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Litecoin price (LTC/USD)
The price of the Litecoin (LTC / USD) tried to keep above $ 60 a monday after experiencing significant losses over the past few sessions.
Litecoin’s recent losses took place on Friday afternoon. With the digital currency rising to 64.42, the three-week high, the digital currency has lost its loss.
The coin session ended at $ 61.90 and fell below $ 60 on Saturday’s session. However, the medallion returned in the afternoon and finished the session at $ 61.61.
During the Sunday session, Litecoin continued to struggle while prices fluctuated. The $ 60 support, however, allowed the LTC to recover and alleviate its losses during the day, even if it was late. Litecoin opened on Sunday at $ 61.14, only slightly below the $ 61.63 opening level.
Market activity remained strong in today’s action-packed session. Recent data shows that the 45-million-dollar LTC tokens have changed hands in the last 45 hours. In particular, a trade volume ($ 77.3 million) produced on the DOBI Trade of small crypto exchange is excluded from this figure by Coinmaketcap.
Please enter Coingecko Free Api Key to get this plugin works.In today’s trading, the Litecoin price stood at $60.01, as of 16:16 BST. The digital coin has lost 1.9% of its value in the past 24 hours.
Despite yesterday’s rebound facts, Litecoin did not gain enough speed in today’s operations. The price of the Litecoin, acting in a downward direction, has recently entered into trading and approached about $ 59.74 from $ 61. Since then, money has been able to compensate for some of its losses with a price of around $ 60, according to Coinmarketcap.
Litecoin Price:
The price of Litecoin is expected to be $ 59.00 against the US Dollar. LTC / USD should break the $ 62.00 resistance to reach the high level of $ 65.45 in the near term.
Highlights:
⦁ The price of Litecoin provides significant support in the region of US $ 58.80-59.00 (Kraken data stream).
⦁ LTC / USD has a large uptrend line with $ 60.40 support on the hourly chart.
⦁ The LTC price should remain above the $ 60.40 and $ 60.00 support levels to go higher.
After trading above $ 65.00, the price of the litecoin started a downward correction against the US dollar. The LTC / USD pair traded below the support levels of $ 64.00 and $ 62.00, supporting $ 60 support. More importantly, the LTC / USD parity has a large upward trend line with $ 60.40 on the hourly chart. If there is a downward rupture below the trend line and $ 60.00, there may be more losses in the near term below $ 58.85.
The next big support is $ 57.00 under $ 58.85. In the upward direction, there is a link bear trend line that is resistant to $ 62.00. When buyers clear their $ 62.00 resistance, more revenue can be made towards the $ 65.00 level. Nevertheless, the final fall in price has to reduce the 50% Fib recovery level from $ 65.45 to $ 62.15 ($ 58.85) and at the same time gain momentum.
