- Litecoin intraday price movement seems to impress the traders
The market has been moving at a moderate speed. The month started with a volatile phase and is now posing a consistent and stable movement. The momentum is positive in the coin along with Bitcoin, Ethereum, Ripple, Litecoin, etc. The indications are all pointing towards the prosperous future in the market.
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Yesterday, the price was seen touching a high at $57.73 and a low at $55.88 marking a volume of $2,235,957,909. Now, let’s have a look at the price chart.
LTC to USD Price Analysis:
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Litecoin started trading at $65 on September 01, 2019. The price moved from $65 to $71 by 9.49%. Later, the price moved down to $64 by 9.92%. There was another upsurge that took the price back to $72.46 by 12.73%. Further, the price moved up to $80.30 by 18.89%. The currency couldn’t hold itself to the level and fell to $51. The regression marked was of 36.91%. The month suffered from 1.39% loss as it closed at $57.83. The ongoing month continued the fall and brought the price to $53. The uptrend was also marked recently which took it to $59 by 11.76%. Whereas, currently Litecoin trades around $57.
Litecoin is one of the most promising coins of the market. If we compare the volume of yesterday which was at $2,235,957,909 with today’s which is at $2,303,301,403, there is substantial improvement noted in the currency.
The calculated resistance and support level for Litecoin is as follows:
| Resistance Level | Price | Support Level | Price |
| R1 | $57.67 | S1 | $55.82 |
| R2 | $58.62 | S2 | $54.92 |
| R3 | $59.52 | S3 | $53.97 |
Litecoin is approaching to breach the immediate resistance level. It wouldn’t be a surprise if it breaks the next and major resistance level soon. And with this the intraday trading in Litecoin seems to be profitable.
However, for long-term traders, litecoin is likely to give good results as per LTC Predictions, and so they can dig-in with a high prospect of earning a huge outlay.
