$ 1,195.48 1.27%
$ 40.57 0.77%
$ 0.066177 1.70%
$ 4.35 3.42%
$ 21,150.00 0.47%
$ 234.26 2.39%

Litecoin price expected break support at $69.613

Litecoin price expected break support at

Litecoin price sees a gradual decline towards the $69.00 mark on the price chart for February 02, the cryptocurrency had peaked below the $73.00 mark. As per an idea, if a support level at $69.613 tends to break, the cryptocurrency may head downwards three levels at which the next supports lie;  $66.728, $64.209 and $61.945.

1-Day Litecoin Price Analysis (February 03)

Litecoin Price Chart

Litecoin Price Chart by TradingView

Litecoin stood at the $69.50 mark just as the day started. The cryptocurrency’s price trend was instantly converted into a bullish trend, from its preceding bearish fall just as the price line stepped into February 02. The bulls took the price to a day’s high of $72.97 US Dollars, after which the price came crashing down to the $70.50 mark. After 02:00 GMT, the cryptocurrency sees a dishevelled price pattern for the rest of the day. The price pattern features a downward trend until the end of the day.

As its closing value, Litecoin stands at $69.49 US Dollars.

Technical Indicators for Litecoin

Litecoin Featured Price Chart

Litecoin Featured Price Chart by TradingView

The Relative Strength Index (RSI) for Litecoin on February 02 saw an upward slip across level 70.00. At 00:38 GMT. Once it reached, 87.10 the cryptocurrency retreat below level 70. The 20-Day Exponential Moving Average (EMA) trades at $69.63, while the 50-Day Moving Average (MA) closed at $67.51.

Featured Image by bharath g s.

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.

Related News

Hot Stories

Crypto News Alert – A New Meme Coin That Will Process 50,000 Transactions Per Second
Cryptocurrency Investments To Make in a Bearish Market - Shiba Inu (SHIB), Dogecoin (DOGE), and RoboApe (RBA)
Monero Price Prediction 2022-2031: Is XMR Price Going Higher?
Shiba Inu price analysis: SHIB expected to stay bullish for the next 24 hours
ISO 20022 compliant crypto-list

Follow Us

Industry News

Margin calls and bot liquidations add chaos to crypto as its market cap hits $964b
Bitpanda lays off workers amid the market decline
Coinbase to launch Nano BTC features aimed at retail traders on June 27
Namibian University will offer master's degree in blockchain technology soon
Uphold announces restriction of Venezuelan users