The crypto market had a rough time trying to stay in the green for the second quarter of this year because the bearish trends kept growing in intensity and frequency. This week started with a red zone for most of the cryptos, and Litecoin (LTC) was no exception.
Its price fell to $116. On the other hand, expert voices from the crypto space keep predicting that LTC may reach even lower prices in the upcoming days, the coin managed to pull itself together at it recovered from the low support level.
For the crypto to hit a bull run, it had to break the $122 resistance, and this just happened. After a hike of 2.94% in the past 24 hours, LTC is currently being traded at $122.16.
The LTC market is in the middle of an upward trend. As the crypto managed to get past the $122 resistance, the next stop will be the $130 mark.
On the other hand, if things don’t go as planned and the crypto falls below $120, it may hit a low support level of $116 again. In March, payments via cryptos have been disabled from Reddit which is the largest community of tech and crypto enthusiasts. Read more from oracletimes.com…
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