Litecoin Price Analysis: LTC/USD technical correction to make way for bigger bulls


  • Litecoin price is trading in negative territory by 0.20% in the session on Thursday. 
  • LTC/USD has retested a critical area of support seen at $77 via the daily. 
  • A minor pullback is being observed following such a dominating run higher. 

LTC/USD daily chart

LTC/USD is flirting with a prior top area, that had contained the price from 8-11 February, acting as new support. 

LTC/USD 60-minute chart

An important near-term ascending trend line of support is keeping the price propped up and preventing a free-fall. 

 

Spot rate:               81.28

Relative change:    -0.20%

High:                        84.42

Low:                         77.25

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin whales grow in numbers amid BTC price increase

Bitcoin (BTC) recovered from the intraday low of $10,040 and moved towards $10,200. At the time of writing, BTC/USD is changing hands at $10,180 with nearly 4% of gains on a day-to-day basis. 

More Bitcoin News

XRP/USD's short-term fate hinges on $0.30

Ripple's XRP is changing hands at $0.2930.  The third-largest digital asset with the current market value of $12.6  has gained 2.3% and lost 1.8% since the beginning of the day.

More Ripple News

Litecoin Price Analysis: LTC/USD lift-off to $100 in the offing

Litecoin price managed to find support at $68 after the weekend rejection from $84. The downtrend was unstoppable below various resistance levels at $80 and $76 and $72.

More Litecoin News

ETC/USD short-term recovery capped by $10.00

Ethereum classic is now the 17th largest digital asset with the current market value of $1.1 billion and an average daily trading volume of 1.8 billion.

More Ethereum Classic News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC bulls brace for jump to $11,000

Bitcoin (BTC) has been growing for three weeks in a row. The first cryptocurrency hit $10,504 on Thursday - the highest level of 2020.

Read the weekly forecast

BTC

ETH

XRP