The price of Litecoin will require support from the broader digital asset market to breach Sunday’s high point of $42.92. In the absence of a fresh crypto rally, the initial major resistance position and Sunday’s high of $42.90 would likely cap any upward movement.
If the digital asset fails to avoid a decline back to the $42.50 pivot position, this could bring back LTC’s first major support of $42.05 into play. In the absence of an extended digital currency sell-off, the price of Litecoin should avoid the levels below $41.
The second major support position for LTC/USD of $41.44 should limit the chances of any downside.
Litecoin is currently number seven among the top ten largest digital assets with a market cap of $2,769,849,613 and a 24-hour trading volume of $1,131,556,283.
- LTC/USD begins the day still under bullish control
- Litecoin is up by 0.02% at $42.66 on the day
- LTC will need broader market support to breach $42.92
Litecoin news today – It appears the minor bullish action that sellers generated for Litecoin in recent days have extended to today. The coin has managed to begin the day trading up by 0.02% after beginning on Sunday 0.42% higher.
This 0.42% gains follow from the 1.43% gain the coin posted the day earlier which is July 18, Saturday. The price of Litecoin reportedly ended the past week down by 4.71% despite the recent bullish sentiment. The coin held the price point of $42.65 as the week closed. Today it had a mixed start despite having a minor upswing. The question is how long will this ongoing price action continue.
Litecoin News Today – Litecoin LTC is up by 0.02% at $42.66 on the Day
The price of Litecoin reached an early morning high point of $42.62 before it hit reverse. The coin fell short of its major resistance positions before sliding to a mid-afternoon intraday downtown of $41.88. The digital asset found its first major support of $41.84 before rallying to a late intraday high point of $42.92.
Litecoin came within a range of $43 which is its first major resistance area. The coin eventually eased back below $42.70. As of when this content was published, Litecoin was up by 0.02% and trading at $42.66. Today’s start was mixed as Litecoin fell to an early morning low point of $42 before striking a return to a high of $42.84. Litecoin’s price must avoid falling back to the $42.50 pivot if it wants to make a successful run at its first major resistance at $43.09.
