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Litecoin LTC price falls by 9.53 percent

Litecoin price falls by percent

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)

Litecoin Price Chart

Litecoin Price Chart by TradingView

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

Litecoin Featured Price Chart

Litecoin Featured Price Chart by TradingView

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.

Aroosa Nadeem

Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

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