- Litecoin price is increased by 56.53% in the last 30 days
- LTC is approaching $78 mark as its next resistance
Litecoin has been through an overall bullish last month, and the value has been raised from $49 to $76 in this period. The total hike it has managed to fetch is 56.53%.
LTC Price Analysis
On January 11, Litecoin opened the day at $49.01, and over the next six days, it soared by 28.24% to get placed at $62.85. Then, it was followed by an 18.63% price correction that cost it 18.63% and pulled the LTC price down to $51.26 by January 24. Since then, Litecoin has been on a gaining spree, and it has formed a stable upside trendline. In the next 15 days, it gained a massive hike of 53.04%, and the bull dominated market helped the coin to touch as high as $78.45.
If we look at the last week’s price movement of LTC/USD, it was traded under a moderate downside pattern. However, in the broader picture, it still trades with positive signs. Litecoin’s current value at $76.72 is lagging behind its 50 days MA ($76.96), and it is trending above the 20 days MA ($76.55) by 0.22%. As per the current price trend, LTC is likely to sustain the bullish run and reach as high as $78 mark any time soon.
Resistance and Support levels:
R1: $78.29, R2: $79.50 and R3: $80.80
S1: $75.78, S2: $74.48 and S3: $73.27
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