The price of Litecoin (LTC) has dropped after breaking below the critical support level of $70. Bulls have stepped in to buy the dips, pushing the price back up to the $70 level. If buyers can keep the price above the moving average lines, Litecoin is expected to continue its positive trend, possibly reaching a high of $89. However, if buyers are pushed back from the moving average lines, Litecoin may trade between the $67 support level and the moving average lines, currently valued at $73.
Litecoin’s price has been on a steady decline, with bulls buying the dips three times as the cryptocurrency loses value. Technical indicators show resistance levels at $100, $120, and $140, while support levels are at $60, $40, and $20. The latest charts suggest that Litecoin may be correcting higher after hitting a low of $67, signaling a potential upward trend.
Overall, Litecoin’s future movements remain uncertain, with the cryptocurrency showing signs of both upward and downward trends. As always, it’s important for investors to conduct their own research before making any investment decisions.