TRENDING:
EUR/USD
GBP/USD
XAU/USD
Trade War
USD/CAD
AUD/USD
Sponsored by
Login
|

Litecoin Price Analysis: LTC/USD corrects from $56.00, retains bullish bias

  • LTC/USD hit the highest level since the middle of March.
  • The coin is positioned to resume growth after a technical correction.
Litecoin Price Analysis: LTC/USD corrects from $56.00, retains bullish bias
Tanya AbrosimovaTanya AbrosimovaIndependent Analyst

Litecoin (LTC) is one of the best-performing digital assets out of top-10. In the recent 24 hours, the coin has gained over 9% and hit the area above $56.00 on Monday. At the time of writing, LTC/USD is changing hands at $53.43, moving within a short-term bullish trend amid low volatility. Currently, the coin's total market value is registered at at $3.36 billion, while its average daily trading volume is $3.31 billion. 

LTC/USD: Technical picture

Litecoin's strong recovery is driven mostly by technical factors and general market sentiments. A sustainable move above 200-day SMA at $49.67 created a strong bullish impulse and pushed the price to the highest level since Markc 13. Once the price regains ground above $56.00, the upside momentum will gain traction with the next focus on 100-week SMA on approach to $60.00.

On the downside, the local support is created by 50-week SMA at $52.00. If it is broken, the sell-off may be extended to psychological $50.00 and the above-mentioned 200-day SMA at $49.67. 

LTC/USD daily chart

Author

Tanya Abrosimova

Tanya Abrosimova

Independent Analyst

 

More from Tanya Abrosimova
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Dogecoin ticks lower as low Open Interest, funding rate weigh on buyers

Dogecoin ticks lower as low Open Interest, funding rate weigh on buyers

Dogecoin extends its decline as risk-off sentiment dominates across the crypto market. DOGE’s derivatives market remains weak amid suppressed futures Open Interest and perpetual funding rate.

Crypto Today: Bitcoin, Ethereum, XRP decline as risk-off sentiment escalates

Crypto Today: Bitcoin, Ethereum, XRP decline as risk-off sentiment escalates

Bitcoin remains under pressure, trading above the $87,000 support at the time of writing on Tuesday. Selling pressure has continued to weigh on the broader cryptocurrency market since Monday, triggering declines across altcoins, including Ethereum and Ripple.

Chainlink risks further losses in early 2026 despite the ecosystem growth

Chainlink risks further losses in early 2026 despite the ecosystem growth

Chainlink (LINK) is down 2% at press time on Tuesday, adding to a nearly 5% decline in December so far. The oracle token risks a negative close for the fourth straight month, potentially signaling a bearish start to 2026. 

Bitcoin retreats as $90,000 rejection, ETF outflows weigh on sentiment

Bitcoin retreats as $90,000 rejection, ETF outflows weigh on sentiment

Bitcoin continues to trade lower on Tuesday after failing to break the key $90,000 resistance level the previous day. US-listed spot ETFs record an outflow of $142.90 on Monday, while Strategy Inc. boosts its cash reserves to $2.19 billion.

Orange Juice Newsletter – Smart insights by real people. Every day.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.