Litecoin (LTC) is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. LTC was an early bitcoin spinoff or altcoin, starting in October 2011.

LTC is now one of the most recognized, trusted, and used blockchain-based payment networks in the world, and many now agree that it is a complement to Bitcoin, not a competitor: Litecoin is the silver to Bitcoin’s gold.

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Past Performance

Litecoin rose by 0.06% on Tuesday. Following a 5.07% slide from Monday, Litecoin ended the day at $185.85. It had a mixed start to the day. It eventually saw LTC rise to an early morning intraday high of $189.51 before hitting reverse.

As of March 9, 2021, the opening price of LTC was $191.94. As of March 15, 2021, the closing price was $200.59. Thus, the LTC price has surged by approximately 4.5% during that past week.

Days-Ahead and Tomorrow

Currently, LTC is trading at $193. The price has slightly moved from the opening price of $186. Thus, the market looks flat.

The MACD and signal lines are in the negative territory. Moreover, a bearish crossover by the MACD line over the signal line has occurred. Thus, the overall market momentum is bearish, and we can expect a further price pullback.

Currently, the RSI indicator is at 58%. It has moved away from the oversold region. Thus, it is a good time for traders to buy and try to hold to watch out for gaps where they can make money.

The A/D indicator has been decreasing in the past half hour. Thus, whale accumulation activity is quite low. Heavy buying will exert upward pressure on the price. There is a positive divergence here. Hence, as expected the price is falling and giving an opportunity to the swing traders to find divergence and trade.

LTC Price Analysis

Falling short of the 23.6% FIB and the first major resistance level at $195, Litecoin slid to a late intraday low of $180.71. The coin will find support at the first major support level at $181. LTC will move back through to $187 levels before easing back.

As per today’s movement, LTC was up by 0.32% to $186.45. A mixed start to the day saw the coin fall to an early morning low of $185.41 before rising to a high of $186.66. LTC left the major support and resistance levels untested early on.