$ 1,197.93 1.54%
$ 40.77 0.62%
$ 0.066589 1.94%
$ 4.40 2.90%
$ 21,214.00 0.36%
$ 235.10 2.22%

Litecoin price analysis 15 August 2019; Will LTC go below $70?

cryptocurrency roundup litecoin leading tron binance btc eth following

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

LTC chart by Trading View

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.

Giorgi Mikhelidze

Giorgi Mikhelidze

Georgian-born blockchain enthusiast Giorgi leverages his software development background for on point market commentary and analysis. A brief stint with Finance Makers and he's now covering crypto news for high authority websites with the tip learned from past experience, "Whenever you see people talking about the weakness of your idea, don't see it as criticism."

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