- Litecoin loses 6.26% value in the last 24 hours
- The next support for LTC may come at $35.86
Litecoin price was being traded at 39.90 USD at the starting of the day when it started falling. Over the next 14 hours and 14 minutes, it lost 5.09% and got placed at 37.87 USD. It was followed by a 6.31% fall that cost it 2.46 USD and pushed the LTC price to 36.51 USD by 19:45 UTC. Then, it started gaining and managed a hike of 3.42% by 01:27 UTC and scaled the price of Litecoin to as high as 37.76 USD.
Litecoin Price Analysis
There has been a significant rise in the market cap of LTC over the last 24 hours. It was at 2.360 billion USD, and over the last 24 hours, it has increased to 2.389 billion USD. It should be noted that at the initial days of December, the market cap was roaming around 3 billion USD mark and it has shown enormous volatility since then.
Litecoin’s 20 days MA stands at 37.5 USD, and it’s 50 days average is now at 37.55 USD. The current value is at 37.4 USD, which is 0.399% and 0.266% less than the 50 days MA and 20 days MA respectively.
As Litecoin price is currently trading below the shorter timeframe moving averages, it may continue weakened position over the next couple of days, and it is likely to seek the support of 35.86 USD soon.
|Litecoin (LTC)||Resistance and Support levels|