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24 October 2020

Litecoin (LTC) Price Analysis: Key Supports Nearby, Bulls In Control | Live Bitcoin News

Litecoin (LTC) Price Analysis: Key Supports Nearby, Bulls In Control | Live Bitcoin News


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Earlier, LTC price gained pace above the main $48.50 resistance level to move into a positive zone.

Moreover, the 55 simple moving average (4-hours) is also near the trend line and $48.50.

If there is a clear break below the trend line support and the $48.50 level, there is a risk of a larger downside correction.

Looking at the chart, litecoin price is clearly trading nicely above the $48.50 support level and the 55 simple moving average (4-hours).

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