- Litecoin price moves towards the immediate support level
- The recovery indicates stalling signs
Litecoin (LTC) registers recovery with its intraday movement. The improvement in the trading price of the coin is anticipated to have a short span. The intraday traders might experience a loss by the end of the day. The entire market is suffering currently. The volatility has created chaos in the market. The traders are eagerly waiting for recovery.
LTC is a result-yielding coin. The currency is anticipated with time. For now, let’s have a look at the intraday price movement to understand the current movement more precisely.
LTC to USD Price Analysis:
Yesterday, the coin started dealing around $53.9 when the price immediately fell to $52.9 by 1.87%. There was a major escalation spotted in the coin that took it to $55.80 by 5.30%.
Towards the end of the day, LTC price marked a loss of 1.18% as it touched $55.14.The intraday price movement marked a progression of 2.48%.
Today, LTC price opened the trading day at $55.4 while the current trading price (price at the time of penning down) is $54.1 which reflects a loss of 2.09%.
Litecoin is anticipated to recover in some time. Today, the price seems moving towards the immediate support level. The currency has a high possibility of violating the next level too. Here is the resistance and support level chart of the coin.
| Resistance Level | Price | Support Level | Price |
| R1 | $55.84 | S1 | $53.62 |
| R2 | $56.75 | S2 | $52.31 |
| R3 | $58.06 | S3 | $51.4 |
The market is anticipated to improve in the upcoming days. The same might push the price movement in LTC too. For interested traders, the currency is recommended for long-term investment. It would give the desired result And to understand this scenario, they must check Litecoin Forecast data to get price update information for upcoming years.