Litecoin price is buying and selling inside a good vary after declining from Monday’s excessive. In line with CoinMarketCap, its market cap has dropped by 3.51% to $9.75 billion. As compared, the worldwide crypto market cap is down by 3.35% from the earlier session. It stays beneath the essential degree of $2 trillion at its present $1.87 trillion.
Litecoin value will possible stay beneath $160 after dropping beneath that degree on Friday. This thesis is based on the truth that concern continues to be the important thing emotion driving the crypto market.
Litecoin value prediction
As September involves an finish, LTC is about 12.32% decrease than the place it was at first of the month. On the similar time, it has declined by 37.38% since hitting its four-month excessive of 236.76 in mid-September.
On the time of writing, Litecoin value was up by 2.06% at 148.05. It has been buying and selling sideways on Tuesday’s session after dropping from Monday’s excessive of 155.24.
On a three-hour chart, it’s buying and selling barely beneath the 25 and 50-day exponential transferring averages. It is going to possible commerce inside a good vary of between final week’s low of 141.66 and alongside the 25-day EMA at 150.18.
Above the horizontal channel’s higher border, the resistance degree to look out for is 156.40. On the decrease facet, 140 will possible be the important thing help degree within the quick time period.