The overall bullish market condition seems to have an equal impact on Litecoin as well. Over the last week, it has added a quarter of its value and touched 67.63 USD. In the medium-term, it should aim at crossing 70 USD price point comfortably.
LTC/USD Price Chart (1-Week)
On January 24, Litecoin started the day at 53.97 USD, and its first major swing happened over the next four days. By January 28, there has been an increment of 20.49%, and the price crosses 60 USD mark. Later on, January 28, Litecoin went through a small price correction phase. In 15 hours, it lost 6.52% and went from 61.16 USD to 57.17 USD. Later, between January 28 & 30, LTC managed to soar by 21.86% and touched the monthly high point of 69.67 USD.
LTC Price Prediction
Litecoin’s current price at 67.63 USD is trading below its daily short-term moving averages viz., 50 days, and 20 days. As per the Trade99’s analysts, Litecoin may see unprecedented price movements on the intraday level. Its next resistance point may fall at 72.34 USD. However, as per the current movement, it may find support below $65 mark.