Price Analysis

Litecoin (LTC) Managed to Gain 6.69% Value Overnight

Litecoin has started the week with a massive hit. Over the last 24 hours, the coin went on, adding a whopping 6.69%, and the price has been raised from $39.72 to $4238. It has been through three major price variations in this period.

LTC opened the day at 39.72 USD, and over the next 8 hours, the coin gained $1.58 and touched $41.30. It was followed by a 3.43% hike that added $1.40 to the value and pushed the Litecoin price to $42.19 by 20:16 UTC. Towards the closing, LTC coin showed another stint of growth and between 20:38 & 01:14 UTC, the currency managed a hike of 1.26% and got scaled to as high as $42.56.

Litecoin News
LTC/USD Chart By TradingView

Litecoin Price Prediction

There has been a significant increase in the market cap of Litecoin as well. Between December 22 and today, the market cap has increased from 2.672 billion USD to 2.705 billion USD.

Litecoin’s 20 days MA stands at $42.41, and it’s 50 days MA is now at $42.27. The coin is currently being traded at $42.38, which is 0.26% more and 0.07% less than the 50 days and 20 days moving averages, respectively. As per both moving averages and current trend, Litecoin is likely to have an upside momentum in the next few days and it may find the next halt at the resistance of $42.83.

Litecoin (LTC)Resistance and Support levels
1st Resistance$42.83
2nd Resistance$43.69
3rd Resistance$45.13
1st Support$40.53
2nd Support$39.09
3rd Support$38.23
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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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