Litecoin has performed marvelously in the first and the second quarter of 2019. LTC price started dropping from the third quarter and couldn’t revive from the same. The currency was reflecting sluggish movement from the last two days, but it looks like the improvement in the coin has begun. Intraday trading is likely to be favorable for the traders. Thus, investors can dig-in with a high prospect of profit.
Yesterday, LTC started dealing at $41.73. The price slipped to $41.228 by 1.22% fall. The currency improved to $41.674 by 1.08%. The price slipped to $41.18 by 1.32%. Litecoin price dropped to $39.523 by 4.01%. The closing hours locked the price around $39.50. The intraday movement in the LTC reflected a 5.37% regression in the price. Today, Litecoin began the day with a drop. The currency fell to $39.01 from $39.50 by 1.25% fall. The coin price jumped to $39.836 by 2.05%. After that, the Litecoin price jumped to $41.075 by 3.09%. Then, the coin hanged around $40.5 for some time. LTC price escalated to $42.13 from $40.50 by 4.02%.
Litecoin is currently trading at $41.896. The coin is trading around its immediate resistance level. As per the trend noticed, the next resistance at $42.99 level might breach in the coming hours. The major resistance level at $43.86 is likely to be violated by the end of the day.
LTC is likely to give a favorable return to long-term investors. The short-term investment might bear risk; hence, we haven’t suggested the same.