The price of Litecoin (LTC) has risen above the moving average lines after being trapped between them. Litecoin price long-term prediction: bullish The cryptocurrency was trading above the $80 support level but below the moving average lines or resistance at $92. Since the 30th of May, the bears have been in control of the price action, with the altcoin falling to a low of $80 before recovering. Yesterday, buyers were able to lift the price above the moving average lines, but the altcoin is now encountering resistance at $92. This is the third time that the uptrend has been halted at the $92 level. Litecoin will reach a high of $102 if the current barrier is broken. The altcoin will return to its range above $80 but below the last high if it falls from its current high. Analysis of Litecoin indicators On the 3rd of July, a long candlestick wick pointed above the $92 level. This indicates that there was significant selling pressure at the recent high. Despite the recent upward movement, the moving average lines on the daily chart are pointing downwards. On the 4-hour chart, the moving average lines are pointing upwards, indicating an uptrend. Technical Indicators Resistance Levels: $100, $120, $140 Support Levels: $60, $40, $20 What is the next move for Litecoin? Litecoin is in an upward correction as it moves above the moving average lines. On the 4-hour chart, the altcoin rose to a high of $91.49 before being rejected. On the 3rd of July, Litecoin climbed to a high of $92.32 before being rejected. The altcoin is expected to continue its price movement above the moving average lines. The price action is characterised by doji candlesticks, which slow down the price movement. Disclaimer. This analysis and forecast are the personal opinions of the author. They are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.