Litecoin price is up by 3.07% at #55.00, the 24-hour price change is 7.89%

Litecoin is the best altcoin to buy in 2022, as of this writing Litecoin is trading at $55.00 up by 3.07% nearly in the past seven days.

According to market capitalization, Litecoin has been the third-largest cryptocurrency for a long time.

LTC’s 5-day straight rally registered a growth of 21.4%, Litecoin touches the $60 zone after that a fresh decline started against the US dollar, and LTC price is now between $55 to $60 simple moving average

$54.80 and $55.00 levels are the resistance level for Litecoin and the downtrend is formed with resistance near $55 on the 4-hour chart frame of LTC/USD.

On 2^nd September official Litecoin Twitter account posted that according to this post average, Litecoin transaction price is less than one penny this post also benefited LTC/USD because the popularity of Litecoin has increased for transaction purposes. For investors, it was an interesting trend.

The development of Litecoin’s resulted in the creation of Lightning and Atomic Swaps this development suggests that the Litecoin price might rise soon.

According to market capitalization, Litecoin has been the third-largest cryptocurrency for a long time.

LONG-TERM TECHNICAL ANALYSIS

This daily chart indicates that Litecoin was trading in a down channel, currently, it is trading below all SMA, RSI is in the selling zone which indicates bearishness and MACD is below zero which indicates bearishness.