Litecoin Holds at $45 as Price Struggles Below Declining Moving Averages
Litecoin (LTC) has recently tested a long-standing support level, dropping to an intraday low near $45 before recovering to the low $50s. Since Feb. 2 the price has remained around the $45 floor while trading below declining 21- and 50-day simple moving averages (SMAs). Short-term price action shows Doji candlesticks and reduced momentum, with the 21-day SMA acting as immediate resistance. Key near-term levels: support at $45 (critical), $40 and $20; resistance at $55–$60 (short-term), and larger psychological resistances at $100, $120 and $140. A decisive reclaim and hold above $60 would indicate renewed upside momentum; conversely, a breakdown below $45 could push LTC toward $40. For now, Litecoin is likely to trade range-bound between the moving-average resistance and the $45 support until a clear break occurs. This is technical market commentary and not investment advice.
Bearish
Price action shows LTC trading below declining short-term moving averages with reduced momentum and a recent test of the critical $45 support. Both articles emphasize that the 21- and 50-day SMAs are acting as resistance and that Doji candlesticks signal indecision and weak buying pressure. The immediate risk is to the downside: a confirmed break below $45 would likely trigger further selling toward $40. Upside requires reclaiming higher thresholds (notably $60) to shift momentum. Given these factors, the near-term bias is bearish for LTC until it decisively reclaims moving-average resistance or the $60 level. For traders: expect range-bound or downward moves, heightened volatility near $45, and that stops below $45 could accelerate declines, while break-and-hold above the 21/50-day SMAs would be needed to consider bullish positions.