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Litecoin [LTC] Price Analysis: Bulls wrest control as LTC market looks to breach more short-term resistance points


Litecoin [LTC] has been building some short-term momentum over its slow recovery yesterday after a bear attack had previously stalled their early February momentum. The market is moving steadily upwards with a growth rate of 1.58% over the past 24 hours.

At the time of press, Litecoin was valued at $33.84. Over the past day, it has overtaken Tether and Bitcoin Cash and now stands fifth on the list of the world’s largest cryptocurrencies, with a market cap of $2.042 billion. LTC has a 24-hour trading volume of $667 million with the exchange a contributing a significant 8.62% of the trade via the trading pair LTC/BTC.

1-hour

The 1-hour chart for the LTC market suggests that the bulls have managed to wrest some initiative from the bears and have posted some decent gains over the past few trading cycles. The uptrend remains minor, however, extending from $32.05 to $32.52 and is still some way from overhauling the downtrend from $34.03 to $32.44. Recent bullish…



Read Full Story : AMBCrypto

2019-02-08 12:00:52

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Written by Ambcrypto

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