Price Analysis

Litecoin Takes a Blow of 2.63% and Falls to $73 Overnight

  • Litecoin falls by 2.63% over the last 24 hours to touch 73 USD.
  • The next support for LTC may come at 71 USD.

Litecoin (LTC) has been reeling under the last day’s pressure and has already lost 2.63% over the last 24 hours. The value of LTC against USD has fallen to 73 USD from 79 USD. It has shown four major price swings in this period.

LTC to USD Price Analysis:

Litecoin Price Chart
Litecoin Chart by TradingView

The first variation of LTC happened between 00:29 and 07:53 UTC and this swing added 2.47 USD and placed it at 76.72 USD. The second variation started at 12:04 UTC when it strengthened over the next 4 hours and 56 minutes, it grew by 5.24 USD to be placed at 79.94 USD, marking the highest point for the day. However, the value could not be sustained at such a high figure and later took a downward path to 72.79 USD having a break at 79.06 USD. The last variation of LTC started at 03:06 UTC and in the next 2 hours and 2 minutes, it could lift the value to 73.35 USD.

Litecoin Price Prediction:

Litecoin’s latest fall has taken it far away from its target figure of 100 USD. However, this fall may not push it for long. It may take some time but a price rally seems imminent before 2020 sets in. In the next few days, it may find the support of 71 USD.

Litecoin (LTC)Resistance and Support levels
1st Resistance$80.37
2nd Resistance$82.77
3rd Resistance$85.88
1st Support Level$74.86
2nd Support Level$71.75
3rd Support Level$69.35
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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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