Litecoin News Today – Top Headline for Litecoin LTC, December 23rd, 2019

Litecoin
  • Litecoin (LTC) garnered 6.69% overnight
  • LTC price analysis –LTC/USD

Litecoin has opened the week with an impressive price surge. Over the last 24 hours, the coin has added a massive 6.69%, and the price has risen from $39.72 to $4238. It has been through three key price change during this period. The day started with LTC trading at 39.72 USD, over the next 8 hours, the coin gained $1.40 to the value and surged the Litecoin price to $42.19. Towards the end, LTC coin displayed another growth, the coin managed to gain a surge of 1.26% and ascended to as high as $42.56.

Top Litecoin LTC Price Analysis

There has been a major surge in the market cap of Litecoin. Within a day, the market cap surged from 2.672 billion USD to 2.705 billion USD. Litecoin’s 20 days MA is currently at $42.41, and its 50 days MA is now at $42.27. The coin is currently being traded at $42.38, which is 0.26% more and 0.07% less than the 50 days and 20 days moving averages. As per both moving averages and current price trends, Litecoin is likely to experience an upside momentum in the next few days, which might seek the next support at the resistance of $42.83.

After an instant surge, LTC/USD has settled above $40.00. Going by the technical illustration, the coin may recover some ground soon. Litecoin (LTC) is the sixth-largest digital asset in the crypto sphere with the current market capitalization of $2.6 billion. Currently, it is one of the best-performing altcoins out of top10.

Since the beginning of Sunday, the LTC/USD pair has gained almost 3% and 2/5% in the last 24 hours. Currently, the LTC/USD pair is trading at $40.93. While the growth can be said to be natural, a viable move above $40.00 will enhance the short-term technical view and permit an extended correction ahead of Christmas.

As seen on the intraday chart, LTC/USD pair has recovered above SMA50 4-hour at $40.65 and hit an intraday high of $41.36. The next key resistance is established by SMA100 4-hour at $42.60, which also serves as the previous support level. Once this is settled, the upside is likely to gain momentum with the next focus on SMA200 4-hour at $45.30.

Litecoin (LTC) Price Today – LTC / USD

NamePrice
litecoin
Litecoin
$38.30

While on the downside, a viable move below $40.00 will drive the price towards $39.60 (the lower line of 4-hour Bollinger Band), and $37.00. The next support is established by the recent low of $35.98. If it is broken, the sell-off may commence snowballing towards a psychological $30.00.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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