Now the currency is traded at $ 117. Analysts are sure that in the near future the price will not rise above $ 122
On Tuesday, June 5, the average market price of Litecoin went down to $ 116, after which it began to rise gradually. Now the coin is worth $ 117, although a few hours ago it traded at $ 120. According to experts Ethereum World News, the rate of the cryptocurrency fell below the important support levels, so it will be difficult for it to grow in the near future.
Experts believe that Litecoin may again fall in price to a mark of $ 115 – this is an important level of support, its price is unlikely to drop below. They noted that the coin began to drop sharply on June 3, when the value exceeded $ 127.
Since then, the rate has been falling continuously, and in the near future it is unlikely to overcome the $ 122 mark, analysts added. Most likely, after the value of the cryptocurrency has reached this level, it will start to fall again.