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Litecoin forecast points to $40.74
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Litecoin forecast points to $40.74

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  • Litecoin (CRYPTO:LTC) is forecast to fall 11.43% to $40.74 by August 24.
  • LTC was trading at $46.07 after gaining 3.57% over 24 hours.
  • CoinCodex rated Litecoin sentiment as neutral, despite its weaker longer-term trend.

Litecoin (CRYPTO:LTC) is forecast to fall 11.43% to $40.74 by August 24, according to CoinCodex.

LTC was trading at $46.07 after gaining 3.57% over 24 hours, while the wider crypto market rose 3.64%.

CoinCodex rated Litecoin sentiment as neutral, with 15 indicators signalling bullish conditions and 13 signalling bearish conditions.

The model identified $44.13, $43.88 and $43.56 as key support levels for Litecoin.

It also identified $44.69, $45.01 and $45.26 as key resistance levels for the cryptocurrency.

Litecoin has fallen 2.58% over 30 days, 15.12% over three months and 59.54% over one year.

CoinCodex said its forecast was neutral overall and warned that crypto prices can remain highly volatile.

At the time of reporting, Litecoin price was $47.06.

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