Price Analysis

Litecoin Continues the Downtrend; Loses 3.63% Overnight

  • Litecoin went down by 3.63% in the last 24 hours.
  • It may find the next resistance at 54.75 USD.

Over the last 24 hours, the value of Litecoin (LTC) against USD has hit the bottom at 52 USD all the way from 54 USD. It has shown three major price variations with an overall 3.63% of loss.

LTC to USD Price Analysis:

Litecoin Price Chart
Litecoin Chart by TradingView

LTC opened the day at 54.97 USD and over the next 8 hours and 50 minutes, it lost 2.70 USD before taking a plunge near 52.27 USD, the lowest point of the day. It was followed by a hike of 2.37% and it added 1.24 USD to its value and pushed it to 53.52 USD. The last swing started at 18:28 UTC and by 02:12 UTC today, LTC was down to 52.88 USD after a 1.20% decline in the value.

The market capitalization of LTC has also been affected by yesterday’s sluggish market condition. The current market capitalization has been down to 3.381 billion USD from yesterday’s figure of 3.396 billion USD.

Litecoin Price Prediction:

Litecoin’s 50 days average is at 62.63USD and the 20 days average stands at 55.87 USD. The current price at 52.97 USD is 15.42% and 5.19% less than the 50 days average and 20 days average respectively. LTC may find the next resistance at 54.75 USD.

Resistance and Support levels:

Litecoin (LTC) 
1st Resistance54.75666667 USD
2nd Resistance56.02333333 USD
3rd Resistance57.00666667 USD
1st Support Level52.50666667 USD
2nd Support Level51.52333333 USD
3rd Support Level50.25666667 USD
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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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