Litecoin Price Analysis November 2020 | Litecoin to Follow BTC Higher?
Following the lead of Bitcoin, the Litecoin price has also been on an overall uptrend, despite the current two-day down streak. Furthermore, the hourly Litecoin analysis has seen 2 straight down hours resulting in a decline of 0.35%.
Even so, however, the 20, 50, 100 and 200 moving averages in the Litecoin chart are a sure indicator of a sound bullish trend. The price entered today at $53.94, bouncing off the Litecoin November $53.50 support level, but wasn’t able to sustain the move and fell below it again shortly after.
So now investors are eyeing it again as the next Litecoin price target before the cryptocurrency can head towards the resistance zone around $54.40. And whilst sentiment remains positive, there are still some concerns surrounding the possibility of a less rosy Litecoin November 2020 outlook.
Stay tuned for our full Litecoin November forecast and find out where the cryptocurrency is likely to be headed over the next few weeks. And if you have your own Litecoin price prediction, please let us know in the comments!
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