Litecoin Price Analysis: LTC Falls below $90; May Soon Touch as Low as $86

Litecoin (LTC) is down by 1.74% over the last 24 hours and it is now below 90 USD. The coin may have to put a lot of effort to fetch a price rally to retain the investors’ base. Litecoin has finally moved below 90 USD with a 1.74% cut in the value against USD overnight. There have been six major price variations in the last 24 hours and none of them could take the coin beyond 91 USD. There are many more obstacles expected on the way of Litecoin. It may next find shelter at the next support level at 86 USD. Let us analyze the current details of the coin. LTC Price Statistics- Litecoin (LTC) 9th August 02:20 UTC Rank 5th ROI (Return on Investment) 1,977.45% Coin Circulation 62,997,731 LTC Market Cap 5,643,978,749 USD Value in USD 89.06 USD Value in BTC 0.00753098 BTC 24h Volume 3,010,815,994 USD LTC to USD Price Comparison- Litecoin Price Chart by TradingView Litecoin, after a day of negative growth, shocked the market when it again opened with a fall in the value. From 02:30 UTC, the coin started weakening and lost 2.58%. 91.49 USD at 02:31 UTC was the highest for Yesterday. It was followed by a small price correction of 2.02% and again the coin took a dip between 09:09 UTC and 14:24 UTC. This third variation took the coin to its lowest level of 87 USD. Again at 14:24 UTC, the coin started inclining and over the next 3 hours and 45 minutes it could jump to 90.64 USD. The next two swings created an almost perfect inverted pyramidal growth pattern with a 2.46% loss and 2.20% growth simultaneously. Litecoin closed the day near 90 USD and it is close to 88 USD two hours after the opening of today. Litecoin Price Prediction- Litecoin is on one of its worst phases. As per the Litecoin Price Prediction by CryptoNewsZ‘s market experts, the coin may fall to 86 USD by the end of this week. However, the medium-term seems bullish and to the long-term holders, the coin is likely to give good returns. These are the details of the resistances and supports of the coin. Litecoin (LTC) 1st Resistance 91.66666667 USD 2nd Resistance 93.30333333 USD 3rd Resistance 94.88666667 USD 1st Support Level 88.44666667 USD 2nd Support Level 86.86333333 USD 3rd Support Level 85.22666667 USD Litecoin News