{"id":107025,"date":"2021-01-04T09:46:00","date_gmt":"2021-01-04T09:46:00","guid":{"rendered":"https:\/\/precoinnews.com\/?p=107025"},"modified":"2021-01-04T09:46:00","modified_gmt":"2021-01-04T09:46:00","slug":"litecoin-price-analysis-ltc-price-is-poised-to-hit-200-soon","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/litecoin-price-analysis-ltc-price-is-poised-to-hit-200-soon\/","title":{"rendered":"Litecoin Price Analysis: LTC Price Is Poised to Hit $200 Soon!"},"content":{"rendered":"
The week started with the bullish sentiments,major altcoins showing strong surge including ethereum, EOS, XLM, LINK, BNB, OMG, NEO, TRX, bitcoin cash, DOT, litecoin, and ADA. ETH\/USD outperformed all and cleared the $1K resistance for the first time since 2018. Among all Litecoin ended up ranking 2nd for the day in terms of LTC price change relative to the day prior. <\/p>\n
The altcoin came into today up 8.3% ($10.5) from the open of the day prior, marking the 2nd straight day of an increase. At press time, Litecoin is trading at $159.28 USD with a 24-hour trading volume of $17,940,429,126 USD. LTC is up 13.17% in the last 24 hours. The current CoinMarketCap ranking is #5, with a market cap of $10,550,391,919 USD.<\/p>\n
Litecoin surged almost 20% and it cleared the $135 and $150 resistance levels. LTC is now trading above the $160 level and it seems like the price might continue to rise towards the $172 and $ 175 levels. Also, if there is a downside correction, the recent breakout zone at USD 150 might provide support.<\/p>\n
LTC\/USD bulls gained the advantage of the trade in the next session. Meanwhile, the base instrument may, in a slow-moving manner, push northward the more. Trade levels around $160 and $180 tend to witness less active price action purposely for the market to decide the direction.\u00a0<\/p>\n
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According to trader Travis , $180, $220 and $320 ATH are the next major levels and the next major resistance lies at the $140 level.<\/p>\n
According to active crypto trader with twitter handle @Tradermayne seems to be bullish on Litecoin. He shared the below chart and claims that according to the law of Thermodynamics $LTC to $250 rapidly.<\/p>\n
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Another crypto enthusiast with twitter handle @tamilbtc predicts that litecoin price is likely to hit $200 within 24hrs. <\/p>\n