Crypto daily report

Litecoin Pumps 30%

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.

1669273478 710 Bitcoin Price and Ethereum Rebound Litecoin Pumps 30
Litecoin Price Chart – Source: Tradingview

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


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