Litecoin (LTC) has benefited greatly from the last bullfight, as the bulls have managed to get the value of the currency beyond the $ 60 limit. The month of September has not been negative for the digital currency, since it is was able to reach another important milestone: the Litecoin Summit 2018.
The Litecoin 2018 Summit, which took place in the South San Francisco Convention Center on 14 and 15 September, was a real success and a great achievement for the blockchain project.
The trend in digital currency prices has not recently been what the community expects, but the digital currency has done its best to contain gains and prevent losses. The value of Litecoin (LTC) is currently supported at the $ 59 level, and needs a more bullish pressure to exceed the $ 62 limit.
Litecoin (LTC) Price today – LTC / USD
At the time of writing, Litecoin (LTC) is changing hands to $ 61 after an increase of less than one percent in the past twenty-four hours. LTC currently has a market capitalization of $ 3.57 billion and its trading volume over the past twenty-four hours is $ 479.49 million.
Analysis of LTC prices
Recently, the value of Litecoin (LTC) rose above the $ 65 level against the US dollar. However, it subsequently began a downward trend and fell below the $ 64 and $ 62 support levels. The currency also tested the value of $ 60 and stood close to the $ 58 sign before it began to correct higher.
From the LTC / USD chart, the value of the digital currency exceeded the Fibonacci retracement level of 23.6% of the previous swing from a maximum of $ 65 to a minimum of $ 5.85. The digital currency is now trading above the $ 60 level and the 100-hour simple moving average.
Litecoin (LTC) is currently supported at the $ 59 level, and the next major support after that level is $ 57. On the other hand, the digital currency is currently upwards on the $ 62 level, and a break over this level is necessary for further gains towards the $ 65 mark.