- Litecoin goes below $40 after a cut of 8.06% in one day
- The next support may come at $38.99
LTC price has reeled under the market pressure, and it has been down by 8.06% and fallen to 39.99 USD. The three major swings have pushed the Litecoin price below 40 USD and the range of the swings lies between 43.50 USD and 39.13 USD.
Litecoin News Today
The currency opened the day at 43:50 USD, and over the next 10 hours, it lost 2.32% and got placed at 42.49 USD. It was followed by a massive fall of 9.19% that cost Litecoin 3.96 USD and pushed the value to 39.13 USD, the lowest for the day. However, at 18:37 UTC, the currency started gaining and made an upward movement. Over the next 7 hours and 40 minutes, it gained 0.93 USD in value and LTC price could scale as high as 40.06 USD.
Litecoin Price Prediction
The market cap also has witnessed a decline over the last 24 hours. It was at 2.569 billion USD on December 16, and now it has been decreased to 2.561 billion USD.
Litecoin is currently being traded around 39.99 USD, and it’s 50 days MA stands at 40 USD. The 20 days MA is now at 39.95 USD. The current LTC price is 0.10% more and 0.02% less than the 50 days and 20 days moving averages, respectively. The coin may not witness any unprecedented growth in the next few days and it may find the support of 38.99 USD soon. Investors need not worry as in the medium-term, it is likely to show a bullish trend.
Resistance and Support levels
R1- $42.81, R2- $45.2, R3- $46.63
S1- $38.99, S2- $37.61, S3- $35.17