- Litecoin price is in positive territory after gaining 0.60%.
- The bulls have retaken control for the LTC/USD pair.
- There is a barrier from $60-$65, which is preventing a move upwards.
Litecoin News Today – the price of Litecoin has staged a recovery from January 20. This trend has continued to January 21. The bulls have retaken control for the LTC/USD pair. The market bulls for LTC/USD have rounded up a fourth consecutive closure in the green this week. The price of LTC has run from the $39 area up to the $63 region (which was last week’s high point). This rise has continued even though Litecoin dropped by 0.76% on January 20. This fall came after Litecoin price experienced a 2.28% fall the day before. The price of Litecoin ended trade at $57.10 on that day.
Litecoin Price Found Support at $54.43 After Dropping from $55.71
Litecoin News Today – in the last 24 hours, Litecoin began trade day in a bearish note which took its price to an intraday low at the $55.71 level. The price of the digital asset eventually found support at $54.43. After reaching support, it began another surge to reach a high of $58 with relative ease. Falling well below its first major resistance price level at $61.60, the value of Litecoin eased its way back to the $57 level. Now the coin’s price is in positive territory after gaining 0.60% at $63 in the last 24 hours. It has been an uneven journey for the coin with volatility hitting trade activities since the last week. When this report was published the price of Litecoin was up by 0.60%. The price of the coin beat its previous high point of $61.60 to reach a new high of $63 at press time.
Litecoin (LTC) Price Today – LTC / USD
The price of Litecoin must steer clear of the levels underneath $57.00 if it has to support a run towards $58.29 level the first major resistance area. With support from the rest of the market, the Litecoin price would stay away from the $58 levels for good. The original major resistance point and Monday’s high level of $58.19 would limit any chance of an upward move. Looking at the shape of the technical indicators for the LTC/USD pair, we can expect the next possible major support position for Litecoin to fall at $55.81. The next major resistance point should be at the $58.29 area. The Fibonacci retracement position off the last drop at $62, $78, and $104 will be the possible resistance levels.