Key Highlights
Litecoin faces selling pressure at $140
Litecoin continues its range
Litecoin (LTC) Current Statistics
The current price: $126.57
Market Capitalization: $9,571,081,733.6
Trading Volume: $658,452,287.47
Major supply zones: $100, $120, $140
Major demand zones: $80, $60, $40
Litecoin (LTC) Price Analysis February 23, 2025
The price of Litecoin (LTC) holds steady above $120 and the moving average since February 10. The altcoin has been oscillating above the moving average lines and below the resistance level at $140. The crypto price dropped to the $123 support on February 21 and was repelled. Since December 5, 2024, the cryptocurrency price has been rejected at $140.
The altcoin will fall to the bearish trend zone if bears breach the $120 mark and the 21-day SMA support. Litecoin will regain its crucial support at $100. Litecoin is currently trading at $126.10, which is in the middle of the price range.
Litecoin (LTC) Technical Indicators Reading
Litecoin has maintained its upward trajectory as long as the price bars remain above the moving average lines. Its range-bound move is the result of the long candlestick wicks’ continuous retest of the resistance zone. The price bars are below the moving average lines on the 4-hour chart, but the decline has stopped above the current support.
What Is the Next Move for Litecoin
Litecoin has been trading in the positive trend zone as it holds steady above $120. The altcoin has held steady between the resistance at $140 and the 21-day SMA support. The altcoin has been moving sideways between the $120 and $140 price levels on the 4-hour chart. It is stabilizing above the $120 support while varying below the moving average lines. The crypto signal is range-bound since the altcoin keeps moving.
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