Litecoin LTC price sees a 9.53% fall closer to the end of the 19th of February. The coin suffered a steep fall below the $68.24 mark after its price laid well above the $77 mark.
After a brief retracement period, the cryptocurrency recovered nearly $4. On the 20th of February, the Litecoin LTC price can be seen heading towards the $68 mark.
1-Day Litecoin LTC price analysis (20th February)
After entering the price chart for the 20th of February, the LTCUSD trading pair stood right above the $70.00 mark. The cryptocurrency’s price line can be observed in a downtrend until the end of the day. As of now, the LTCUSD pair trades with a day’s range of $66.08 — $72.32.
The cryptocurrency gradually moved down on the price chart to reach its current trading value of $68.24 US Dollars. Currently, the LTC/USD pair trades at $68.24.
Technical Indicators for Litecoin
One of the biggest cryptocurrency by market capitalization has been suffering since the all-time high after last halving event. At the time of writing the Relative Strength Index (RSI) for LTC/USD can be observed below the level 75.00. Currently, the RSI stands at 51.66.
The 20-Day Exponential Moving Average (EMA) closed at $68.20, whereas the 50-Day Moving Average (MA) stands at $68.12
LTC, like most of the cryptocurrencies in the market, has also faced the recent price fall. According to coinmarketcap.com, LTC has a coin market capitalization of $4,386,429,906 US Dollars and has a circulating supply of 64,125,859 LTC.
Featured Image by Matthew McBrayer.
Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan holds no liability towards any investments based on the information provided on this page.