Litecoin Price Analysis Today: LTC Is Still In A Range Bound (Litecoin (LTC) Price Forecast June 2018)

The value of Litecoin (LTC) corrected towards the $100 level against the U.S. dollar a couple of hours ago. Litecoin tested the resistance at the $100 mark, which served as a resistance for purchasers. The digital currency may correct lower towards the $97 to $95 level, but it’s likely to remain in a range.

Litecoin Price Today: Current Price of LTC


Litecoin (LTC) is trading at $98.70 at the time of writing after an increase of 2 percent in the last twenty-four hours. The digital currency has a market cap of $5.63 billion and a trading volume of $354.56 million in the last twenty-four hours.

Litecoin Price Analysis

A minor upward movement was initiated from the swing low of $90 in the value of Litecoin against the USD. The value of Litecoin is currently above the previous resistance level at $95, and it is now facing a new resistance at the $100 mark.

Looking at the chart, the digital currency even traded over the 50 percent Fibonacci retracement level of the previous swing from the high of $108 to the low of $88. Nevertheless, the upward movement was stopped by a crucial resistance close to the $103 and the 100-hour SMA.

The 76.4 percent Fibonacci retracement level of the previous swing from the high of $108 to the low of $88 also served as a hurdle and prevented gains. As a result of this, the digital currency began a short-term downward movement and it is presently trading below the $100 mark.

On the other side, there is a new connecting bullish trendline forming support at the $96 mark on the hourly chart of Litecoin against the US dollar. If the value of the digital currency continues to head south, it will likely find support close to the $97 and $95 levels. If it goes below that, the value of the coin may perhaps test the $90.00 mark.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.


Please enter your comment!
Please enter your name here

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