Litecoin (LTC) Price Analysis - 27 Mei

Litecoin may be at risk to extending losses after LTC/USD closed under rising support from late 2020. The cryptocurrency also took out the 223 – 207 support zone, failing to overcome the 153 – 167 range thereafter as prices left behind a large shadow. That is where the 200-day SMA came in to maintain the dominant focus to the upside. A push higher from here could place the focus on rising support, which could act as new resistance. Otherwise, extending losses exposes the January low at 112.