Price Analysis

Litecoin (LTC) Marks 6.71% Drop Over the Last 24 Hours

  • Litecoin breaches the $48 support and now trades around $47
  • The next support may come at $44.5

Litecoin has shown three major price swings in the last 24 hours, and over the last day, it has lost 6.71% in value. LTC coin has breached the support of 48 USD, and now it is roaming around 47 USD. The days ahead are not predicted to be on the side of investors.

Litecoin Price Analysis

LTC was being traded at 50.60 USD at the time of opening of the day, and over the next 10 hours and 38 minutes, it lost 10.36% to be placed at 45.36 USD. There was another phase of slump between 11:14 UTC & 14:10 UTC, and in these almost three hours, Litecoin lost 3.60 USD and reached 43.71 USD, the lowest for the day.  It was followed by a 7.37% hike that added 3.22 USD to the value and pushed the LTC price to 46.93 USD by 01:42 UTC today.

Litecoin’s market cap on November 22 was 3.034 billion USD, and it has been decreased to 3.012 billion USD over the last 24 hours.

Litecoin
LTC Chart By TradingView

LTC’s 20 days MA is now at 47.04 USD, and it’s 50 days MA is 46.95 USD. The current value stands at 47.20 USD is 0.34% & 0.53% more than both the moving averages, respectively. Litecoin may have to seek the support of 44.54 USD in the coming days.

Resistance and Support levels

R1- $51.04333, R2- $54.4666, R3- $57.54333

S1- $44.54333, S2- $41.46666, S3- $38.04333

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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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