Litecoin Price Prediction – LTC/USD Slips to $40 While the Market Remains Bearish

Today, LTC/USD is seen looking bearish as the price tested and printed below $42 to touch the low of $40.34 support level. Today, the market opens without any rise after which the bears grabbed the price and dragging it below the point where it touches the daily low of $40.34 support level.

The critical support level is located below the 9-day and 21-day moving averages at level 4300 SAT and below. Meanwhile, looking at the daily chart, the price of Litecoin is currently changing hands at 4508 SAT and the coin may begin to consolidate as the technical indicator RSI (14) moves in the same direction, suggesting a sideways movement.

Timeline of Litecoin