Litecoin News Today – Litecoin LTC Price Fell by 0.40% Despite Altcoin Price Rally 

  • Litecoin price has been volatile since Sunday.
  • The LTC price dropped by 0.40% on Monday.
  • The drop on Monday followed Sundays decline.

Litecoin news today – Litecoin has kept pace with the rest of the market until it became volatile. Now a close look at the hourly chart of the LTC/USD pair shows that the price of Litecoin reportedly fell by 0.40% this past Monday. This drop followed from the 1.23% decline the coin’s value suffered on Sunday. However, the price of Litecoin ended trade that day at the $69.55 area. Tracking the rest of the digital asset market, the Litecoin price rallied to reach an early intraday high point of $72.91 before it reversed. The LTC price also came up against its first major resistance position at the $72.89 area, before it slid into a late afternoon low $68.20.

Litecoin Stayed at the $70 Area for a While Before Going Red

Litecoin News Today – While steering clear of the first important support position at $67.20, the Litecoin price struck the $70 level later in the day before it inevitably eased back into the red zone. As of when this content was published, the Litecoin price was up by 0.29% and trading at $69.75. However, a mixed start to trade on the day saw the price of Litecoin rise to reach an early morning high point of $70.46 before it fell to a new low at $69.46. The value of LTC also left the significant support and resistance positions untested early in the day. The coin’s price has been moving up and down in the last 24 hours.

How Does the Day Ahead Look for Litecoin LTC?

The Litecoin LTC price must move back to the $70.25 level if it wants to carry out another run at its first major resistance position at $72.24. Meanwhile, support from the rest of the market would be required, for the value of Litecoin to break into the $72 area once again. Barring an extended digital asset bull rally, the first major resistance position for LTC and the high price point from on Monday at $72.91 would probably limit the chances of any upside.

Litecoin (LTC) Price Today – LTC / USD

NamePrice
litecoin
Litecoin
$46.19

Finally, in the event of a fresh crypto breakout, the next major resistance position for LTC at $74.93 would probably come into play. If the LTC price fails to break back to the $70.25 level, we could see Litecoin’s value hit reverse pattern. However, a fall back to the coin’s morning low point of $69.46 would make sure that the first major support position for LTC at $67.53 will come into play. With the exception of a crypto meltdown, Litecoin must steer clear of the $67 and below as well as its second important support position at $65.51.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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