Price Analysis

Litecoin Flattened by 2.5%; Next Support Anticipated at $67.12

  • Litecoin lost 2.5% to reach 68 USD over the last 24 hours.
  • It may seek the next support of 67 USD.

Litecoin has shocked the market and its huge user base as soon as it touched a value below 70 USD. In the last 24 hours, the coin has lost almost 2.5%. The volatility in the price movements of the last day is to be noted and it’s one of the highest in the recent past.

Litecoin Price Statistics-

Litecoin (LTC)September 09, 05:45 UTC
Rank5th
ROI (Return on Investment)1,506.99%
Coin Circulation63,214,392 LTC
Market Cap4,371,961,862 USD
Value in USD68.94 USD
Value in BTC0.00668383 BTC
24h Volume2,552,015,096 USD

LTC to USD Price Comparison-

Litecoin Price
Litecoin Chart By TradingView

Litecoin got its first push of the day within the first 3 hours and 50 minutes. This push took the coin to 71.55 USD. Later, it fell by 3.57% over the almost next 10 hours and lost 2.55 USD to reach 69 USD. This fall had a break at 10:29 UTC when it was being traded at 71.08 USD. It also caters to a low point of 68.73 USD at 11:07 UTC. The third swing happened between 13:59 UTC and 23:42 UTC, this hike of 2.89% added 1.99 USD to the value of each coin. This swing had a mid-point at 71.14 USD at around 16:00 UTC. The last swing made the coin to lose 2.61 USD and placed the coin way below 70 USD at 68.36 USD at 04:26 UTC today.

LTC Price Prediction-

Litecoin is in the list of top 5 crypto coins globally. It has been following the slowdown in the market. However, it is expected to have a rally before the start of 2020. In the short-term, Litecoin may fall to the support of 67.12 USD.

Litecoin (LTC)
1st Resistance71.46 USD
2nd Resistance72.37 USD
3rd Resistance73.63 USD
1st Support Level69.29 USD
2nd Support Level68.03 USD
3rd Support Level67.12 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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