Following all the major coins, Litecoin has also witnessed a tough time over the last day, and it has fallen below 75 USD in this period. It has been through four significant price variations, and the range of LTC price stays between $77 and $73.
Litecoin Price Analysis:
Litecoin (LTC) started the day with a fall of 3.47%, and it took the price to $74.57 over the initial 5 hours and 55 minutes. It was followed by a hike of 2.37%, and it added $1.77 to its value and placed the overall LTC price at $76.34. The third swing starts at 12:18 UTC and over the next 4 hours and 43 minutes, it got down by $3.02, and this fall pushed the Litecoin to $73.32, the lowest point for the day. However, it showed signs of strength from there and in the next 8 hours and 26 minutes, LTC price got lifted by 2.97% and reached $75.50. The current price seems to be nearing the 20 days and 50 days moving average, and the convergence may mean no upcoming unprecedented hikes in Litecoin’s price movement.
Litecoin is one of the top-most coins of the current times, and it is likely to have good times in the medium-term. For now, it must be satisfied with the upcoming resistance level at $78. Investors should look at long-term, which may give good returns over short-term volatility.
|Litecoin (LTC)||Resistance and Support levels|
|1st Support Level||$73.66|
|2nd Support Level||$72.17|
|3rd Support Level||$70.48|