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Litecoin [LTC] Price Analysis: Joy for the market as bulls seize bear’s kingdom


Litecoin [LTC] is enjoying a decent bullish run over the past few days and is recovering from the early January slumps that hit the cryptocurrency market. That said, it has seen a negative growth rate of 1.63% over the past 24 hours. It is presently valued at $33.63.

At the time of press, Litecoin [LTC] had replaced Tether on the list of the world’s largest cryptocurrencies in the sixth position and has a market cap of $2.03 billion. LTC also had a 24-hour trading volume of $773 million, with the exchange Coineal contributing a significant 7.63% of the trade via the trading pair LTC/BTC.

1-hour

Source: TradingView

The one-hour chart for the LTC market suggests that a brief downtrend extending from $34.24 to $33.53 has cut into the gains the LTC market enjoyed over the weekend. These gains were reflected by the uptrend that extended from $30.75 to $32.86. Both the support points at $32.83 and resistance point at $33.67 are holding for the time being. However, they may soon be…



Read Full Story : AMBCrypto

2019-02-04 15:30:45

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