Litecoin price is buying and selling inside a decent vary after declining from Monday’s excessive. In response to CoinMarketCap, its market cap has dropped by 3.51% to $9.75 billion. Compared, the worldwide crypto market cap is down by 3.35% from the earlier session. It stays beneath the essential stage of $2 trillion at its present $1.87 trillion.
Litecoin worth will seemingly stay beneath $160 after dropping beneath that stage on Friday. This thesis is based on the truth that worry continues to be the important thing emotion driving the crypto market.
Litecoin worth 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 worth 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 shifting averages. It would seemingly commerce inside a decent 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 stage to look out for is 156.40. On the decrease facet, 140 will seemingly be the important thing assist stage within the quick time period.