Litecoin Price Analysis: Litecoin (LTC) Gains 1.37% & Touches $75

Fibo Quantum

  • Litecoin has gained 1.37% in the last 1 day, and it has gone beyond $75.
  • The next resistance for the LTC price is likely to come at $76.29.

Litecoin price has finally touched the sweet point of 75 USD after a 1.37% growth over the last 24 hours. The Litecoin has been through four phases of price variations against USD, and it has fallen to as low as 70 USD in this period. Before analyzing those variations, let us first see the current data of LTC.

Litecoin Current Statistics

Litecoin 26th August 02:51 UTC
Rank 5th
ROI (Return on Investment) 1,627.22%
Coin Circulation 63,114,174 LTC
Market Cap $4,689,978,607
Litecoin Value in USD $75.13
Value in BTC 0.00713216 BTC
24h Volume $2,550,589,336

Price Chart of LTC to USD by TradingView

LTC Price Chart
LTC Price Chart by TradingView

Litecoin’s first price swing was a gradual one, and it happened between 00:09 UTC and 06:46 UTC. This fall of 1.42% cost the coin $1.05 and dragged the coin from $73.59 to $72.54. It was followed by a steep hike in the value against USD and adding $2.31 took the LTC price to $74.58 by 10:35 UTC. The third swing took away a large chunk from the value with the help of a 5.57% dip in the price. The Litecoin value lost $4.17, and it was made to be placed at $70.70, the lowest point of the day. However, towards the closing of the day, Litecoin gets strengthened, and with the help of a 6.62% raise, the coin could reach at $75.38 by 00:31 UTC of today.

LTC Price Prediction

Litecoin’s recent touching of 75 USD hints at probable bullish growth in the coming days. The hikes may not be sudden and steep; it is likely to be gradual. The medium-term of the coin seems bullish, and it is likely to bring about a bullish run before this year ends. The details of the resistance and support levels are as follows.

Litecoin Resistance & Support Levels
1st Resistance $74.30333333
2nd Resistance $76.29666667
3rd Resistance $77.86333333
1st Support Level $70.74333333
2nd Support Level $69.17666667
3rd Support Level $67.18333333