If you have been following Litecoin price action over the past few weeks, you probably remember the sharp decline we witnessed mid-November. Prices fell from over $200 to $130 in a matter of days. The market retraced all the way back to the $135 level and continued to consolidate there for the next few days.

With the Litecoin price currently sitting at $145 USD, it’s a good time to take another look at what’s happening with this particular cryptocurrency. After all, the Litecoin price has been stuck in a range for quite some time now, and we have no idea how long that range will continue for. With that in mind, let’s break down the action over the past 24 hours, and see what it can tell us about the future of Litecoin.

LTC, the flagship cryptocurrency of a small but fast growing network, has continued to climb up the ladder as of late, with a surge in price and market dominance over the weekend. As with most cryptocurrencies, the future trajectory of Litecoin remains highly uncertain, but its recent price and market trends suggest that LTC is probably due for a correction.. Read more about litecoin price prediction 2025 and let us know what you think.

TL;DR Summary

  • Yesterday, LTC retraced its losses.
  • Above $145, LTC/USD found support.
  • The market is gearing up for another surge upward.

After a pullback yesterday, support was established overnight around the $145 level, making Litecoin price analysis positive for the next 24 hours. As a result, we anticipate LTC/USD to reverse and try to reach new highs later this week.

Litecoin Price Analysis: LTC swiftly retraces to $145, pauses before reversal? Heat map of cryptocurrencies. Coin360 is the source of this information.

Over the past 24 hours, the cryptocurrency market has been in the red. Bitcoin, the market leader, is down 2.16 percent, while Ethereum is down 5.41 percent. With a loss of 9.5 percent, Dogecoin (DOGE) is among the poorest performers.

The price of Litecoin has retraced to $145 support in the past 24 hours.

Over the past 24 hours, LTC/USD has moved in a range of $145.44 to $155.56, showing high volatility. The overall trading volume has dropped by 18.85% to $1.69 billion. Meanwhile, the overall market value is approximately $10 billion, giving it a 15th-place market ranking.

LTC/USD 4-hour chart: Is LTC poised for another upward push?

The Litecoin price is making another higher bottom on the 4-hour chart and ready to go higher once again.

Litecoin Price Analysis: LTC swiftly retraces to $145, pauses before reversal? 4-hour chart of LTC/USD. TradingView is the source of this information.

Over the last several weeks, the price of Litecoin has been trading with a strong positive trend. LTC/USD began to rise after retesting the previous swing low of about $105, eventually breaking above the previous swing high of approximately $148.

Following that, there was a pullback to $135 support, where the price of Litecoin established a foundation to go higher. LTC began to rise again on August 5th, rapidly setting a new high of approximately $157.5, suggesting that the several-month negative price structure had reversed.

LTC/USD began to retrace yesterday from the $157.5 high, indicating that another higher bottom must be made before further upward. Support was established around the $145 level overnight, and any fall is presently being resisted. This Litecoin price movement suggests that we may anticipate another rise in the next 24 hours, with new highs being reached in the next days.

Conclusion on the Price of Litecoin 

The Litecoin price analysis is optimistic, as a new higher bottom was formed around the $145 level overnight. As a result, until LTC/USD falls below $145, we anticipate another surge later today as bulls attempt to hit new highs.

Read our articles on Bitcoin Futures, Physical Bitcoin, and Proof of Stake versus Proof of Work while you wait for Litecoin to go forward.

Disclaimer. The information given is not intended to be used as trading advice. .com is not responsible for any investments made as a result of the information on this website. Before making any financial choices, we highly advise doing independent research and/or consulting with a competent expert.

Bitcoin (BTC) continues to lead the cryptocurrency market, but the following altcoins are not far behind. Litecoin (LTC) is one of those, as it is growing in popularity and value. Its current price sits at $134, which is actually a slight increase over the last 24 hours. Recently, the cryptocurrency gained a lot of attention, after a Polish exchange called Bitbay announced a partnership with the LTC/PLN pair.. Read more about litecoin price history and let us know what you think.

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