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Key Highlights
LTC price retraces and holds above $69
LTC/USD price range may continue
Litecoin (LTC) Current Statistics
The current price: $69.76
Market Capitalization: $5,859,023,854
Trading Volume: $240,074,172
Major supply zones: $80, $100, $120
Major demand zones: $60, $40, $20
Litecoin (LTC) Price Analysis November 30, 2023
The price of Litecoin (LTC) is moving sideways between the moving average lines as it returns to its $69 low. The advent of Doji candlesticks has caused price movement to stall. The market’s direction is now unclear as the LTC price consolidates between the moving average lines.
Since November 30, the latest drop has ended above the $69 support. LTC/USD is attempting to restart its upward trend, but the coin has become trapped. At the time of writing, the coin is worth $69. If the bears break below the 50-day SMA, the cryptocurrency will return to the $65 bottom.
Since the drop has ended, Litecoin is projected to rise to its current value.
Litecoin (LTC) Technical Indicators Reading
The price bars have been between the moving average lines since November 22, causing it to vary within the range. As the price fall lessens, the 50-day SMA is expected to hold. The moving average lines have not changed from their horizontal position due to the sideways movement.
Conclusion
The last week has seen steady price movement as it returns to its $69 low. Doji, or small body uncertain candlesticks, dominate the price activity. The Doji candlesticks are in charge of price stability.
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