Price Analysis

Litecoin Remains above $55 after a 0.43% Gain Overnight

Litecoin has shown a marginal hike over the last 24 hours, and three price swings have pushed it to sheer volatility. It has made an overall gain of 0.431%, and the swings of LTC have been in the range between 56.13 USD and 54.23 USD.

Litecoin Price Analysis:

LTC coin opened the day near 55.57 USD, and in the initial 6 hours and 39 minutes, it gained 1.01% to add 0.56 USD and reached 56.13 USD. The next variation happened over the next 6 hours and 57 minutes, and it pushed the Litecoin price to 54.23 USD by 3.38% decline. It was followed by a 3.32% hike that added 1.80 USD to the value and pushed LTC price to 56.03 USD by 01:34 UTC today.

LTC Price Chart
Litecoin Price Chart by TradingView

LTC’s market cap has also made an increment over these hours. On November 19, the market cap was 3.544 billion USD, and it has now reached as high as 3.600 billion USD.

LTC coin’s 20-day MA is at 55.89 USD, and its 50-day MA stands at 55.87 USD. The current price of Litecoin 55.81 USD is below both the moving averages.

Litecoin (LTC)Resistance and Support levels
1st Resistance$57.16
2nd Resistance$58.7
3rd Resistance$59.81
1st Support$54.51
2nd Support$53.4
3rd Support$51.86
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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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