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Litecoin [LTC] Technical Analysis: Bullish momentum stalls as token recovers slowly

Litecoin [LTC] continues to walk on the path to recovery after the slump that hit the coin and the cryptocurrency market, in general, this January. In fact, the cryptocurrency, the silver to Bitcoin’s gold, has registered a good growth rate of 4.48% over the past 24 hours at the time of press.

Litecoin [LTC] holds on to the seventh position on the list of the world’s largest cryptocurrencies with a market cap of $1.995 billion. It also had a 24-hour trading volume of $816 million with contributing the most at 8.01% via the trading pair of LTC/USDT. At the time of press, LTC was valued at $33.13.


Source: TradingView

The one-hour chat for the LTC market is witnessing a brief uptrend that has extended from $30.75 to $32.26. The uptrend has wiped out the previously prevailing downtrend that had extended fro, $31.37 to 430.65. The resistance point holds firm at $33.23 while the support point at $31.98 may or may not be breached owing to the next few trading…

Read Full Story : AMBCrypto

2019-02-03 08:55:21

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