Litecoin News Today – Litecoin LTC is Down by 0.02% in the Last Few Hours – June 8th, 2020

  • Litecoin LTC price is down by 0.02% at press time
  • The coin has continued it’s back and forth price action
  • Litecoin LTC was changing hands at $46.61 at press time

Litecoin news today – Litecoin has brought it’s back and forth price action into a new day. The digital assets’ price started the current 4-hour candle at the 46.7 level. It was down by 0.28% from its previous 4-hour candle. Relative to the other digital currencies among the top ten, Litecoin was ranked number 4 since its last 4-hour candle based on percentage price change. The price of Litecoin also fell by 0.30% at the start of trade yesterday, Sunday. This came after the coin had a flat Saturday. In the end, Litecoin finished the week trading up by 2.30% at $46.62. A mixed start to the day saw Litecoin rise to an early morning intraday high $47.00 before hitting reverse.

Litecoin (LTC) Price Today – LTC / USD

NamePrice
litecoin
Litecoin
$77.44

Litecoin Price Predictions – Litecoin Was Down by 0.02% at Press Time

Failing to reach its first major resistance point of $47.29, Litecoin’s price slid to an early afternoon low of $45.10. The price of a digital asset also fell to its first major support area at $46.12 and its second major support point at $45.57. Later in the day, the price of LTC bounced back to reach a high price of $46.98 before its eased back. As of when this content was written, the price of Litecoin was down by 0.02% and trading at $46.61. Litecoin fell to an early morning low after a mixed start at $46.48 before moving to a high of $46.76. The coin left its major support and resistance untested early on. LTC must avoid levels below $46.25 to support a move to its first major resistance at $47.38. The coin would need support from the broader market to break Sunday’s high of $47.00.

Litecoin News Today – Litecoin LTC’s Major Resistance is at $45.48

In the absence of a fresh extended crypto rally, Litecoin’s first major resistance position should limit the chances of any upside. Failure to steer clear of levels below $46.25 could see the Litecoin price struggle at the beginning of this week. A fall back to its morning low $46.48 to levels below $46.25 would bring LTC’s first major support area $45.48 into play. In the absence of an extended digital currency sell-off, the price of Litecoin should steer clear of levels below $45 and its second major support position at $44.34. Looking at the technical indicators for LTC/USD, we can see that the pair has its major support level at $45.48 and it’s major resistance position at $47.38 respectively.

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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

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