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Litecoin [LTC] Price Analysis: Token surges by 30%; bullish momentum to continue


After an incessant period of declines, all the cryptocurrencies listed on the CoinMarketCap are blazing green apart from a few losers. However, a big chunk of it is credited to the massive bullish effect by Litecoin [LTC], which pumped over 30% in the last 24 hours.

Currently, the fourth-largest digital coin in the world after replacing EOS, LTC has been escalating since late Friday mounting to a market cap of $2.65 billion.

The crypto coin, as recorded on Friday, opened at a valuation of $33.24 and closed at $43.46. LTC retraced back to a low of $33.01 before shooting up to a high of $43.90, breaking resistance at different levels.

At the time of writing, LTC had been trending with a market cap of $2.71 billion, priced at $4.52. The total volume of the coin traded during the last 24 hours has been registered at $1.95 billion.

1-hour

Source: TradingView

LTC escalated significantly from $33.41 to $42.62, along with a small downward trend from $33.91 to $32.74. If the coin continues…



Read Full Story : AMBCrypto

2019-02-09 11:00:20

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Written by Ambcrypto

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