Key Highlights
LTC price has reached the bottom price level
The crypto asset is holding above the $70 support
Litecoin (LTC) Current Statistics
The current price: $70.64
Market Capitalization: $5,933,390,207
Trading Volume: $506,099,598
Major supply zones: $100, $120, $140
Major demand zones: $80, $60, $40
Litecoin (LTC) Price Analysis June 25, 2024
Litecoin has plummeted and returned to the prior low of $70. The cryptocurrency has dropped to the bottom of the chart. The negative momentum broke through the previous low of $70 and touched a low of $67. Litecoin plummeted to its historical price of February 20, 2024.
Bulls purchased the drop, and the altcoin rallied above the critical support level of $70. However, additional declines in the cryptocurrency are unlikely as the altcoin approaches bearish exhaustion. The price of Litecoin would start to soar if it stays above the crucial support level of $70.
If the current support level is broken, Litecoin may drop below $65 or lower.
Litecoin (LTC) Technical Indicators Reading
Litecoin has dropped substantially to the bottom of the charts. The extended candlestick tails point below the crucial support at $70. These candlestick tails signal significant buying pressure at lower prices. The altcoin has a bearish crossover, reflecting the current slump.
Conclusion
Litecoin has dropped to the bottom of the chart but remains above the prior low of $70. The cryptocurrency price fell to $67 before rising again. It is bouncing above the $70 level. On the 4-hour chart, the upward correction encounters a first resistance near $71.
The soaring currency is encountering resistance above its $70 high. The prior $70 support has become a resistance level. The cryptocurrency signal is currently range-bound above the $70 support level.
You can purchase Lucky Block here. Buy LBLOCK
NOTE: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.