Litecoin (LTC) price analysis: LTC/USD Prices slightly Down

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Ritika Sharma
Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.

At the time of writing this article Litecoin (LTC) was trading at $68.7 against the United States dollar (USD). The coin was showing downward and negative fall of – 0.334 percent in the Crypto market. The market cap of the coin was $4.31 million United States dollar (USD) and the market supply of the coin was $62.8 million United States dollar (USD).

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Litecoin (LTC) is facing the current resistance levels of $69.8, $70.7 and $71.6 respectively against the United States dollar (USD) and the current support levels faced by the coin are $68.02, $67.06 and $66.2 respectively against the United States dollar (USD).

The week highest of the coin was around $72.7 against the United States dollar (USD) and now the coin has by four dollars from the week highest level. Litecoin (LTC) has fallen by -1.4 percent last month and reached the present value in which it is trending now.

Litecoin (LTC) was trading at around dollar hundred against the United States dollar (USD) and it was trying to move beyond that mark as well. But as the whole market suffered the coin also felt the effect from this and fell. Litecoin (LTC) still has the potential as it’s medium-term is still bullish. It is believed that the coin will gain stability before the end of this year and may continue this stability.

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