Baskadia

Litecoin price to retest $200 before LTC resumes its uptrend

Litecoin price is down over -10% since hitting $233. Retracement to the $200 level is likely to test as support. Failure to hold this support level could see a quick return to $180. Litecoin price has significantly increased since the beginning of September, gaining as much as 35.4% from the September 1st, 2021 open. However, LTC price has topped out at $233 and now sees rising selling pressure. If bulls cannot hold $200 as support, bears will likely gain control and push Litecoin price towards $180.

Price analysis 1/20: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX

Bitcoin and altcoins appear to have shaken off the Genesis bankruptcy news by bouncing off their immediate support levels and rallying higher.