Litecoin Badly Affected by the Downtrend; LTC Drops to $61

  • Litecoin is still battling with the downtrend
  • The improvement seems to be faded in the intraday market

Litecoin holds a high expectation of the traders. The coin has the potential to replace Bitcoin in the future. In the first two quarters of the year, the LTC coin has outperformed Bitcoin. However, the coin has lost its momentum in the second half of the year.

The pullback pressure is still felt by the coin. Yesterday, Litecoin was seen dealing at a high of $64.34 and a low of $61.37. The volume marked was at $3,033,016,472. Yesterday’s market cap was at 3,940,458,193. Today, the condition is similar to yesterday.

Litecoin Price Prediction:

The price fluctuations of the last two days are indicating moderate movement in the price of Litecoin. Yesterday, LTC coin started dealing at $64.04. The price jumped to $64.3 by 0.43%. Later, the price slipped to $60.98 by 5.22%.

Later, the price improved and jumped to $62.73 by 2.86%. The closing hours reflected a slight fall in the Litecoin price. The counters moved from $62.73 to $61.60 by 1.82%. The overall intraday regression was marked as 1.82%. Today, LTC started moderately around $61.60, but later dropped to $61.17 by 0.75%.

Litecoin (LTC) Forecast
LTC Chart by TradingView

Litecoin is speculated to give flourishing results in the future. In the last month’s statistics, the coin never escalated to $63, whereas the current price of LTC coin is trading around $63. The same indicates positive signs for future.

The price is almost near the immediate support level at $60.73. In the comings hours, the currency might breach the same.

Resistance Level Price
R1 $63.7
R2 $65.51
R3 $66.67
Supply Level Price
S1 $60.73
S2 $59.57
S3 $57.76

Litecoin is likely to bring positive results in the future. For now, the investors are recommended to hold their investment. LTC would gain back the momentum once the volatility is lifted. But, traders should first check LTC Price Prediction before investing their hard-earned money in this coin.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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