Litecoin Maintains Its Sideways Trend as It Rises to $70.40

Key Highlights
LTC price continues its sideways trend
Litecoin regains bullish momentum

Litecoin (LTC) Current Statistics
The current price: $70.28
Market Capitalization: $5,903,678,196
Trading Volume: $241,878,226
Major supply zones: $80, $100, $120
Major demand zones: $60, $40, $20

Litecoin (LTC) Price Analysis February 24, 2024
Litecoin’s (LTC) price has fallen below the moving average lines as it rises to $70.40. On February 23, the altcoin fell to a low of $67 as bulls purchased dips. Today, buyers are hoping to push the altcoin above the moving averages. Nonetheless, buyers have failed to maintain their bullish momentum above the moving average lines.

Since January 11, 2024, Litecoin has failed to break the $73 resistance level. The cryptocurrency asset will fall below the moving average lines whenever it is rejected at its recent high. On the upside, if the bulls conquer the $73 barrier level, the altcoin will ascend to its previous high of $78.50.

The altcoin had reached a high of $70.10 at the time of writing.

Litecoin (LTC) Technical Indicators Reading
LTC’s price has broken above the moving average lines. The altcoin will try to rise by trading above the moving average lines. The price bars exhibited extended, downward-pointing candlestick tails before the most recent surge. Long candlestick tails suggest significant buying pressure at lower prices.


Conclusion
Litecoin has risen above the moving average lines as it rises to $70.40. On the 4-hour chart, the altcoin trades in the $68 to $72 price range. The crypto signal has remained range-bound as the altcoin maintains its sideways trend.

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