Price Analysis

Litecoin (LTC) Rallies by 4% and Jumps to $62

  • Litecoin price is exhibiting an aggregate escalation of 4% in the intraday chart

Litecoin price soars again and it looks like the coin would soon breach $64. The price movement in LTC has always been astounding except for the last couple of months which have been quite disturbing. The investors of LTC must be aware of the recovery volume in the coin. We are hopeful that once the volatility is lifted, the currency will start mounting commendably.

Here, take a look at the intraday chart of LTC.

Litecoin Price Prediction:

Yesterday, Litecoin started trading at $58.79 wherein the the first few hours remained quite moderate, but later the escalation started. The price counters moved from $58.62 to $62.43 by 6.49% and the coin kept the price tight around the same level towards the closing as well. The intraday movement in price reflected an upsurge of 4.60%.

Today, the coin started the day with an uptrend. The price went up to $63.29 but later fell to $61.12. Recently, it again jumped to $63.92. The movement is volatile but the price is reflecting a slight improvement.

Litecoin to USD Price Chart
LTC Chart by TradingView

Litecoin price was reflecting a heavy fall at the beginning of the day, but it fortunately did fell to test the immediate support level. However, the immediate resistance level has already been breached. Hence, it is likely to close with a positive digit. Here is the resistance and support level chart of LTC.

Resistance LevelPrice Support Level Price
R1$63.04S1$59.24
R2$64.51S2$56.91
R3$66.84S3$55.44

LTC is recommended for the long-term investors. The specified period would bring the maximum return to the traders.

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Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.
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