Today may prove to be a very interesting day for the cryptocurrency industry as a whole. A lot of currencies are in the green again, even though the overall momentum remains very brittle.
The Litecoin price is going through a very positive spell right now, as its value has successfully surpassed $60.5 once again. It is rather unexpected to see the Litecoin price go up in such spectacular fashion over the past 24 hours. Although this is an altcoin which heavily relies on Bitcoin’s momentum – just like any other altcoin – it is still an interesting trend worth keeping an eye on today.
If this momentum remains in place for more than a few hours, the markets will undergo some big changes. For the Litecoin price watchers, these past 24 hours have resulted in a lot of unexpected momentum first and foremost.
This solid 7.02% increase over the past 24 hours is quite spectacular, although it comes at a very crucial period for Litecoin. Even so, there is no guarantee of maintaining this momentum for the foreseeable future, as anything can happen in the cryptocurrency industry.
There is also an interesting development in the LTC/BTC ratio over the past 24 hours. More specifically, Litecoin has gained a surprising 3.47% over Bitcoin, which is a more than welcome turn of events for this particular altcoin. Even so, it is only normal altcoins will be on the rise once Bitcoin stops bleeding value. Read more from nulltx.com…
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