Litecoin Resumes Its Range-Bound TrajectoryAbove $70

Azeez Mustapha


Unlock Daily Forex Signals

Select a Plan


1 - month



3 - month



6 - month






Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

Key Highlights
LTC/USD rebounds but faces rejection at
Litecoin resumes a sideways trend

Litecoin (LTC) Current Statistics
The current price: $70.98
Market Capitalization: $5,963,202,711
Trading Volume: $250,261,242
Major supply zones: $80, $100, $120
Major demand zones: $60, $40, $20

Litecoin (LTC) Price Analysis February 12, 2024
Litecoin (LTC) prices rise as it resumes its range-bound trajectory above $70. Since the January 23 price decline, the altcoin has been trading in a bearish trend zone. Today, the altcoin resumed positive momentum, breaking above the moving average lines.

LTC price rose to a high of $73 before pulling back, leaving a long candlestick wick. The lengthy candlestick’s wick signals significant selling pressure at the higher price point. Currently, it is retracing towards the moving average lines.

The cryptocurrency’s range-bound trajectory will start if it retraces and maintains above the $70 support level. In recent price action, the market fluctuated between $70 and $76. As of the time of writing, Litecoin has dropped to a low of $70.99.

Litecoin Resumes Its Range-Bound Trajectory Above $70
LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
Following the February 8 price rebound, the price bars have risen above the moving average lines. The altcoin has been advancing above the moving average lines, but the gains have been short-lived due to heavy selling pressure at the recent high.

Litecoin has returned to its former pricing range as it resumes its range-bound trajectory above $70. The current bullish trend came to an end at the $73 high. Nonetheless, the upward movement has been hampered by resistance at $72.

On the downside, the crypto signal will be negative as the altcoin experiences additional rejection.

Litecoin Resumes Its Range-Bound Trajectory Above $70
LTC/USD – 4 Hour Chart

You can purchase crypto coins here: Buy LBLOCK

NOTE: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *