- Litecoin Registers 4.09% plunge in a week
- LTC/USD may breach the next support at $43 soon
Over the last 7 days, the whole crypto market has seen numerous ups and downs in the price against the US Dollar. Litecoin has also reflected a similar price trend and lost almost 4% and been through steep price movements.
Litecoin Price Prediction
LTC price was being traded at $46.20 on December 03, and on the next day, it faced a 4.87% decline that took the price to $43.95. However, on the same day, Litecoin managed to scale its price as high as $46.98, the weekly high. However, at this price point, it faced rejection and faced a sharp plunge. This fall took the LTC price to its previous support of $43.87 on December 05.
After this moderate fall, Litecoin managed to gather an upward momentum and recovered by 5.43% which took the LTC price to $46.25 by December 08. Since then, the currency has been showing weaknesses, and as of now, it has made a total loss of 4.37% to be placed at $44.23.
The 20 days MA stands at $44.32, and it’s 50 days MA is now at $44.39. The current price of Litecoin is 0.18% and 0.02% less than the 50 days and 20 days moving averages, respectively. As per the current market scenario and LTC Price Prediction, the coin might keep the current trend intact and retest its key support of $43 in the upcoming hours. However, on the upside, the next resistance may come at $45.77.