Price Analysis

Litecoin Price Curbs Intraday Recovery; Deals Around $49.65

  • Litecoin (LTC) price indicates a negative sign amid moderate recovery

The market is indicating a bullish trend at the moment. There are some cryptocurrencies that have already recovered from yesterday’s tremendous fall and rest coins are struggling to keep up.

LTC falls on the latter category. Its price movement is not giving any positive signs of improvement. There is a possibility that intraday trading could end with a negative digit.

Yesterday, LTC price was seen touching a high at $50.47 and a low at $49.02. The volume marked was at $2,650,862,714.

Litecoin Price Prediction:

Yesterday, Litecoin price started the day at $49.60 and it slipped to $48.71 by 2.16%. The coin improved immediately and jumped to $49 from $48 by 2.50%. There was a slight downward movement in the price that brought it down to $49.33.

The price escalated by 2.37% and value reached $50.50. The currency again fell to $49.93 by 1.14% and closed the day. The intraday movement of the price booked a profit of 0.63%.

Today, LTC started the day with a regression of 1.32%; the price dropped to $49.27. Further, the coin jumped and is currently dealing at $49.89.

LTC to USD Price Chart

LTC is slowly moving towards the immediate support level. The coin is not expected to drown below the same. In case the coin improves, then the immediate resistance is marked at $50.69. Here, take a look at the resistance and support level chart.

LevelImmediateNextMajor
Resistance$50.69$51.3$52.14
Support$49.24$48.4$47.49

The traders interested in Litecoin are suggested to pick long-term investments. The short-term investment could bring profit, but it would be the expected amount. On the other hand, the long-term investment might mark a colossal profit.

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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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