- Litecoin LTC Price Crosses the $60 Mark for the First Time In a While
- What is the Litecoin LTC Price Prediction For 2020? Will LTC Continue to Rise?
Litecoin News Today – After the Litecoin halving price prediction failed and the Litecoin summit in 2019 didn’t do much to increase the price of Litecoin LTC, many investors sold their holdings and moved on to other investments. Toward the end of 2018, the price of Litecoin LTC bottomed out as low as $23 after which it started rising again. This was when many analysts came up with the Litecoin halving price predictions. They said that the price of Litecoin will rise significantly before and after the halving event and the Litecoin summit.
Litecoin LTC Price Crosses the $60 Mark for the First Time In a While
Litecoin News Today – The price of Litecoin managed to reach $100 sometime in 2019 after which it started to decline again. Two days ago, on Tuesday, the price of Litecoin LTC managed to move above the $60 resistance which it has held since then. It moved from the $53 support level to $61 during an altcoin rally that kick-started with Cardano ADA on Tuesday. Since then, the price of Litecoin has been trading above the 9 and 21 day moving averages.
Yesterday, the price of Litecoin corrected lower below the $60 level where the bulls picked up the momentum again. Keep in mind that bringing the resistance at $60 was a big deal for Litecoin as this resistance level has been preventing significant growth for a while now. There is a high chance that the bulls will keep their control in the days to come.
Litecoin (LTC) Price Today – LTC / USD
What is the Litecoin LTC Price Prediction For 2020? Will LTC Continue to Rise?
Litecoin may be struggling now but the tides can change for LTC within the twinkle of an eye. You’ll recall that after hitting a bottom, LTC rose by over 400% before the bears started to push the price lower again. Right now, there are resistance levels at $62, and $66. If the price of Litecoin can rise above the resistance at $66, it will record even more gains to the next resistance at $70. On the other hand, if the price is unable to surge above that level, the key support is at $60 falling too low below $60 will make the price of Litecoin LTC retest the support at $53.
At the time of writing, Litecoin LTC was trading at $61.43. This means that it was up by 1.02% against the USD and up by 0 74% against the price of BTC. The trading volume over a 24 hour period is $3,929,700,761 and the market capitalization is $3,929,700,761.
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.