- Litecoin is down by 0.05% on the day
- The digital asset is changing hands at $43.86
- LTC/USD must avoid falling to $43.59 to support a move to $44.29
Litecoin news today – The price of Litecoin rose by 0.09% during the session on Tuesday. This minor rise in value is the follow-up of a 1.92% drop from the day earlier. Litecoin’s price ended that day’s session at $43.88. It also had a bearish start to the session on Tuesday which saw the price of Litecoin drop to an early morning low of $42.89 before it managed to find support. The coin Alps held above its first major support area at the $42.50 area, before rising to a late intraday high point of $44.00. Today the coin is slightly down and is currently in bullish territory.
Litecoin (LTC) Price Today – LTC / USD
Litecoin News Today – Litecoin is down by 0.05% on the Day
Falling short of its initial major resistance position of $45.43, the price of Litecoin eventually slipped back to the levels below $44 the position it wrapped up the day at. As of when this content was written, the price of Litecoin was reportedly down by 0.05%. It is currently changing hands at $43.86. The coin had a mixed start to the session today taking its value to an early morning high point of $44.00 before it fell back to a low of $43.78. LTC/USD left its major support and resistances untested in the early hours of the day. The price of Litecoin must avoid a fall to the $43.59 pivot area to support a move at its first major resistance at $44.29. Litecoin would need support from the broader cryptocurrency market to break back to the $44 position and above. In the absence of another rally, Litecoin’s first major resistance position would cap any upside action.
Litecoin Price Prediction – Litecoin’s Major Resistance Seats at $43.18
If the digital asset fails to avoid a fall to the $43.59 pivot area, this would bring back the initial major support position of $43.18 into play. In the absence of an extended digital currency sell-off, the price of Litecoin should avoid the areas below $42. The second major support area for LTC/USD at $42.48 should potentially limit any downside price action moving forward. Looking at the technical indicators, we can see that the LTC/USD pair found major support at the $43.18 area. Meanwhile, the resistances were found at the 23.6% fib retracement at $62 in the long-term time frame. Using the same long-term outlook the 38.2% and 62% fib at $78 and $104 hold some importance for the digital asset. At press time Litecoin had a total market cap of $2,861,479,025.