Litecoin

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<a href="https://u.today/near-price-analysis-for-december-21" rel="noopener noreferrer nofollow">Bulls</a> could not hold the initiative until the end of the day, and most of the coins have returned to the red zone. <img data-entity-type="file" data-entity-uuid="8b0ad5d5-5088-4628-8994-f3b4f3ffd2c9" src="https://u.today/sites/default/files/inline-images/top10_845.png">LTC chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="ltc-usd">LTC/USD</h2>
The rate of Litecoin (LTC) has declined by 2% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="b623bd00-c8df-4177-98b1-54849705e67a" src="https://u.today/sites/default/files/inline-images/ltc1_7.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/LTCUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of LTC has made a false breakout of the support of $69.22. If the bar closes near the resistance level or even above it, there is a chance to see a test of the $71-$72 area soon. <img data-entity-type="file" data-entity-uuid="03a6c21c-694c-4860-9461-fd95112bfed8" src="https://u.today/sites/default/files/inline-images/ltc2_6.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/LTCUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the daily time frame, the situation is less positive as the price keeps trading near the $67.91 level.&nbsp;
If buyers lose the $70 zone, one can expect a test of the support level, followed by a blast to the $64-$66 range. <img data-entity-type="file" data-entity-uuid="3ccac868-6a9e-4c98-b22d-12855474857e" src="https://u.today/sites/default/files/inline-images/ltc3_5.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/LTCUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger chart, one should focus on the weekly bar closure in terms of the previous bar low. If it happens above $70.15, buyers may seize the initiative, which may lead to a bounce back to $72.
LTC is trading at $70.15 at press time.

Litecoin (LTC) Price Analysis for December 21

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