Price Analysis

Litecoin (LTC) Breaks the Downtrend; Maintains the Price around $44

  • Litecoin maintains its price around $44 despite the 0.35% decline over the last 24 hours
  • LTC price may soon touch $46.29 as its next resistance

Litecoin seems to have stopped the freefall of its price against USD. It has maintained its value around 44 USD for the whole day, and the three price variations have been in the range between 46.97 USD and 43.81 USD. The total change is a loss of a mere 0.35% over the last 24 hours.

Litecoin Price Prediction:

LTC was being traded at 44.81 USD at the starting of the day when it started showing weakness and lost 2.23% value to reach 43.81 USD by 08:12 UTC.

It was followed by a 7.16% hike that added 3.14 USD and pushed the Litecoin price to 46.97 USD.

The last variation happened between 13:24 & 01:39 UTC today, and over these 12 hours, it made a loss of 2.31 USD value and got placed at 44.66 USD.

LTC Price Chart
LTC/USD Price Chart by TradingView

The price movement pattern of Litecoin over the last seven days has been highly volatile. The range of the variations throughout the week has been between 49 USD and 43 USD.

Litecoin’s 20 days MA is at 44.64 USD, and it’s 50 days MA stands at exactly where the current LTC price rests, 44.65 USD. The three figures are almost at the same place, and over the next few days, the coin may surge towards its next resistance $46. Investors are advised to wait for some more days as Litecoin may show some bullish movements soon.

Litecoin (LTC)Resistance and Support levels
1st Resistance$46.29
2nd Resistance$47.39
3rd Resistance$48.25
1st Support$44.33
2nd Support$43.47
3rd Support$42.37
Tags

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.

Related Articles

Back to top button
Close