Bearish Dominance Continues for Litecoin (LTC); Next Support to Look for $44.12

On December 01, Litecoin marked a 5.63% hike and reached $48.29 from $45.72. On the next day, LTC’s price was dropped by 5.39%, with the coin reaching $45.42. Then, in the next two days, $43.92 has been the lowest value for the coin. With a very sharp rise, Litecoin price moved to $46.98 before dropping again.

Litecoin Price Prediction

Currently, Litecoin price is on the slight recovery, but if we compare its current price with the price on December 04, LTC exhibits a downtrend of 5.14%. The currency might fall further as per the trend and reach its immediate support of $44.12. However, it exhibits signs of slight recovery, and hence, Litecoin price may be able to pick up the pace and reach $46.21.

We would strongly advise to enter into the trade as per the trend noticed to gain near-term profit. The bears have dominated LTC over the past five days except for the first two days. On December 4, 2019, Litecoin price surged, but it was temporary.

Litecoin Price Prediction

Recent Articles

US-based Wells Fargo Infuses $5M in Elliptic Through Series B Funding

Headquartered in San Francisco and enriching the world with its revolutionary financial services, Wells Fargo & Company has announced the news about its strategic...

China Seeks to Digitize the Renminbi

China has set a good example as far as digital payment by regular customers in the country is concerned. The United States made far...

Everything You Need to Know About Bitcoin Payment Services

Cryptocurrencies are gaining worldwide popularity, given the eons of benefits that they offer to society as well as to the global economy. With Bitcoin...

Federal Reserve Chairman Grilled Over Cryptocurrency Plans

Federal Reserve Chairman Jerome Powell yesterday presented his monetary policy report before the U.S. House Financial Services Committee. His presentation brought about a deluge...

Maharashtra CM Uddhav Thackeray to Roll Out State Blockchain Policy

Maharashtra Chief Minister Uddhav Thackeray has given his nod to blockchain technology and the state government is planning to introduce “State Blockchain Policy.” The...

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox