Price Analysis

Litecoin (LTC) Manages to Sustain Its Position Amidst Volatility

The intraday movement in the Litecoin has not been quite impressive. If the coin improves in the later hours, the intraday can expect a positive closing. The cryptocurrencies are currently moving under huge market pressure. The traders are eyeing for improvement, but the same is likely to take some time.

Litecoin Price Prediction

Yesterday, Litecoin started dealing at $61.12. The price improved and went to $62.36 by 2.02% in the first few hours. Due to a pullback, the LTC price fell to $59.74 by 4.19%. The currency recovered later and went up to $60.79 by 1.07%. Further, the price of Litecoin dropped to $59.02, and during the closing hours, the currency went to $60.38. The intraday movement in price brought 1.20% regression. Today, the coin started with a recovery of 2.71%. The counters moved from $60.38 to $62.02 by 2.71% hike. As of now, the LTC coin price fell to $61.421.

Litecoin (LTC)
LTC Chart By TradingView

Litecoin price has given some amazing result in the past. The traders are still expecting that the currency would recover soon and help them in coping up with past losses. For intraday traders, there is still some confusion regarding the movement.

The market is quite hasty, and so is the coin. LTC coin is expected to give good results in the future. However, the traders are recommended to stay put due to the heavy fluctuation in the market. The current period isn’t considered best for investment.

 

Resistance Level Price
R1$62.15
R2$63.77
R3$65.09
Support Level Price
S1$59.21
S2$57.89
S3$56.27
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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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