Litecoin price is slowly bullish again after the massive correction that started yesterday. Litecoin price has been in a bearish trend and is now slowly setting a higher high at $157.5. The price is currently holding above the $156 level and is likely to continue to move higher. If LTC breaks the $160 level, we expect a major breakout. A break above the $165 resistance and the 100 simple moving average (4-hours) could drive LTC price to $170.
Litecoin is one of the most discussed cryptocurrencies in the world. After all, it’s the very first altcoin to hit the market, and it has remained one of the most popular coins for a while now. But one has to wonder what has kept the coin afloat in the last year.
Litecoin Price Analysis: LTC slowly sets a higher high at $157.5, reversal to follow? Even though litecoin price continues to see a slow grind higher over the past few days, it still remains in clear downtrends. And that’s not all, as the crypto markets are showing further signs of weakness.. Read more about litecoin price prediction 2025 and let us know what you think.
- Earlier this week, LTC made a higher local low over $135.
- Overnight, LTC/USD continued to rise.
- The price of Litecoin is expected to retrace later today.
Litecoin price analysis is negative for today, as bulls have grown tired after a fresh higher high was reached over $150 earlier this week. As a result, we anticipate LTC/USD to retrace some of today’s gains and aim for a new higher bottom early next week.
Heat map of cryptocurrencies. Coin360 is the source of this information.
After a big rise yesterday, the cryptocurrency market has been trading with mixed outcomes over the past 24 hours. Bitcoin, the market leader, is up 1.41 percent, while Ethereum is up 0.83 percent, and the most of the leading altcoins are down. With a gain of 13.6 percent, Dogecoin (DOGE) is one among the top performers.
Price trend of Litecoin in the past 24 hours: Litecoin encounters resistance below $157.5.
Over the past 24 hours, LTC/USD has moved in a range of $149.62 to $157.44, showing moderate volatility. The overall trading volume has risen by 6.65% to $2 billion. Meanwhile, the entire market value of the cryptocurrency is approximately $10.2 billion, putting it in 15th position worldwide.
4-hour chart of LTC/USD: Is LTC due for a retracement?
The Litecoin price failed to hit new highs overnight on the 4-hour chart, suggesting an impending correction.
4-hour chart of LTC/USD. TradingView is the source of this information.
Over the last several weeks, the price of Litecoin has been trading with a strong positive trend. LTC/USD began to recover after setting a strong swing low around $105, testing the last big swing high around $150 on August 1st.
LTC/USD made another significant higher bottom over $135 after a several-day pullback and surged higher from there. Yesterday, the price of Litecoin broke over the $150 barrier level and climbed to $157.5.
However, additional gains were unable to be made, and Litecoin began to consolidate below the $157.5 barrier, signaling a potential reversal. This price movement suggests that Litecoin will reverse later today and attempt to make a new higher low early next week. After that, LTC/USD should continue to rise in line with the present bullish trend and hit new highs.
Conclusion on the Price of Litecoin
For the next 24 hours, the Litecoin price analysis is negative, as no additional upside was anticipated after a new higher high was established around $157.5. As a result, we believe LTC/USD will need to retrace and make a new higher bottom before further gains can be anticipated.
Read our articles on Bitcoin Futures, Physical Bitcoin, and Proof of Stake versus Proof of Work while you wait for Litecoin to go forward.
Disclaimer: The material on this website is not intended to be trading advice, and.com assumes no responsibility for any investments made as a result of the information on this page. Before making any financial choices, we highly advise doing independent research and/or consulting with a competent expert.
As Litecoin continues to rise, the picture looks relatively simple: the currency is on the rise thanks to two main factors, which include the increasing Litecoin price and the in-demand volumes of Litecoin trading. It has been a good year for Litecoin, with the price rising by about 150% and the trading volume rising to over $200M in the past six months. The Litecoin price, which at the time of writing is at $157.50, is likely to rise even further.. Read more about ltc price chart history and let us know what you think.
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