Litecoin (LTC) Continues to Hold its Fort; Gains 0.69% Overnight

  • Litecoin maintains its price around $47 despite the initial blood bath in the market
  • Over the next few days, LTC may take the value a little higher, but no abrupt change is anticipated

Litecoin has maintained its value despite the overall slowdown across the market. There have three major price changes on the last day, and LTC has shown a 0.69% increment against the US Dollar. The highest point for Litecoin price over these 24 hours was 48.29 USD.

Litecoin Price Prediction:

LTC price was being traded at 47.23 USD at the opening of the day, and it faced the first swing as a slump of 3.49% that pushed the value to 45.58 USD. At 03:12 UTC, Litecoin started showing signs of strength, and it managed to add 2.70 USD in the next 11 hours, and reached 48.29 USD, the highest for the day. It was followed by a 2.53% freefall that cost it 1.22 USD, and the Litecoin value against USD got down to 47.09 USD by 01:27 UTC.

Litecoin Price Chart
LTC Chart By TradingView

The market cap of LTC coin on December 01 was 3.041 billion USD, and it has shown a marginal change over the last 24 hours. The current market cap stands at 3.038 billion USD. Litecoin’s 20 days MA is now at 47.49 USD, and the 50 days MA stands at 47.35 USD. The current price of LTC is at 47.56 USD, which is 0.44% and 0.14% more than the 50 days and 20 days moving averages, respectively.

Litecoin (LTC) Resistance and Support levels
1st Resistance $48.59
2nd Resistance $49.47
3rd Resistance $50.65
1st Support $46.53
2nd Support $45.35
3rd Support $44.47

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