- Litecoin (LTC) price registers another day with a moderate movement.
- The traders are eyeing for an upsurge in Litecoin.
Litecoin spent an amazing 2019. The first half of the year spotted Litecoin outperforming Bitcoin in the market. The upsurge gave outstanding returns to the traders. The situation turned south from the third quarter and the same continued till the last.
The ongoing year holds high expectations from the coin. The traders interested in Litecoin might have to wait some time. The upsurge is destined and the same would arrive soon. The opening of the year has been sluggish, but the coming days would give the expected result.
Litecoin Struggles to Hold Support
Litecoin began 2020 with a drop. The price counters moved from $41.4 to $41.2 by 0.85%. The price improved and touched $41.9 by 1.77%. The coin slipped to $41.5 by 1%. The price improved to $42.05 but later dropped to $41.6. The currency escalated and touched $42.19 and further slipped to $41.72. The closing hours brought the currency to $41.4 by 0.68%. The coin closed the day at $41.8 by 0.25%. Today, the opening hour had a slight upsurge that brought the price to $41.8 from $41.7 by 0.25%. The currency slipped to $41.2 by 1.48%. The coin jumped to $41.69 by 1.20%.
Litecoin is currently at $41.6. The currency would any moment breach the immediate support level at $41.44. The coin might slip to the next support level at $40.87 by the end of the day. The intraday traders are speculated to bear the loss with Litecoin.
| Resistance Level | Price | Support Level | Price |
| R1 | $ 42.44 | S1 | $ 41.44 |
| R2 | $ 42.87 | S2 | $ 40.87 |
| R3 | $ 43.44 | S3 | $ 40.44 |
The currency is said to be the biggest competition of Bitcoin in the future. The coin is speculated to give flourish results to the traders in some time. As per Litecoin Forecast, the coin is recommended the long term traders. The same would bring colossal to the investors.
