Litecoin Slumps as It Loses the $85 Support

Litecoin (LTC) Current Statistics

The current price: $85.02
Market Capitalization:  $6,424,111,989.07
Trading Volume:  $377,942,802.7
Major supply zones: $100, $120, $140
Major demand zones: $80, $60, $40

Litecoin (LTC) Price Analysis April 1, 2025

Litecoin’s (LTC) price drops once more after hitting the 21-day SMA barrier as it loses the $85 support. Litecoin failed to reach the 50-day SMA high because it was rejected at the 21-day SMA barrier. The altcoin has fallen to a low of $84 today after breaking through the present support at $85.

The price indicator has predicted a further decline in value. It forecasted that Litecoin would fall to the level 2.0 Fibonacci extension or the $75.27 low. Based on price activity, the altcoin has fallen to a low of $84 and may continue to decline to the expected price level. The altcoin is currently in the oversold region of the market.

Litecoin (LTC) Technical Indicators Reading

The drop is now indicated by the horizontal moving average lines trending southward. The blue line, the 21-day SMA barrier, serves as the price bars’ resistance line. The cryptocurrency is moving steadily because the Doji candlesticks have set in.

What Is the Next Move for Litecoin

Litecoin loses the $85 support and begins its decline. Litecoin is posting a string of lower highs and lower lows on the 4-hour chart. Every time the altcoin is rejected at the 21-day SMA barrier, it will fall. The price indicator indicates that the crypto signal is negative because it was rejected at the most recent high.

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