Litecoin price prediction: Litecoin rejects $200 resistance, ready to move lower?

A figure of $200 for Litecoin’s all-time high (ATH) level seems like a safe one. However, we must remember the fact that the price of Litecoin is on an upward trend, and that most of the time, prices tend to break through the resistances in the trend. Litecoin’s most recent high is $189.91, and if we look at the trend from the beginning of 2018, we see that in January, a brief rally brought us within striking distance of the $200 mark, only to see the price pull back.

Litecoin is back in a bear market. The price of litecoin dropped by 19% in the last 24 hours, and the market capitalization is now $24.2 billion. After starting with a bullish trend, Litecoin has now moved into a bear market, and the price of litecoin is moving lower.

Litecoin is currently facing resistance at $200-$220. A break below $200 should be seen as a bearish sign and could lead to further decline towards $150. Litecoin is currently trading at $225.50 with a market cap of $5.77 billion.. Read more about why is litecoin not going up 2021 and let us know what you think.

Summary of the situation

  • LTC tests resistance at $200 overnight.
  • Litecoin is holding the next support at $170.
  • Nex remains at $145.

The Litecoin price outlook for today is bearish, as the market has found resistance around the $200 level and has begun to decline in recent hours. As a result, we expect Litecoin to attempt to bottom higher this weekend. Heatmap for crypto-currencies. Source: Coin360 Overall, the market has traded at significant losses over the past 24 hours. Bitcoin lost 8 percent and Ethereum lost 10.5 percent. VeChain is one of the worst performers with a loss of 16.78%. LTC/USD opened today at $194.42 after yesterday’s bearish close. A new local high was made overnight around $210, and the price of Litecoin is currently on its way down in an attempt to reach a lower level.

Litecoin price movement in the last 24 hours

The LTC/USD exchange rate was in the range of $170.58 to $208.46, indicating good volatility. Trading volume fell 9% to $4 billion. The cryptocurrency has a total market value of $11.7 billion, putting it in 14th place.

LTC/USD 4-hour chart – LTC moving towards $170

On the 4-hour chart, we can see that the price of Litecoin has fallen over the past few hours to retest previous support at $170. LTC/USD 4 hour chart. Source: TradingView Litecoin price prediction: Litecoin rejects $200 resistance, ready to move lower? Litecoin’s overall price structure remains bearish, as the market has yet to show any clear signs of turning around. In recent weeks we have seen LTC/USD drop over 70% and find support at $120. From the $120 support, Litecoin price moved towards $200 early this week, forming a slightly lower swing low. The $200 resistance level was retested overnight, causing the market to trend lower in recent hours. Support at $170 is currently keeping Litecoin from moving lower, suggesting we could see another push higher in the next 24 hours, with the next resistance at the $220 level. Once the $220 resistance is broken, the Litecoin price should begin an upward trend in the coming weeks.

Litecoin Price Forecast: Supplement

The Litecoin price outlook is bearish as the market hit resistance around the $200 level last night and initiated a downward reversal this morning. Therefore, we expect further downward movement today. If a new higher low is reached, we should see a serious reversal in the LTC/USD in the coming week. While we wait for more Litecoin price action, read our guides on Cardano, Zcash and Litecoin. Denial. The information provided does not constitute commercial advice. .com accepts no responsibility for investments made on the basis of information provided on this site. We strongly recommend that you conduct independent research and/or consult a qualified expert before making any investment decision.The cryptocurrency market has been in a freefall since the beginning of 2018. While some coins show a green recovery, others are down by over 50%, and the biggest coin is down over 90%. If the title describes your feelings at the moment, then you’re probably feeling more than a little depressed. In fact, many people would be surprised at how quickly the recent decline happened and how quickly it reversed itself back to the downside. The reason for this is that most people fail to look at the bigger picture.. Read more about litecoin price prediction end of 2021 and let us know what you think.

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