LTC May Become Vulnerable, If Gravitates Below 50
Litecoin (LTC) price is trading on the bearish note on the monthly chart; however, it holds above significant moving averages of 100 and 200-Day. Meanwhile, LTC is trading below 20 and 50-DMA, indicating bearish momentum in the short term. Support on the downside is placed at $110 and $90; meanwhile, the resistance on a higher level is $155 and $186. This $185 level's breakout can give the targets of $200 and $245 in upcoming trading sessions. Currently, LTC is facing the resistance of 20-DMA on a short term time frame, which is placed around $138.
themarketperiodical.com/2021/02/01/litecoin-analysis-ltc-may-become-vulnerable-if-gravitates-below-50-dma/
themarketperiodical.com/2021/02/01/litecoin-analysis-ltc-may-become-vulnerable-if-gravitates-below-50-dma/
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