The Litecoin price movement is quite impressive from the last few days. The altcoins are reportedly affected by the pullback pressure, but LTC has kept it going. The surge in the price is reportedly a sign for the future upsurge.
The intraday trading would bring positive digits to the traders. The possibility of reversing the current trend is likely to be thin. The traders can dig-in with the high prospect.
As per the current price trend, the coin has marked escalation. Yesterday, Litecoin started dealing at $45.84 with the movement being volatile. The currency jumped to $46.06 by a marginal hike of 0.48%. Then, the price slipped to $44.75 by 2.81% drop. The LTC price escalated to $45.67 by 2.07% and then it dropped to $44.62 by 2.33%. The price escalated to $46.63 by 4.53%. The closing hour brought the Litecoin price to $46.34 by 0.65%. The intraday movement in the coin reflected 1.07% progression.
Today, Litecoin started the day with an upsurge. The price counters moved from $46.34 to $48.42 by a moderate hike of 4.50%. Then, the price slipped to $47.35 by 2.25%. The currency improved and touched $48.16 by 1.71%.
Litecoin has breached the immediate resistance level at $47.28 and is currently dealing at $47.41. The chances of violating the next resistance level at $48.14 are quite high.
It won’t be surprising if LTC crosses the major resistance level at $49.42 by the end of the day. The interested traders of the coin are recommended to opt for long-term investment.