100, $120, $140
Major demand zones: $80, $60, $40

Litecoin (LTC) Price Analysis January 29, 2025

Litecoin’s (LTC) price dips below the moving average lines as it battles to rise above the $100 support. The moving average lines have ensnared the upward trend. It is limited to a small range below the 21-day SMA resistance and above the 50-day SMA support. On the plus side, the altcoin will rise to the highs of $129.50 and $140 if the ascending trend breaks through the 21-day SMA.

Should the bears break below the 50-day SMA, Litecoin may also decline. If the 50-day SMA is broken, the cryptocurrency asset will return to its crucial support level of $100. Litecoin is currently trading in the space between the moving average lines. The value of Litecoin is $112.

Litecoin (LTC) Technical Indicators Reading

Litecoin is ensnared by the horizontal moving average lines. The price bars are between the 21-day and 50-day SMAs. The price bars on the 4-hour chart that are below the moving average lines suggest a possible fall. A bearish indication is indicated by the bearish crossover of the moving average lines.

What Is the Next Move for Litecoin

The sideways trend of Litecoin continues as it battles to rise above the $100 support. Though it veers below the moving average lines or the resistance at $120, Litecoin trades above the $100 support on the 4-hour chart. The 21-day SMA has rejected it today as the crypto price keeps falling. The altcoin enters the bearish trend zone, indicating a negative cryptocurrency indication.

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