Litecoin price analysis is the upside for today as we can see today’s gains after yesterday’s consolidation. Therefore, we expect LTC/USD to target the $200 mark.
- Litecoin price analysis points to another spike that could be seen today.
- LTC/USD is consolidating around $180 overnight.
- Bottom higher and support at $176.
The cryptocurrency market has been trading with a bullish momentum for the past 24 hours. As the market leader, Bitcoin is up 3.4% while Ethereum is up 4.4%. Solana (SOL) is one of the best players with a 32.6% advantage.
Litecoin price movement in the last 24 hours
LTC/USD is trading in the $175.61 – $187.68 range, indicating strong volatility over the past 24 hours. Trading volume remained unchanged at around $2.37 billion, while the total market cap traded at around $12.5 billion, placing the cryptocurrency in 14th place overall.
LTC/USD 4-hour chart: LTC targets $200 next?
On the 4-hour chart, we can see that Litecoin’s price is moving away from $180 as the bulls are ready for another push-up.
Litecoin earned more than 75 percent of its set high of around $105 on July 20. Several higher highs and lows set along the 100-hour blue moving midline, suggesting strong bullish momentum. LTC/USD also beat its previous high of $150, indicating that market sentiment has picked up again.
In the last few days, the next major resistance was hit around $180 and consolidation has formed around it in the last few hours. However, Litecoin’s price is slowly rising, testing the brand several times at $185.
After overnight slowing momentum, LTC/USD started trading earlier today and is currently setting new multi-month highs. This development in price action should result in more robust growth over the next 24 hours, with the next big price target around $200.
Litecoin Price Analysis: Conclusion
Litecoin price analysis is bullish for the day as gains are gaining momentum after consolidating overnight. Therefore, we expect LTC/USD to hit higher later in the day and hit $200 later this week.
While you wait for Litecoin to move forward, check out our articles on Bitcoin Futures, Physical Bitcoin, and Proof of Bet vs Proof of Work.
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1. What will litcoin be worth at the end of 2021?
According to DigitalCoinPrice, Litecoin can be traded at around $217.77 by the end of 2021. Moreover, the price can be traded at $261.39 in 2022 and $339.36 in 2023.
2. How much is LTC worth in 2021?
According to financial experts, Litecoin could skyrocket to $500 in 2021, rise to $1,000 in 2022, and survive a bull run in 2023 if it trades at $3,000 and $10,000 in 2025.