Litecoin Price Prediction: LTC/USD Falls Below $40 Level, Is $35 Next?

The $35 support line needs to be defended by the bulls to prevent further downward movement but the technical indicator moves in the same direction, hinting that even further price may follow a sideways movement. Short-term technical analysis shows that the $34 and $32 levels are currently the strongest forms of technical support before the $31 level may come into play.

Moreover, the daily chart highlights that the LTC/USD pair’s 9-day moving average, at the $39.48 level, is a key technical region which bulls need to break. Furthermore, from downside; the nearest levels of support are 6200 SAT and beneath this, further support lies at 6000 SAT.

Timeline of Litecoin