Litecoin has started the second month of the first quarter with an amazing upsurge. The coin has breached 90-days high twice in 24 hours. The possibility of the upcoming price rally is ripe. The traders of LTC are speculated to register flourishing results in the future. The intraday movement is exhibiting a dramatic movement.
LTC/USD Price Chart:
Yesterday, Litecoin price was at $72.75 during the opening time. Within the first few minutes, the price dropped to $70.90 by 2.40% fall. The currency improved and escalated to $72 by a marginal hike at 02:14 UTC. Later, the coin traded at the same level for a while, and then, it marked a steep hike and touched $74. From this level, it dribbled to $72.72 by 1.83% at 08:02 UTC. After this price drop, the momentum of the LTC improved from there and touched $74.98 at 13:14 UTC.
Further, Litecoin price dropped to $71.08 by a huge fall of 5.22%. The coin marked improvement in the next hour and jumped to $74.26 by 4.47%. The closing period exhibited pullback pressure in LTC. The price touched $72.647 by 2.24%. Then, the currency price recovered and jumped to $73.49 and closed the day. The intraday movement in the coin reflected a 1.16% progression in the coin.
Today, Litecoin price escalated to $75.33 during the opening hour. The currency dribbled to $73 at 03:15 UTC. Thereafter, LTC price was spotted locked at the same level and is currently at $73.67. The MACD and Signal lines have intertwined and look like the current trend would remain the same. However, there is a chance for Litecoin to violate the next resistance level at $75.
R1: $75, R2: $76.6 and R3: $78.55
S1: $71.45, S2: $69.5 and S3: $67.9