Litecoin Price Prediction: LTC/USD Sideways Trading Continues; Price Drops below $49 Level

Litecoin (LTC) is dropping with a loss of 0.31% over the past 24 hours of trading as it trades at $48.40. Meanwhile, a break beneath the 9-day MA could see the Litecoin price heading towards the support level of $45.

The critical support level is located below the lower boundary of the channel at 4000 SAT and below. However, any attempt by the bulls to re-power the market could push the coin above the moving averages to find the resistance level at 4800 SAT and above.

Timeline of Litecoin