Litecoin, much like any other altcoin in the market right now has been taking serious hits for the past 24 hours. The coin is down somewhere around 15% since its lates struggle at the $90 price levels.
New resistance and support levels are being formed as we write this Litecoin price analysis, therefore they’re forced to be indicated on the go. But if you want an overall prediction, know that it doesn’t bode too well for alts.
Litecoin price analysis: Resistance and Support
At the moment of writing this article, Litecoin is already struggling at the $75 resistance levels as Bitcoin pushes forward with the hope to challenge $10,000 before the end of the day.
However, LTC doesn’t seem to have too much support from the bulls to hold $75 for long, but it does so by the end of the day, a whole new ordeal at $76.5 will be introduced in the form of extreme resistance.
As for support levels, there’s not much to hope for right now, the $75 hover right now is a retest zone, but the bears are pushing hard. The last hope that LTC has as a support level lays at $71, should it fall the coin has a downward trend to as low as $48 by the end of the month.