$ 1,123.78 7.15%
$ 34.90 9.73%
$ 0.064943 10.02%
$ 4.78 6.85%
$ 20,002.00 4.38%
$ 219.08 7.65%

Litecoin price reaches support of the range at $66.80

Litecoin price reaches support of the range at

Litecoin falls below the $67.00 mark after completing its upward trend across the $70.00 mark. The Litecoin price reached the support of the range at $66.80, by 08:00 GMT on February 04. The coin is now expected to move the next upward targets, at $69.70 and $72.70.

1-Day Litecoin Price Analysis (February 04)

Litecoin Price Chart

Litecoin Price Chart by TradingView

The cryptocurrency started the day with a price of $69.60 US Dollars, where it continued the rise from the end of February 03 and reached a day’s high of $70.27 US Dollars by 00:17 GMT. The trading pair gradually moved its price downwards and it slipped below the $69.00 mark by 03:11 GMT.

The coin saw crashed below the $67.00 level by 09:24 GMT following a bearish fall at 08:26 GMT. The cryptocurrency regained price above the $68.00 mark after 15:00 GMT and after 18:00 GMT the price fell below the $67.00 mark again. The Litecoin/US Dollar trading pair closed February 04 with a trading price of $68.09 US Dollars.

Technical Indicators for Litecoin

Litecoin Featured Price Chart

Litecoin Featured Price Chart by TradingView

The 20-Day Exponential Moving Average (EMA) for Litecoin closed at $67.79 on February 04, while the 50-Day Moving Average (MA) closed at $67.47. The third technical indicator, the Relative Strength Index (RSI), closed at 60.26.

Featured Image by Ashley Hirsch.

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

Dogecoin price analysis: DOGE/USD pair set to break past the daily resistance found at $0.08
Tezos price analysis: XTZ fails to sustain the rebound, falls below $1.6 support
Top 5 Benefits of Crypto Casino
Chainlink price analysis: LINK rejected at $7.00, falls below $6.50 support
Traderpowers review 2022

Follow Us

Industry News

Compass Mining loses Bitcoin mining facility for neglecting energy bill
Robinhood shares spike 14% on FTX rumored purchase report
US adults turn strong hands, predict Bitcoin at $38,000 on average in 6 months
Nexo reacts to new Emblezzlement allegations and threatens legal action
Bear market 2022 hits crypto to its worst in historic records