Litecoin Drops in Value but Remains Above $77

Key Highlights
LTC price is in a range
Litecoin reaches bearish exhaustion at $77

Litecoin (LTC) Current Statistics
The current price: $79.41
Market Capitalization: $6,670,602,556
Trading Volume: $971,651,892
Major supply zones: $100, $120, $140
Major demand zones: $80, $60, $40

Litecoin (LTC) Price Analysis March 19, 2024
Litecoin (LTC) falls below the moving average lines but remains above $77. The recent fall marked the end of the current upswing. The cryptocurrency price fell below the 21-day SMA, retested it, and then recovered above the 50-day SMA.

The cryptocurrency price rose above the 50-day SMA as bulls halted the fall. Litecoin is currently caught between the moving average lines. In other words, Litecoin is priced between $76 and $90. The cryptocurrency’s price fluctuation has been limited between the moving average lines.

Litecoin will trend when the 21-day and 50-day SMAs are violated. Litecoin is now worth $79.41.

Litecoin (LTC) Technical Indicators Reading
Litecoin’s value is decreasing as it slips between the moving average lines. The altcoin is oscillating between the moving average lines, as bulls and bears fail to breach them. On the 4-hour chart, LTC prices have fallen below the moving average lines.

Conclusion
Litecoin’s bearish momentum continues as it approaches the 50-day SMA but remains above $77. On the downside, if the bears break below the 50-day SMA, Litecoin will return to its earlier low above the $70 support. However, if the cryptocurrency breaks above the 21-day SMA, it will resume positive momentum.

In the meantime, the crypto signal fluctuates between the moving average lines.

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