Price Analysis

Litecoin Shows Strength; Reaches $75 After a 1.68% Gain

  • Litecoin gains 1.68% over the last one day.
  • The next resistance may fall at 78 USD for LTC.

Litecoin (LTC) has been up by 1.68% in the last 24 hours and the value against USD is now at 75 USD. There have been four price swings in the last 24 hours. The range of the price movement rests at 77 USD to 72 USD.

Litecoin Price Analysis:

Litecoin Price Chart
LTC Price Chart by TradingView

The first swing of Litecoin starts at 00:03 UTC and over the next 4 hours and 26 minutes, it fell by 6.52% to reach 72.62 USD, the lowest point of the day. Later, it lifted its value by 6.53% and added 4.74 USD to be placed at 77.37 USD. This huge addition had a break at 74.85 USD.

The next swing was a fall of 2.95% and it took 2.29 USD away from LTC and pushed it to 75.12 USD. After the next few hours of volatility, it again took a dip of 2.46% and between 23:52 UTC and 04:09 UTC today. It lost 2.46% to reach 75.36 USD from 77.26 USD.

Litecoin’s strong fundamentals have always worked for it for realizing its long-term goals. It may face resistance at 78 USD by the end of this week. As per our prediction, the medium-term outlook of LTC is likely to be bullish.

 Resistance and Support levels –

R1- $78.94666667, R2- $80.83333333, R3- $ 83.61666667

S1- $74.27666667, S2- $71.49333333, S3- $69.60666667

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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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