Litecoin price is buying and selling inside a good vary after declining from Monday’s excessive. Based on CoinMarketCap, its market cap has dropped by 3.51% to $9.75 billion. As compared, the worldwide crypto market cap is down by 3.35% from the earlier session. It stays under the essential degree of $2 trillion at its present $1.87 trillion.
Litecoin value will possible stay under $160 after dropping under that degree on Friday. This thesis is based on the truth that concern remains to be the important thing emotion driving the crypto market.
Litecoin value prediction
As September involves an finish, LTC is about 12.32% decrease than the place it was originally of the month. On the similar time, it has declined by 37.38% since hitting its four-month excessive of 236.76 in mid-September.
On the time of writing, Litecoin value was up by 2.06% at 148.05. It has been buying and selling sideways on Tuesday’s session after dropping from Monday’s excessive of 155.24.
On a three-hour chart, it’s buying and selling barely under the 25 and 50-day exponential transferring averages. It’ll possible commerce inside a good vary of between final week’s low of 141.66 and alongside the 25-day EMA at 150.18.
Above the horizontal channel’s higher border, the resistance degree to look out for is 156.40. On the decrease aspect, 140 will possible be the important thing assist degree within the quick time period.