Litecoin price had a sluggish start to the year but then picked upstream before the bear onslaught in July again reversed fortunes for the coin. The coin has been trying hard to get out of the bearish grip and the past one-day’s movement shows the bears are in no mood to relent.
Litecoin Price Analysis
LTC price continues to be controlled by the bears, as observed by the price fluctuations of yesterday. The price of Litecoin was $41.1006 at 00:13 UTC. The bear pressure pushed the price in the downward range to $39.2215 at 9:24 UTC. Then, the coin traded upwards to the extent of 2.01% at 12:28 UTC and reached $39.9870. But at 14:42 UTC, Litecoin price again fell to $39.2696 showing a downward variation of 1.71%. Again at 18:41 UTC, the price managed to put a brave front and rose to the tune of 2.32% at $40.1851. However, by the end of the day with the bears coming back in full swing, the price went down to $39.4624. Today, LTC’s price has risen to the tune of 0.47% at $39.6473.
Litecoin price has been swaying under the bearish shadow ever since the crypto market volatility crept in July. The LTC coin has been trying hard to sustain its upward momentum, but the bear pressure is just too hard to handle. Analysts expect the coin to recover soon. Current investors need not worry about the short-term volatility that has been a hallmark of the crypto market off late as the bulls are expected to get back in full swing by early 2020.