The price of Litecoin (LTC) has experienced a rise but is facing resistance at $78. Buyers have struggled to sustain the upward momentum above the $76 resistance level. The cryptocurrency fell below the $70 support level on December 11, but if it falls further, a move between $70 and $76 is expected. The market will return to its previous range if the bears break the current support at $70 or fall below the moving average lines. Currently, the Litecoin price is expected to remain steady between $70 and $76.

The LTC price bars have consistently stayed above the horizontal moving average lines, indicating a recent decline. The altcoin has been rising since December 1, with the price bars remaining above the moving average lines. On the 4-hour chart, the price bars are below the moving average, suggesting a decline.

Resistance levels for Litecoin are at $100, $120, and $140, while support levels are at $60, $40, and $20.

If the current support level of $70 holds, Litecoin is expected to resume its movement between $70 and $76. There is an anticipation of a further rise, with the altcoin retesting the resistance at $76. However, if the current support is broken, the cryptocurrency will likely retrace and test its previous low of $60.

It is important to note that this analysis and forecast are the personal opinions of the author and should not be considered as a recommendation to buy or sell cryptocurrency. Readers are advised to conduct their own research before making any investment decisions.