Litecoin’s current price is $76, with a 24-hour trading volume of $1.6 billion. In the last 24 hours, Litecoin has dropped over 3% but at the same time, its weekly gain is over 30%.
With a live market cap of $5.4 billion, CoinMarketCap currently ranks 13th. It has a maximum supply of 84,000,000 LTC coins and a circulating supply of 71,680,906 LTC coins.
On the technical front, Litecoin was rejected below the $83.65 resistance level, and candle closings below this level triggered a bearish correction.
Litecoin has already completed a 23.6% Fibonacci retracement and is now heading lower toward the next support level of $74, which is extended by a 38.2% Fibonacci retracement.
The LTC/USD pair is likely to show a bullish reversal above the $74 or $68.75 (61.8% Fibo level) support levels.
Compiled by Coinbold