- Litecoin LTC is down by 0.05% on the day
- LTC/USD was changing hands at $41.85 at press time
- If LTC avoids the $41.56 level, it could struggle all-day
Litecoin news today – Today began like yesterday as most of the digital assets in the market have been in the red. The major assets had a mixed start and Litecoin wasn’t exempted. The price of Litecoin has been slow in its recovery. The coin has struggled aside a few bursts and short rallies. Today, the coin has opened trade 0.05% down after gaining some momentum the day earlier. In any case, if the price of LTC falls to the pivot levels for today, it will likely succeed in bringing the major support positions into play. Let us see how Litecoin’s price has performed in the last 24-hours and the last few days.
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Litecoin News Today – Litecoin Ended on Monday, June 29, at $41.87
Litecoin rallied by 1.28% on Monday. It continued from the 0.71% gain it posted on Sunday. The digital asset ended the day at the $41.87 position. It had a mixed start to trade on the day. LTC/USD reached an early morning high of $41.53 before sliding to a $40.57 which is a late morning intraday low. The coin came within range of $40.47 before rallying to $42.24. The price of Litecoin broke its first significant resistance of $42.11 before correcting to the levels below $42 levels. At press time, Litecoin was trading down by 0.05%. It is now changing hands at $41.85. Litecoin reached an early morning high of $41.99 before dropping to $41.78. The digital asset left its major support and resistance untested in the early hours of the day.
Litecoin Price Prediction – How Litecoin’s Price Could Play on the Daily Chart
The price of Litecoin must avoid falling to the $41.56 pivot area of support if it wants to make a run at $42.55. $42.55 is LTC/USD’s first major resistance. The digital asset will require support from the rest of the market if it wants to break Monday’s high point of $42.24. In the absence of a fresh crypto rally, Litecoin’s initial major resistance position would cap any upside action. If the Litecoin price fails to avoid falling to the $41.56 pivot, it could see the digital asset struggle throughout the days’ session. A fall to the levels below $41 would bring LTC’s first major support of $40.88 into play. In the absence of an extended sell-off, the price of Litecoin must avoid its second major support position at $39.89. The technical structure for Litecoin shows the major support and resistance at $40.88 and $42.55 respectively via the daily chart.