Litecoin Slumps but Remains Above the Prior Low of $70

Azeez Mustapha


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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 Slumps but Remains Above the Prior Low of $70
LTC/USD – Daily Chart

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.

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.

Litecoin Slumps but Remains Above the Prior Low of $70
LTC/USD – 4-hour Chart

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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