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Price Analysis

Litecoin Price Analysis: LTC Got Hike of 3.5%, Crossed $71 Overnight

  • Litecoin gains 3.5% in one day to cross $71 mark.
  • The next resistance may come at $72.13.

Litecoin price has been able to fetch a decent growth of 3.5% in the last 24 hours and it’s one of the few coins which have achieved this feat amidst gloomy market conditions. The coin has been through four price shifts and in the short-term, the coin may not get any huge hike.

Litecoin Price Statistics-

LitecoinSeptember 10, 04:33 UTC
Rank5th
ROI (Return on Investment)1,569.93%
Coin Circulation63,221,567 LTC
Market Cap4,527,999,995 USD
Value in USD71.91 USD
Value in BTC0.00693226 BTC
24h Volume2,882,212,907 USD

LTC to USD Price Comparison-

Litecoin Price
Litecoin Chart By TradingView

LTC price started the day’s movement with a dip in the value. Between 00:31 UTC and 08:10 UTC, the coin lost 3.64% to be placed at $68.03. The next swing gave a morale push to the investors as over the next 3 hours and 11 minutes; the coin gained $3.28 to be placed at $71.29.

The third swing was another depletion in the value of LTC, as it lost 3.39% over 7 hours and 38 minutes with a break at $70.16. The final swing was a hike of 4.42% and this caters to the top point of Litecoin for the day at $73.11. The current value is now in constant competition with $72.

Litecoin Price Prediction-

Litecoin has a considerably high user base on its support. The coin has been performing with huge stability amidst the gloomy times. However, no significant hike seems likely in the short-term.

LTCResistance & Support Levels
1st Resistance$71.16
2nd Resistance$72.13
3rd Resistance$73.45
1st Support Level$68.87
2nd Support Level$67.55
3rd Support Level$66.58
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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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