Litecoin News

Litecoin (LTC) Crosses $45 After Impressive Intraday Hike

  • Litecoin’s value has been uplifted from 44 USD to 45.93 USD over the last 24 hours
  • Investors may find the next value above $46 soon

After weeks of hefty price fluctuations, LTC/USD now seems to be leading towards a stable week. It has comfortably crossed a $45 mark with an overnight push of 3.39%.

Litecoin Price Analysis

With a gradual increment over the last seven days, Litecoin price has now gone near $46. On April 22, the price was trading around $40, and by April 27, it escalated above $45. Since then, the currency had few obstacles on its way for coping with the earlier trend. However, yesterday’s unprecedented hike seems to be a long-lasting one.

Litecoin (LTC) Price News
LTC/USD Chart By TradingView

LTC initially showed restraint on yesterday and lost 2.07% value to get placed at $43.50. However, after this moderate fall, the coin marked steady upward movement, and over the next 8 hours, the price reached $44.94 by 3.31% hike. Then, Litecoin reflected marginal decline, but later, it managed to lift its price with an impressive surge. Today, by 00:30 UTC, the LTC price gained 4.69% value and got placed at $46.20. Later, it faced slight regression again, and the price spotted at $45.93.

As the whole market is anticipating a boom as Bitcoin halving is approaching, Litecoin seems to be preparing itself to be on the front line. It has a stronghold over the market and can reach above $47 over the next few days. As of now, LTC will test its immediate resistance around $46.87. The chances of falling below $44.63 seem less as per the current momentum noticed.

Resistance and Support levels

R1: $46.87, R2: $47.71 and R3: $49.11

S1: $44.63, S2: 43.23 and S3: 42.39

Paul Jolin

Paul Jolin is an economist having experience in financial research. He joined CoinNewsSpan in 2017 and since then has been working with the team to offer best price analysis and review stories on the crypto space. He is optimistic about blockchain technology's use cases in terms of financial freedom. He also has experience as an independent trader.

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