Litecoin Price Stuck in Range, Bears Threaten Further Decline

The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.

The price of Litecoin (LTC) is currently falling and trading within the range of $60 to $70. The presence of doji candlesticks is limiting the altcoin’s price movement, and it is trapped between the moving average lines. If the bears break the 50-day SMA, the price will fall into the $60 to $70 range, while if the bulls breach the barrier at $70 or the 21-day SMA, Litecoin will resume its uptrend. The cryptocurrency is expected to fluctuate and fall when the price bars on the 4-hour chart fall below the moving average lines. The resistance levels for Litecoin are $100, $120, and $140, while the support levels are $60, $40, and $20. Currently, Litecoin is bearish but stuck in a range, and a rejection of the $72 high could cause further decline. It is worth noting that this movement between $60 and $70 has been observed before and is expected to continue for a few more days.

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