Litecoin Price Analysis: Can $40 Support Raise LTC Price Higher?

The Litecoin(LTC) sellers ended a four-week consolidation after they breached the $51 support on June 9th. The resulting fall plummeted the altcoin to $40 psychological support, but a rise in demand pressure stalls the selling momentum.

Timeline of Litecoin

Litecoin price analysis shows that the market is on a bullish trajectory as the price has surged to $46.58. The cryptocurrency trades between an ascending parallel channel, which may act as a support and resistance level for LTC in the near future.

Litecoin [LTC] bears demonstrated their dominance once again towards the end of last week, leading to more downside. However, LTC's latest lows suggest that it is closer to the bottom than expected.

Litecoin price analysis shows the LTC prices are currently showing some bullish momentum building up again after a brief period of consolidation in the $45-$46 region. The prices have found some support near the $40 level and are currently trading around the $45.36 mark.

Litecoin price analysis suggests an upwards movement to $50 The closest support level lies at $40 Litecoin faces resistance at the $45.53 mark The Litecoin price analysis shows that LTC has finally found support at the $40.00 mark, which has enabled the bulls to recover to the $44 mark. However, the bulls still.

Litecoin (LTC) price is in a downtrend as the price broke below the current support at $60. The bears have also undercut the previous low at $54. The upward movement was limited by the 21-day line SMA.

Litecoin market cap crashes as triggered by the bearish movement of the crypto market. Litecoin's market cap was down by more than 30% compared to its performance in the first week of May wherein the digital asset was in top shape.

Litecoin price analysis shows the Litecoin market has been in a bullish trend lately as the prices have been rising steadily. The current support for LTC prices is at $40.0 while the strongest resistance is seen at $48.0.

Binance will no longer support MimbleWimble-based Litecoin (LTC) transactions – a decision likely motivated by the increasing need to meet compliance standards. The post Binance to Cease Support for MimbleWimble-Based Litecoin Transactions appeared first on BeInCrypto.

Binance has announced that it will not support Litecoin transactions made through the MimbeWimble Extension Blocks function. The post Binance announces withdrawal of support for anonymous Litecoin transactions appeared first on CryptoSlate.

Litecoin price analysis is highly bearish today, as price crashed down below support at $45. Forming a descending triangle on the daily chart, LTC price crashed more than 13 percent over the day's trade to exhibit a complete bearish takeover.