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<p>The post <a href="https://coinpedia.org/price-analysis/crypto-price-today-litecoin-ltc-price-eyes-15-jump-amid-breakout-rally/" rel="noopener noreferrer nofollow">Crypto Price Today: Litecoin (LTC) Price Eyes 15% Jump Amid Breakout Rally?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>With a drop of approximately 1% today, the <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">price of Bitcoin</a> is hovering close to its $59,000 mark. This indicates an increase in the bearish sentiment in the crypto space. Following this, top altcoins have recorded a similar price action.</p>
<p>On the other hand, the Litecoin price has jumped 4.89% during this time. This has resulted in this altcoin securing a spot in the daily top gainers list. With the present market sentiments, is this the right time to invest in Litecoin? Scroll down to uncover all your doubts.</p>
<h2 class="wp-block-heading" id="h-ltc-price-on-the-path-of-a-major-break-out">LTC Price On The Path Of A Major Break Out?</h2>
<p>After trading under a bearish sentiment for a brief period, the <a href="https://coinpedia.org/price-prediction/ltc-litecoin-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Litecoin price</a> has recorded a jump of approximately 5% within the past day with a trading volume of $334.704 Million, a change of -8.78%. With this, the altcoin is on the verge of testing its important resistance level, the outcome of which is uncertain.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeM6SEiWuglYmJHJ7li7n4seop8ixk5EOojfRPnt_tUmPK3t9zGURPotQowQGicDAx325LJgskt5XIzHAGhzzsSU1DYT3R3Tx2yNXGl9qAs8tQhN270x0Gjx9FVNoXHjHgtn__Mbw6pVSeiUEnvccj8zvjL?key=AFQCZOnHYYAmHS7KyRWH_w" alt="Litecoin Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: LTC/USDT
 </figcaption>
</figure>
<p>However, the LTC coin price has recorded a correction of 2.32% within the past week and 8.01% over the past month. Despite recording a Year-to-Date (YTD) return of -9.87%, this altcoin has secured the 19th position in the global crypto list with a market capitalization of $4.938 Billion.</p>
<h2 class="wp-block-heading" id="h-litecoin-market-sentiments">Litecoin Market Sentiments</h2>
<p>The EMA 50-day has constantly acted as a resistance to the LTC price chart in the 1D time frame since June. this highlights a strong bearish influence for the altcoin in the crypto space.</p>
<p>However, the Relative Strength Index (RSI) has displayed a sharp uptrend, resulting in it breaching its mid-point. Further, with a bullish convergence in its average trendline, Litecoin is predicted to display a mixed price sentiment in the coming time.</p>
<h2 class="wp-block-heading" id="h-will-ltc-rise-again">Will LTC Rise Again?</h2>
<p>If Litecoin continues gaining momentum, it will prepare to test its resistance level of $67.40. Maintaining the price at that level will set the stage for this altcoin to head toward its upper resistance level of $78.80 during the upcoming weeks.</p>
<p>On the flip side, if a bearish reversal occurs, the Litecoin (LTC) price will plunge toward its crucial support trendline of $55.75 in the coming time.</p>

Crypto Price Today: Litecoin (LTC) Price Eyes 15% Jump Amid Breakout Rally?

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