Connect with us

Hi, what are you looking for?



Latest News and Top Headline for Litecoin LTC, January 20th, 2020

  • LTC Price Analysis – An overview
  • Litecoin Price Analysis – LTC/USD/BTC pair surges by 10%

After last week’s LTC price rally, LTC is treading carefully. A reversal towards major levels by late morning would give support to an afternoon LTC price rally. On Sunday, Litecoin declined by 2.82%, trailing after Saturday’s decline of 2.61%. Litecoin closed the week up by 11.98% to $57.57.

Litecoin (LTC) Price Today – LTC / USD


Litecoin began the new day with a bullish price trend, the coin rose to an early morning intraday high of $62.50 before reversing. Though the coin later broke the first key resistance level at $61.81 and 23.6% FIB of $62 before declining to a mid-day intraday low $55.33. The price reversal saw Litecoin decline through the first key support level at $57.33, which drove the coin to seek support at the second key support level at $55.39.

However, Litecoin broke back through the first key support level to lessen the loss on the day. LTC Price is currently down by 0.56% to $57.25. A hybrid start to the day saw Litecoin surge to an early morning high of $57.84 before declining to a low of $56.78.

Litecoin would need to smash through to $58.50 levels to support a bullish run at the first key resistance level at $61.60. Support from the whole market would be required for Litecoin to move back through $60 levels. Excluding the broad-based crypto rally, still, resistance at $60 would possibly hinder any upside on the day.

Failure to move back through to $58.50 levels would possibly see Litecoin trading in the red zone for the rest of the day. A decline back to Sunday’s low of $55.33 would bring the first key support level at $54.47 into action.

Excluding a crypto meltdown, nonetheless, Litecoin should avoid the sub-$54 levels on the day. The Major Support Level is at $54.43, while the Major Resistance Level is $61.6. The 23.6% FIB Retracement Level is at $62, while the 38.2% FIB Retracement Level is at $78, and the 62% FIB Retracement Level is at $104.

Litecoin Price Analysis – LTC/USD/BTC pair surges by 10%

LTC/BTC pair is also indicating positive profit situations with more upside on the horizon, much like the LTC/USD pair. Though, this would be even more profitable if BTC drops as LTC/BTC surges.

LTC/BTC is showing an upside of 10% similar to the one observed in the LTC/USD pair. This 10% surge would put LTC price close to the 0.007 BTC zone, at the current BTC price of $9,050. There are prospects of a 10% upside on both the LTC/USD pair and the LTC/BTC pair. There is also a prospect for higher gains if BTC price declines as LTC/USD increases. While on the LTC/USD pair, the target ranges from $72 to $78.

News Source


You May Also Like


Ripple CEO Brad Garlinghouse is adamant that Facebook’s unveiling of its Libra cryptocurrency will lead to big business for his banking software and cryptocurrency...


When thinking about investing in Ripple (XRP), the digital coin that runs on the Ripple’s payment blockchain system, traders ought to consider what function Ripple might play...


(PRLEAP.COM) Superior Coin, a global Cryptocurrency company (, announced today the unique use of it’s blockchain technology in regards to privacy, and security. With...


Many of the investors are looking for cryptocurrencies which can actually rise significantly in 2018. Most of the investors are looking at the lesser...

Copyright © 2020 Elevenews