Litecoin Price Analysis: LTC/USD Turns Bullish; Eyeing to Cross $44

 Litecoin Price Analysis: LTC/USD Turns Bullish; Eyeing to Cross $44

Litecoin (LTC) continues to maintain its stable upward momentum through the bearish volatility is still going strong in the crypto market. It has to be seen whether LTC can continue this positive trend well into the short-term. The price trend of the past 24 hours has also been positive for the currency, with the price fluctuating in the range between $41 – $46.

LTC/USD Price Chart

Litecoin (LTC) Price News

Since the last two days, Litecoin price continued to trade around $46, but yesterday, it registered a sudden price fall to $42 mark and continued even below further. Yesterday, the coin started on a high note at $46.37 at 00:56 UTC. Due to the continual bearish pressure, the price of Litecoin slid down to $42.27 by 8.85% fall at 8:02 UTC. However, after this fall, LTC managed to register a moderate hike to the extent of 1.76% at 10:54 UTC, and the price touched $43.03.

Further, at 15:32 UTC, the price fell again and reached the lowest of 24 hours period at $41.45, but from this price point, the coin continued to fight back and again went on an upward swing at 19:32 UTC. Litecoin price reached a high of $42.74 with a 3.04% hike. Then, bears managed to push the price down at the end of the day to $42.04. This did not deter the price of LTC from once again moving in the upper range today to $43.01, showing a rise of 2.30%.

Litecoin is now gearing itself continually for an upward momentum during the course of the year. Still, the time is too early to predict how the price momentum will be in the ensuing months due to the speculative nature of the crypto market, but all is not lost, so there is hope.


Harold Sanders

Harold Sanders is a seasoned writer with over two years of experience writing about blockchain and cryptocurrencies. Harold's passion for Litecoin bloomed in late 2016 and he hasn't looked back since. Cryptonews technological and economic implications are what interest him most.

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