Litecoin Price Analysis: LTC Broke the Critical Support Level at $107 (Litecoin (LTC) Technical Price Analysis Today)

You have not selected any currencies to display

The digital currency market is tumbling, and its total market cap is down from about $380 billion (as at May 22) to $265 billion. This indicates that there has been a pick in the selling momentum.

After a very long downward movement, sharp falls means that the investors are gripped by panic and they are just selling off at any given level. This appears to be the state of the digital currency market at the moment.

Litecoin Price Today: Current Price of LTC


At the time of writing, Litecoin (LTC) is sitting at the number 6 spot on the list of most valuable digital currencies in the world based on market cap. The digital currency is currently trading at $96.6 after a decrease of 1.7 percent in the last twenty-four hours and 21 percent in the last seven days.

SEE ALSO:   Cryptocurrency Ratings: Ethereum and EOS (B), Steem, Neo and Cardano (B-), Bitcoin, Dash and Litecoin (C+), Monero and Ripple (C), Bitcoin Cash (C-) / Digital Currency Ratings -Sat Jun 23

The digital currency has a market cap of $5.48 billion, and the total trading volume of Litecoin (LTC) in the last twenty-four hours is $373.26 million. Litecoin is one of the best performing digital currencies in the market, but its values were affected by the recent bears in the market.

Litecoin (LTC) Price Analysis

Litecoin (LTC) broke its critical support level at $107 and the 12th of June, and this completes the bearish downward triangle pattern. The pattern targets of this downward movement are off the chart of the digital currency, hence, traders are required to take it one step at a time.

SEE ALSO:   Lisk price predictions 2018: The future looks quite bright for the cryptocurrency - USD / Lisk price analysis - LSK / Lisk Coin Price Today-Sat Jun 23

The present support line of the digital currency is at $84.7 and beneath this, the next support level will be at $75. It is not easy to predict which of these support lines will hold. The relative sales index is currently in the oversold zone; hence, it is possible for the digital currency to recover in a short time.


Legal Disclaimer: The content of this website ( is intended to convey general information only. This website does not provide legal, investment, tax, etc advice. You should not treat any information on as a call to make any particular decision regarding cryptocurrency usage, legal matters, investments, taxes, cryptocurrency mining, exchange usage, wallet usage, initial coin offerings (ICO), etc. We strongly suggest seeking advice from your own financial, investment, tax, or legal adviser. Neither nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from

SEE ALSO:   Litecoin price predictions 2018: Litecoin seems to be on the rise! - Litecoin forecast news-Sat Jun 23

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get Smart About Crypto!

Promise we won’t spam you!

We Are Hiring

Click here if you would like to join one of the fastest growing blockchain news companies in the world!