Litecoin News Today – Litecoin Price to Move Further Upward After Jumping to $44.60 – June 18th, 2020 

  • The Litecoin LTC price was up by 0.14% at $44.60 at press time
  • Litecoin LTC’s Price to Move Further Upward After Jumping to $44.60
  • LTC/USD left its major support and resistance untested earlier on 

Litecoin news today – LTC/USD rose by 0.30% on June 17 which was a follow up from the 0.23% gain it posted a day earlier. Litecoin ended June 17 at $44.02. The coin had a mixed start to the day and dropped to an early morning low of $43.43 before managing to rally to high $45.05. LTC/USD broke through its first and second major resistance at $44.27 and $44.69 before reversing on June 17. This reversal saw the coins’ price slide to a late low of $42.97 before going up to $44 and into the green region. The digital asset dropped to its first major support at $43.38 before finding support at $42.91.

Litecoin (LTC) Price Today – LTC / USD

NamePrice
litecoin
Litecoin
$82.66

Litecoin News Today – The LTC price was up by 0.14% at $44.60 at press time

At press time, Litecoin price was up by 0.14%. It is changing hands at $44.60. The coin started the day trading down to an early morning low of $43.90 before it moved back a high of $44.09. Litecoin left its major support and resistance areas untested earlier in the day. The digital asset would need to fall back to the $44 pivot area if it must make a run at $45.06. LTC/USD will need support from the rest of the market to break back to the $45 level. In the absence of a crypto rebound, LTC’s first major resistance area and the high price position from June 17 at $45.05 would likely initiate any upside action. If the coin fails to avoid a fall to $44 pivot, we could see Litecoin’s price struggle. A fall to the morning low of $43.90 would bring the $42.98 price position into play.

Litecoin price Prediction – Litecoin Price to Move Further Upward After Jumping to $44.60

Crypto analysts believe LTC/USD might see an uptrend after breaking $44.60. The RSI (Relative Strength Index) for Litecoin seats at level 87. This is an indication that LTC/USD was overbought at the time. According to Griffin, a TradingView analyst, the LTC/USD pair has been moving in sideways direction since March. The analyst even compared the action with the past price drop that took LTC down between August to November 2018. The analyst expects LTC’s price to react differently to the current sideways movement. The analyst has suggested that LTC will break $50 because its overall price action has been upwards despite the slow movement since the March drop.

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.

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