Trade99’s LTC Price Analysis: Litecoin Continues to Struggle

Litecoin price has been down by 0.59% over the last 24 hours, and it has now fallen to 43.67 USD. It has witnessed three major price variations in this period and the range of the swings is between 42.80 USD and 44 USD.

Litecoin Price Prediction

LTC opened the day at 43.93 USD, and over the next 8 hours and 24 minutes, it lost 1.88% to be placed at 43.10 USD by 08:26 UTC. It was followed by a 2.09% hike that added 0.90 USD to the value and pushed Litecoin price to 44 USD by 20:55 UTC. The last variation happened between 20:55 and 01:16 UTC. Over these 4 hours and 21 minutes, Litecoin lost another 0.93% value and touched 43.59 USD.

LTC’s 20 days MA stands at 43.65 USD, and it’s 50 days MA is now at 43.66 USD. The current price trend is at 43.67 USD, which is 0.022% and 0.045% more than the 50 days and 20 days moving averages, respectively. Litecoin’s next halt may come at the resistance of 44.40 USD. Investors are advised to move with caution as Litecoin price may show some sudden spikes. However, the medium-term may get bullish.

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