Litecoin (LTC) Records Marginal Hike Since the Last Week

Will LTC cross the $60 mark in the upcoming weeks?

Litecoin has given its traders and investors all the reasons to celebrate. LTC price moved up to $124.17 in the past 90-days and as per the past performance, it may cross $80 again soon despite its sluggish price trend. All it needs is a good push in the upward direction. Currently, Litecoin faces resistance near $59 and hence, keeping a close watch on its movement is imperative now.

Litecoin Price Analysis

As on October 6, 2019, at 03:48:32 UTC, the price of LTC coin is noted to be $56.20 and it has recorded an uptrend of over 1.4% in the past 7 days moving from $55.39 to the current price. Litecoin price moved from $55.39 to as low as $52.65 and then started surging up again to move up to $57.72. It then falls and hit $53 mark but again surged back to $57.61. LTC price is expected to move past $57 by day end.

Litecoin Price Chart by TradingView

Litecoin is expected to trade between $55 and $60 this week. On the upside, it may cross $60 mark before the month-end. Inversely, if LTC fails to reach its next resistance, it may find support around $55 mark. As per the current price trend and Litecoin Prediction, it is anticipated that the coin may trade higher and may revisit its 30-Day high value of $79 by end of the year. This is the best time to plan long-term investments in Litecoin for saving for future benefits.

Resistance & Support Levels

R1: $57.55, R2: $58.26 and R3: $59.09

S1: $56.01, S2: $55.18 and S3: $54.47

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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