Litecoin News Today – LTC/USD Charges Upward Towards $50 – July 25th, 2020 

  • LTC/USD charged towards the $50 level 
  • LTC bulls have taken control in the early hours of the day 
  • The daily confluence detector has healthy support at $44.20

Litecoin news today – The LTC/USD pair has reportedly gone higher from $44.18 to $47.19 on the day. This was the position it attained in the early hours of today’s session as the bulls took control. The daily confluence detector for the digital asset indicates a lack of strong resistances in Litecoin’s path to as far as the $50 area. Looking at the downside, we can see that LTC/USD has healthy support at $44.20. $44.20 and the 5-day SMA, daily previous low. There is also support at weekly Fib 38.2% retracement and the 100-day SMA alongside the previous low via the 4-hour time frame.

Litecoin (LTC) Price Today – LTC / USD


Litecoin News Today – Litecoin’s Price Should Move Above $50 if the Bulls Stay in Control

If the bulls remain in control of the market, they should have the opportunity to push the LTC/USD pair above $50 which the key psychological price level. During the last 24-hours of trading beginning from July 24, the price of Litecoin started higher in bullish control. However, it eventually touched down by 1.78% at some point since the last day. This move marked the second day in a row for the digital asset to go down in the middle of bullish sentiment. The coins’ overall volume was down by 42.75% from the previous day. Although, it was up by 38.88% on the same day during the past week. Among, the top-ranking digital assets, Litecoin ended up at the number 4 position for the day. This position is based on price change relative to the last 24-hours.

Litecoin Price Prediction – Litecoin Ended a Three 4-hour Candle Positive Run in the Last 24-hours

The digital asset ended a three 4-hour candle positive movement. This move also saw the coin finish with its last 4-hour candle down by 0.74%. Coming into today’s trading session for Litecoin, we can see that the coin is now close to reaching its 20-day, 50-day and 100-day moving averages, all of which are located at $43.64, $43.63 and $44.15 respectively. There may be a key juncture among the above-mentioned timeframes. The clearest trend can be seen via the 30-day timeframe. This chart shows the price moving up. Traders will want to remember that the 14-day time frame appears to show the price LTC forming a base. Such a move could indicate that there are support and resistance positions developing behind the scenes. For a fresh vantage point, Litecoin’s price has dropped 8 times in the last 14 trading days.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.


Please enter your comment!
Please enter your name here

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