- Litecoin failed to break the $43.01 point
- At press time LTC/USD was up by 0.49%
- The coin is currently changing hands at $42.77
Litecoin news today – Today, just like the past few days before it has been a mixed start for digital assets. The major tokens have struggled in one of the worst markets in history. The bulk of digital assets including LTC have failed to break through their pivot areas. Hence, they couldn’t bring any key support back into play after the most recent sell-off. The number seven digital asset by market cap, Litecoin dropped by 3.62% on Wednesday, June 24. This was after the digital asset had already dropped by 0.45% the day earlier (June 23). On Tuesday, the price of Litecoin ended trading at the $42.56 area. Let us see more on how LTC/USD performed in the last 24-hours and so far this week.
Litecoin (LTC) Price Today – LTC / USD
Litecoin LTC News Today – At Press Time LTC/USD Was up By 0.49%
Litecoin had a bullish start to June 24, which saw it rally to reach a mid-morning intraday high position at $44.60 after which it went on a reversal. The price of Litecoin broke its first major resistance position at $44.45 before it tumbled to post a mid-afternoon intraday low of $42.00. This sell-off saw the Litecoin price drop to a major support area for the day before it began to trade steadily. Despite posting a partial recovery on the day, the LTC price failed to break its third major support position at $43.01. As of when this content was written, the price of Litecoin was trading up by 0.49% at $42.77 after a minor rally. A mixed start to today saw the Litecoin price fall to an early morning low point of $42.38 before it went higher to $42.79. The digital asset left its major support and resistances untested in the early hours of the day.
Litecoin Price Prediction – Litecoin’s Price Must Break $43 to Attempt a Run Upwards
Litecoin must reach $43.0 to facilitate a run at its first major resistance at $44.01. It will need support from the rest of the market to break the $44 area. In the absence of another rally, LTC’s first major resistance of $44.45 would cap any upside. If the coin falls to move past $43.0, it could struggle. A drop to Wednesday’s low of $42.00 would bring LTC’s first major support of $41.56 into play. In the absence of a fresh sell-off, LTC should steer clear of levels below $40. The coins’ second major support at $40.55 should halt any downward action. The technical indicators for LTC/USD show that the coin found major support at $41.56 and its major resistance position at $44.01.