- Litecoin is currently within a short-term approximately horizontal trend channel. This indicates that investors are uncertain and are waiting for further directional signals.
- The currency has broken the resistance at $63.00, suggesting further upside potential. Volume has been high at price peaks and low at price troughs, which strengthens the currency.
- The current Litecoin price is $65.26 USD, with a 24-hour trading volume of $207,521,781 USD. Litecoin (LTC) has increased by 1% in the last 24 hours.
If Litecoin (LTC) can successfully stay above the critical level of $65, there may be more upward movement ahead! Let’s dive into the current LTC price analysis!
Short-Term LTC Analysis
Litecoin is currently within a short-term approximately horizontal trend channel. This indicates that investors are uncertain and are waiting for further directional signals. An upward breakout would be a positive signal, while a downward breakout would be a negative signal. The price retreated after a potential false inverse head and shoulders formation breakout. A definite break at $66.24 would provide new positive signals for the currency, while a break on the opposite side of the formation would be a strong negative signal.
The currency is currently between the support at $64.00 and the resistance at $67.00. A definite break of either level will determine a new direction. Volume peaks and volume troughs are in good alignment with price peaks and troughs. This strengthens the currency and increases the likelihood of an upward breakout. In the short term, the currency is generally considered technically positive and is currently in a positive technical position.
Medium-Term LTC Analysis
Litecoin has broken out of the medium to long-term descending trend channel and has shown a strong upward response. It is currently difficult to determine the future trend direction. The price retreated after a potential false inverse head and shoulders formation breakout. A definite break at $66.24 would provide new positive signals for the currency, while a break on the opposite side of the formation would be a strong negative signal.
The currency has broken the resistance at $63.00, suggesting further upside potential. Volume has been high at price peaks and low at price troughs, which strengthens the currency. In the medium term, the currency is generally considered technically positive and is currently in a positive technical position.
Long-Term LTC Analysis
Litecoin has broken the base of the long-term ascending trend channel, indicating initially a weaker rate of ascent. The currency is testing the support at $65.00. It may respond positively, but falling below $65.00 could be a negative signal. In the long term, the currency is considered slightly positive from a technical perspective.
Litecoin Price
The current Litecoin price is $65.26 USD, with a 24-hour trading volume of $207,521,781 USD. Litecoin (LTC) has increased by 1% in the last 24 hours. According to the current CoinMarketCap ranking, Litecoin is ranked 15th with a market capitalization of $4,822,029,112 USD. There are 73,730,602 LTC tokens in circulation, and the maximum supply is 84,000,000 LTC tokens.
