Litecoin Stabilizes Above $96 and Resumes Its Advance

Key Highlights
LTC price hovers above $96
Litecoin commences a sideways trend

Litecoin (LTC) Current Statistics
The current price: $97.60
Market Capitalization: $8,199,571,175
Trading Volume: $833,700,423
Major supply zones: $100, $120, $140
Major demand zones: $80, $60, $40

Litecoin (LTC) Price Analysis April 4, 2024
Litecoin’s (LTC) price resumes its advance and retests the $110 high three times. The crypto’s price fell dramatically above the 21-day SMA, triggering a range-bound move. The altcoin is currently trading above the 21-day SMA but below the barrier at $110.

Today, the LTC/USD price is retracing as it approaches the support above the 21-day SMA. Litecoin’s rising trend will restart if the 21-day SMA support holds. The altcoin will soar and surpass the $110 high. The positive momentum will continue till the high of $144.

However, if Litecoin retraces and crosses below the 21-day SMA, the cryptocurrency will fall to its previous low of $86. In the meantime, Litecoin is currently worth $96.

Litecoin (LTC) Technical Indicators Reading
The altcoin’s price bars have retraced above the 21-day moving average. If the drop stabilizes above the moving average lines, Litecoin will resume its uptrend. The prior price broke the 21-day SMA, yet bulls bought the dips. The moving averages are pointing upward, indicating an uptrend.

Conclusion
The 4-hour chart shows Litecoin in a sideways trend as it resumes its advance. The resistance at $108 has halted the rising price movement.The altcoin’s price fluctuates between $94 and $108. The cryptocurrency’s signal has fluctuated as Litecoin resumes its sideways trajectory.

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