LitecoinIs In a Range but Risks Decline below $100

Key Highlights

Litecoin continues its decline
The crypto asset hovers above the $100 low

Litecoin (LTC) Current Statistics

The current price: $103.16
Market Capitalization: $7,772,527,377.61
Trading Volume: 552,688,628.49
Major supply zones: $100, $120, $140
Major demand zones: $80, $60, $40

Litecoin (LTC) Price Analysis December 26, 2024

Litecoin (LTC) has dropped but risks decline below $100. The bearish momentum dropped below the moving average lines but failed to breach the 50-day SMA. The bulls defended the 50-day SMA support four times and bought on dips. Litecoin will trend if the moving average lines are broken. According to previous price estimates, the cryptocurrency asset will most certainly drop.

A breach below the 50-day SMA support will cause the cryptocurrency to fall to its current support of $86. However, if the altcoin loses its current support, the bearish trend will continue to the low of $71. Nonetheless, Litecoin will return to a bullish trend zone, with buyers keeping the price above the 21-day SMA. Currently, the altcoin is worth $102.

Litecoin (LTC) Technical Indicators Reading

LTC price has been caught between the moving average lines, and bears are on the verge of breaking below the 50-day SMA support. If the bear’s breach is below the 50-day SMA, the cryptocurrency will fall in value. On the 4-hour chart, the price bars fall below the moving average lines. It signifies that the coin may fall in value.

What Is the Next Move for Litecoin

On the 4-hour chart, Litecoin is declining below the moving average lines but risks decline below $100. The barrier at $110 has resisted upward movements. This will speed up the decline to lower price ranges. When the 50-day SMA is violated, selling pressure on the daily chart will increase. In other words, the cryptocurrency signal is negative based on price predictions.

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