TL; DR breakdown

  • Litecoin price analysis today is bearish.
  • LTC / USD saw another decline overnight.
  • Litecoin appears to be breaking the USD 145 support.

Litecoin price analysis is bearish today as further downward move brought LTC back to the $ 145 support. Hence, we expect LTC / USD to finally break the downside and move to the next support at USD 135.

Cryptocurrency heat map. Source: Coin360

The crypto market has seen declining momentum in the past 24 hours. Bitcoin is down 4.62 percent while Ethereum is down 6.44. The rest of the top altcoins follow Ethereum with a loss of around 5-7 percent.

Litecoin price movement over the past 24 hours: Litecoin tests $ 145 again

LTC / USD traded in a range of $ 144.30 to $ 153.65, suggesting significant volatility over the past 24 hours. Trading volume is down 15.67 percent to $ 2.7 billion, while total market capitalization is around $ 9.68 billion, placing the coin in 17th place overall.

LTC / USD 4-hour chart: LTC finally set to break down?

On the 4-hour chart, we can see Litecoin price action approach previous lows as the bears prepare to finally break the $ 145 support.

Litecoin Price Analysis: LTC Moves To Another Test Of $ 145 Support, Further Downward Movement To Follow? LTC / USD 4 hour chart. Source: TradingView

Litecoin price action has seen strong bearish momentum in the past few weeks. After an initial decline on September 7th, LTC rose to $ 160 and found support above $ 170.

Above the support, several days of consolidation followed, with the $ 190 mark as resistance. On September 16, a brief move higher led to a lower high at $ 195 with another reversal on the downside.

Another drop of around 25 percent followed, with the $ 145 mark serving as support this time. In the past few days, Litecoin price action has been consolidating above support, with an increasingly narrow range forming. Overall, this could lead to another push down in the next 24 hours.

Litecoin price analysis: conclusion

Litecoin price analysis is bearish for today as the bears prevented further upward movement overnight. Hence, we expect the $ 145 to be tested today, which could result in a break below the next $ 135 support.

Read our guides on NFT Games, CoinJar, and Bitcoin Memes while you wait for Litecoin to move forward.

Disclaimer of liability. The information provided does not constitute trading advice. assumes no liability for investments made on the basis of the information provided on this page. We strongly recommend independent research and / or the advice of a qualified professional before making any investment decisions.


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