- LTC Price Analysis – An overview
- Litecoin Price Analysis – LTC/USD/BTC pair surges by 10%
After last week’s LTC price rally, LTC is treading carefully. A reversal towards major levels by late morning would give support to an afternoon LTC price rally. On Sunday, Litecoin declined by 2.82%, trailing after Saturday’s decline of 2.61%. Litecoin closed the week up by 11.98% to $57.57.
Litecoin (LTC) Price Today – LTC / USD
Litecoin began the new day with a bullish price trend, the coin rose to an early morning intraday high of $62.50 before reversing. Though the coin later broke the first key resistance level at $61.81 and 23.6% FIB of $62 before declining to a mid-day intraday low $55.33. The price reversal saw Litecoin decline through the first key support level at $57.33, which drove the coin to seek support at the second key support level at $55.39.
However, Litecoin broke back through the first key support level to lessen the loss on the day. LTC Price is currently down by 0.56% to $57.25. A hybrid start to the day saw Litecoin surge to an early morning high of $57.84 before declining to a low of $56.78.
Litecoin would need to smash through to $58.50 levels to support a bullish run at the first key resistance level at $61.60. Support from the whole market would be required for Litecoin to move back through $60 levels. Excluding the broad-based crypto rally, still, resistance at $60 would possibly hinder any upside on the day.
Failure to move back through to $58.50 levels would possibly see Litecoin trading in the red zone for the rest of the day. A decline back to Sunday’s low of $55.33 would bring the first key support level at $54.47 into action.
Excluding a crypto meltdown, nonetheless, Litecoin should avoid the sub-$54 levels on the day. The Major Support Level is at $54.43, while the Major Resistance Level is $61.6. The 23.6% FIB Retracement Level is at $62, while the 38.2% FIB Retracement Level is at $78, and the 62% FIB Retracement Level is at $104.
Litecoin Price Analysis – LTC/USD/BTC pair surges by 10%
LTC/BTC pair is also indicating positive profit situations with more upside on the horizon, much like the LTC/USD pair. Though, this would be even more profitable if BTC drops as LTC/BTC surges.
LTC/BTC is showing an upside of 10% similar to the one observed in the LTC/USD pair. This 10% surge would put LTC price close to the 0.007 BTC zone, at the current BTC price of $9,050. There are prospects of a 10% upside on both the LTC/USD pair and the LTC/BTC pair. There is also a prospect for higher gains if BTC price declines as LTC/USD increases. While on the LTC/USD pair, the target ranges from $72 to $78.