Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The rates of the top 10 coins are going down, according to the CoinMarketCap ranking.
LTC/USD
Litecoin (LTC) is not an exception to the rule, going down by 2.38%.
On the hourly chart, the price of Litecoin (LTC) may have found the local support at $85.21. If buyers can hold the mark above it until the end of the day, the growth may continue to the middle of the channel, to around the $87 area.
A similar situation can be seen on the bigger time frame as the price has made a false breakout of the support at $85.30. However, it is too early to think about fast growth as the altcoin needs more time to accumulate energy.
Denys SerhiichukIn this regard, consolidation in the range of $86-$90 is the more likely scenario.
On the daily chart against Bitcoin (BTC), the price of Litecoin (LTC) has once again touched the support at 0.0038. Currently, traders should pay attention to the daily closure. If it happens near the mentioned mark, the breakout might be a prerequisite for a sharp drop to the 0.0037 area.
Litecoin is trading at $85.85 at press time.
Gamza Khanzadaev
Yuri Molchan
U.Today Editorial Team
Vladislav Sopov
Dan Burgin