Litecoin Price Analysis: Litecoin (LTC) Loses 4% In The Last 24 Hours; $68 May Become Its Next Shelter

Fibo Quantum

  • Litecoin (LTC) loses 4% in the last 24 hours following the market trend.
  • It may fall to the next support at 68 USD soon.

The whole crypto market was under pressure yesterday, and Litecoin is no exception to this. The coin has been down by almost 4% over the last 24 hours, and with four huge price variations, the coin has traveled from 75 USD to 70 USD in one day. Let us analyze the current details of the coin now.

Litecoin Price Statistics-

Litecoin (LTC) 22nd August 04:25 UTC
Rank 5th
ROI (Return on Investment) 1,567.16%
Coin Circulation 63,085,962 LTC
Market Cap 4,528,008,435 USD
Value in USD 71.74 USD
Value in BTC 0.00722181 BTC
24h Volume 2,882,504,585 USD

LTC to USD Price Comparison-

LTC Price Prediction
LTC Price Chart by Tradingview

Litecoin was being traded near 75 USD at the time of opening and between 02:15 UTC and 07:57 UTC; Litecoin took a plunge to 71.61 USD. After a few hours of strengthening the coin again took a downfall of 3.19%, which made the coin to be placed at 70.12 USD. It was, however, followed by a hike of 5.46% over the next seven and a half hours from 12:36 UTC and the coin started to roam around 73.95 USD. The latest swing came as a decline in the value by 3.41% which cost the coin 2.51 USD. As of now, the coin is roaming around 71 USD.

LTC Price Prediction-

Litecoin is now almost 30 USD less than the price it was targeting a few weeks ago. The coin is likely to go through price correction for more number of days, and by the end of this week, it may seek the shelter of 68 USD. The next probable resistance and support levels are listed below.

Litecoin (LTC)  
1st Resistance 75.42666667 USD
2nd Resistance 77.89333333 USD
3rd Resistance 80.31666667 USD
1st Support Level 70.53666667 USD
2nd Support Level 68.11333333 USD
3rd Support Level 65.64666667 USD