Price Analysis

Litecoin (LTC) Exhibits Downtrend; Appears Around Active Support

Litecoin price has taken the downhill road. In the past seven days, the coin was spotted dealing at $45, and then the LTC price dribbled to $44. The tremendous loss in the price is indicating a delayed recovery.

However, in the past, LTC has given great results. The currency is speculated to retain the same momentum in some time. The current market pressure seems to take a while, but once it is lifted, the coin would once again shine.

Litecoin News
LTC Chart By TradingView

Litecoin Price Prediction

Yesterday, LTC coin started dealing at $44.32. The price jumped to $44.60 by 0.64%. The currency slipped to $44.25 by 1.27% fall. Litecoin price escalated in the later hours and reached to $44.58 by 1.18%. Then, the price slipped to $43.55 by 2.29%. The coin traded at the same level and later surged to $44.16 by a marginal hike. The intraday movement reflected a 0.37% regression in the price of Litecoin. Today, the currency slipped to $43.26 by 2.04%. The price moved to $43.66 by 0.92%. Then, it slipped again and touched $43.29 by 0.88%. After that, the coin recovered in the later hours and touched $43.92 by 1.40% hike.

At the time of writing this piece, Litecoin was dealing at $43.92. The price might be seen escalating to the immediate resistance level at $45.89. The same might be breached in some time. LTC is recommended for long-term investment. The specified period would give the desired result to the investors.

Resistance LevelPrice
R1$45.89
R2$45.41
R3$44.68
Support LevelPrice
S1$43.47
S2$42.99
S3$42.26
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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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