Litecoin’s Struggle Continues; Reaches New Low below $57

• Litecoin falls below 57 USD over the last 24 hours.
• The next major resistance may come at 60 USD.

Litecoin’s dismal performance in the past few days has been the talk of the town. A few months ago, LTC price used to mount as high as 100 USD but now it is struggling to keep its head above 56 USD.

Litecoin Price Analysis:

Litecoin (LTC) opened the day trading at 57.57 USD and the first swing of LTC to USD started at 02:08 UTC and within no time it fell to 56.71 USD after a 3.01% decrement.  It was followed by a hike of 0.95% that added 0.54 USD to the value and this swing pushed the value to 57.25 USD. The last swing happened over the next 4 hours and 38 minutes, and this swing took 0.62 USD from the value and made it roam around 56.60 USD.

Litecoin’s last 50-days’ performance is worse than its last 20 days’. The current price trend is above its 50-day and 20-day MA. It hints at the upcoming strength of LTC in the upcoming few days. And as per Litecoin Predictions, the next resistance is expected to fall at 58.88 USD.

Resistance and Support levels –

R1- $58.14, R2- $58.88, R3- $59.45

S1- $56.83, S2- $56.26, S3- $55.52