Litecoin LTC News Today – Top Headline for Litecoin LTC, January 7th, 2020

  • LTC Price Analysis – LTC price rally
  • LTC Price Prediction – what the coming days hold for the coin

On Monday, LTC rallied by 5.80%, after the 1.36% increment on Sunday, LTC closed the day at $45.79. A new day began with a bullish momentum with LTC rallying from an early morning intraday low $43.12 to a late morning high $45.25. Avoiding the key support level, LTC broke through the first key resistance level at $44.33. LTC was up by 45.73 on Monday, which was the largest one-day percentage gain since January 6. The surge pushed LTC’s market cap up to $$2.888B, which is 1.39% of the overall cryptocurrency market cap. At its highest, Litecoin’s market cap was at $14.099B. In the previous twenty-four hours, LTC traded in a range of $43.316 to $81.203.

Litecoin (LTC) Price Today – LTC / USD

NamePrice
litecoin
Litecoin
$38.00

In the past seven days, Litecoin has faced a substantial surge in value, as it gained 5.88%. The volume of Litecoin traded in the twenty-four hours was $3.231B, which is 4.10% of the overall volume of all cryptocurrencies. In the past 7 days, it has traded in a range of $38.9723 to $81.2033. At its current price, LTC is still down at 99.98% from its all-time high of $421,092.53 set on December 27, 2019.

Reaching the second key resistance level at $45.37, LTC declined to sub-$44 levels before hitting a late intraday high at $46.18. LTC broke through the first major resistance level and the second major resistance level at $45.37. Though unable to retain the $46 levels, LTC steers clear of a reversal via the second key resistance later.

LTC Price Prediction – what the coming days hold for the coin

Litecoin is currently up by 0.02% to $45.80, a bullish start to the day saw LTC surge from an early morning low of $45.25 to a high of $46.21. LTC existed the key support level and resistance levels untested.

For Litecoin to sustain its bullish momentum, it would need to revert to $46 levels to support a run at the first key resistance level at $46.94. LTC would need the support of the wider market to break out from the morning high $4621 and Monday’s high of $46.18.

Hindering a crypto rally, though, the first key resistance level and Sunday’s high of $44.51 would probably cap any upside. If the coin fails to revert to $46 levels, it could see the coin through a decline back into the bearish zone. A decline through the morning low to sub-$45 levels would bring the first key support levels at $43.88 into play. While hindering an extended sell-off, LTC should avoid the sub-$42 levels. The second key support level at $41.97 should restrain any downside. The major support levels are at $43.88, while the major resistance level is $46.94.

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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