- Current Price and Market Movement
- Litecoin Price Prediction and Possible Scenarios
- LTC Trends Against Bitcoin
The Litecoin price prediction shows that LTC is recovering from the daily opening price at $66.90 as the price heads to the upside.
Current Price and Market Movement
Currently, Litecoin is priced at $66.90, has a market cap of $5.0 billion, a circulating supply of 75 million, a total supply of 84 million, and ranks #20 on Coinmarketcap. In the last 24 hours, LTC traded between $64.89 and $66.98, showcasing ongoing market interest.
Litecoin Price Prediction and Possible Scenarios
In recent days, Litecoin has been consolidating within a descending channel making lower highs and lower lows. Failure to break through the $67 resistance level could cause downward pressure. However, LTC has also formed a symmetrical triangle indicating a consolidation phase. A breakout above the channel could push the price to $75 and above, while a break below the $64 support may lead to further correction, reaching support levels at $50, $45, and $40.
LTC Trends Against Bitcoin
Against Bitcoin, the price of Litecoin is heading north, moving above the 9-day and 21-day moving averages at 1058 SAT. If the bullish trend continues, the market might reach the resistance level of 1200 SAT, while a bearish trend could push it back to the support level of 880 SAT.
Litecoin shows signs of recovery, though it remains in a consolidation phase. A breakout above the upper boundary of the channel could lead to a price rise, while a breakdown may cause further decline.
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