Published date: March 6, 2026 12:22
Updated: March 6, 2026 13:56
Litecoin (LTC) remains above the $50 support level.
Long-term prediction of Litecoin price: range
Although buyers pushed the price above the 21-day SMA, it was unable to maintain momentum above the 50-day SMA. After facing initial resistance near $57, LTC price is confined between the moving averages. The cryptocurrency is currently trading above 21-day SMA support but below 50-day SMA resistance. The altcoin continues to fluctuate within a narrow range, with the bullish momentum being rejected twice by the high of $57. On the downside, if the bears push the price below the 21-day SMA support, the altcoin could fall and continue trading sideways above the $50 level. If Litecoin can overcome the current resistance, it could rise to $62. Current LTC price is $56.
Litecoin indicator analysis
The price of the cryptocurrency is moving sideways and confined between the moving averages. The moving average is flat and the price is bouncing above the 21-day SMA. On the 4-hour chart, the cryptocurrency’s price is fluctuating both below and above the horizontal moving average, indicating a sideways movement.
Technical indicators:
Resistance levels – $100, $120, $140
Support levels – $60, $40, $20
What will be the next move for Litecoin?
Litecoin price is still trending sideways, fluctuating between $50 support and $60 resistance. On the 4-hour chart, price is above the moving averages but below the $60 resistance level. Today, the cryptocurrency price ran back above the moving averages after encountering resistance at $58.
Disclaimer. This analysis and forecast is the author’s personal opinion, does not constitute a recommendation to buy or sell any cryptocurrency, and should not be considered an endorsement by CoinIdol.com. Readers should do their research before investing in a fund.
