Litecoin is among the oldest surviving cryptocurrency networks that has remained mostly intact. The price action might include heavy volatility; it seems sustainable. Litecoin has been trending for a long time, and working above the level of $200 seems highly unlikely. By hitting a double century in value, Litecoin has entered the elite group of top twenty blockchains.
LTC currently ranks at the 17th position in market capitalization and is cumulatively valued at $13.5 billion with 82% of liquidity. The brainchild of a former Google employee, Charlie Lee, Litecoin is often referred to as a lighter version of bitcoin, offering similar features and advantages.
Litecoin Price Analysis
Furthermore, a 200 DMA level of $187 will be an indicative support level that can be used to make entry or exit any holdings in LTC. The resistance at $207 is critical to push the values higher or keep them under $200 levels. Finally, $140 has emerged as a strong support level, which will be important for valuing the momentum on LTC as per our LTC predictions.