- Litecoin (LTC) hovers around $57 in 24hr run
- The freeze might be signed for an upcoming surge
Litecoin was spotted breaching the 30-days high by escalating to $62. The 90-days high is at $64 and the same was anticipated to be violated in some time. The coin got caught by the pressure and slipped. The currency is anticipated to improve in the coming days. The current lock in Litecoin is considered a sign for the same.
The investors can pick Litecoin with high expectations as the future is likely to be secured. Let’s have a look at the chart for a precise understanding of Litecoin’s trend.
LTC/USD Price Chart:
Yesterday, Litecoin started dealing at $57.02. The price escalated to $58.05 by 1.83%. The price slipped to $57.04 by 1.76%. After that, the coin recovered and touched $57.95 by 1.59%. The currency slipped to $56 by 3.36%. Litecoin returned to $57.90 by 3.35% before it again slipped to $57.09 by 1.40%. The closing hour escalated to $57.66. The intraday movement in the coin reflected a 3.36% improvement in the price.
Today, Litecoin began the day with a fall. The counters moved from $57.66 to $57.16 by 0.86%. The price jumped to $59.2 by 3.60%. Recently, Litecoin dropped to $57.96 by 2.09%.
A few moments ago, Litecoin was above a key resistance level. The coin dropped and now is trading at $57. The coin might drop to the immediate support level at $56.63. However, Litecoin is still expected to improve in the coming hours.
Litecoin is speculated to give a thriving return in the future. The traders interested in Litecoin are recommended to opt for the long term investment plan.