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Litecoin price analysis: LTC/USD capped by $68.00 ahead of Litecoin Summit

  • Litecoin is recovering, but upside may be limited.
  • Students have a chance to attend Litecoin Summit free of charge.

Litecoin is changing hands at $67.20 amid the resumed recovery on the cryptocurrency market. The coin has gained over 12% in seven days, though the upside has stalled on the weekend.  Litecoin takes the 7th place in cryptocurrency rating with market value $3.77B and average daily trading volume $229M.

Meanwhile, Litecoin Foundation aims to attract young talents, by inviting students to Litecoin Summit at the South San Francisco Conference Center on September 14-15 free of charge.

“This is great! These students are the future and will help us realize the full potential of #crypto & #blockchain.  

We’re offering FREE DAY 2 tickets for students! Use code StudentpassLF at checkout and bring a valid student ID to the event,” the official announcement goes.  

According to the latest statistics, over 42% of Universities included crypto and blockchain in their curriculum.

Litecoin’s technical picture

On the longer-term level, LTC/USD is capped by $69.00 level with DMA50 on approach. Once this area is cleared, the upside may be extended towards psychological $70.00 followed by $81.42 (23.6% Fibo retracement) and $82.00 (DMA100). On the downside, a sustainable movement below $61.00 will trigger sell-off towards $60.00, followed by $55.66 (August 13 low).

LTC/USD, 1-hour chart

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