Price Analysis

Litecoin (LTC) Escalates to $59; Next Resistance to Look for $60

Litecoin has been moving around $58 from the beginning of the month. In the previous month, the currency slipped to $48. The highest price touched by LTC in the last 30 days was $61. If we look at the current price movement, the coin is reflecting with pretty good momentum. If the same remains intact, the price might jump to $60 during the intraday trading.

Litecoin Price Prediction

Litecoin started dealing at $58.669 yesterday. The price shifted down to $58.296 within the first few hours by 0.62%. The currency recovered immediately and went up to $58.874 by 0.99%. Later, the currency fell to $57.405 by 2.50%. LTC coin felt tight around $57 and then started moving upwards. The major escalation took the price up from $57.775 to $58.700 by 1.60%. The overall intraday price movement brought a profit of 0.02% as it closed the day at $58.700.

Today, Litecoin opened with a fluctuating trend. The coin tried to lock itself at $58.7 but fell to $58.259 by 0.29%. Further, the price escalated to $59.295 by 1.78%. The movement in the LTC coin has brought an aggregate profit of 0.68% as the current price is noted as $59.093.

Litecoin Price
LTC Chart By TradingView

Litecoin is likely to have a great future. The investors who have already tried LTC must be aware of the result-yielding capacity of the coin. The same is expected in the coming days. If we look at the resistance and support levels, Litecoin has already breached the immediate resistance level. Although it fell after violating the level, we are hopeful that the next level could be crossed by the day’s end.

Resistance Level Price Support Level Price
R1$59.19S1$57.86
R2$59.74S2$57.08
R3$60.52S3$56.53

Litecoin is recommended for long-term traders. The specified period would bring the desired result to the traders.

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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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