Litecoin technical analysis: LTC/USD sitting on critical weekly support at $42

  • Litecoin price is trading in the red in the session by some 0.50%. 
  • LTC/USD is having some trouble near-term finding a bottom, 25 November low eyed for support. 
  • The price is running towards its fourth consecutive session in the red. 


LTC/USD weekly chart

The price is running towards its fifth consecutive week in the red, following a critical bearish flag breakout. 

LTC/USD daily chart

There is a possibility of a double bottom if the price can catch support at the 25 November low, $42.


Spot rate:                 43.69

Relative change:      -1.20%

High:                         44.07

Low:                          42.84



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

Two healthy support levels are keeping BTC/USD above $9,000

After three immensely bullish days, the bears stepped back in to correct the BTC/USD market. This Tuesday, the buyers spiked BTC/USD from $8,890 to $9,401, before the bears adjusted the price to $9,330.45 in the early hours of Wednesday.

More Bitcoin News

Ethereum Classic Price Analysis: ETC/USD breaks past $11.50-level

ETC/USD charted four straight bullish days to go up from $8.44 to $11.65, going past the $11.50-level, in the process. The last time ETC/USD was trending around this level was back in September 2018.

More Ethereum Classic News

XRP/USD zooms above $0.24, breakout or bull trap?

Ripple price is sitting above the critical $0.24 following a surprise move the bulls made on the bears on Wednesday. The crypto has remained relatively bullish since the beginning of the week. 

More Ripple News

LTC/USD sustains gains within a rising channel, jumps above $60

Litecoin is among the cryptocurrencies struggling to sustain the gains accrued during the Asian session on Wednesday. The price zoomed past the $60 resistance towards the end of the Asian session on Tuesday. However, the momentum to the north ...

More Litecoin News


Bitcoin Weekly Forecast: Bitcoin bulls and bear fight gets a tougher edge

The cryptocurrency market started the downside correction after a strong rally initiated by risk reversal play at the beginning of January and reinforced by various altcoin pumps...

Read the weekly forecast