Litecoin Appears Bullish; Touches $77 After 6% Hike Overnight

  • Litecoin seems to have started the price recovery process and adds 6.05% overnight
  • The next resistance for the coin may come by $79

LTC has been pushed beyond a $77 price mark from $73 over the last 24 hours. The coin price is likely to grow furthermore. However, at the time of writing Litecoin price analysis, it was trading with moderate movement and likely to correct downside.

LTC/USD Price Chart

Litecoin opened the day at $73.54 on yesterday, and over the next 13 and a half hours, it faced downward correction and lost $3.32 by 4.51%. After this fall, LTC marked a sharp upward move and recorded a 12.49% hike that added $8.77 in the value by 20:47 UTC and pushed the price to $79, the highest point of the day. However, it couldn’t stay at that high for long and witnessed another deduction in the Litecoin price by 2.87% and reached $76.73.

Litecoin Price Prediction

The current price of Litecoin stands at $77.99, and it has managed decent leads over its both short-term moving averages viz., 20-days and 50-days. On the MACD scale, the signal line is standing much below the MACD line. It hints at the continuation of the upward movement in the short-term. LTC price may soon halt at the next resistance point at $79.73.

Litecoin (LTC) Resistance and Support levels
1st Resistance $79.73
2nd Resistance $82.43
3rd Resistance $86.85
1st Support $72.61
2nd Support $68.19
3rd Support $65.49
Erica Lee

Erica is a finance professional who has over a decade of experience in the finance sector as a management consultant. After years of reporting on forex, stock markets, and finance, she now contributes her strong financial skills with the CoinNewsSpan team. Since 2014, she has been deeply involved in the blockchain and cryptocurrency space. She believes that blockchain technology has tremendous potential to make our lives better.

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Erica Lee