The crypto market has struggled to stay in the green for most part of Q2, as the bears strike more frequently and aggressively. The crypto market began this week deep in the red zone, laying off the gains of the previous week.
Litecoin (LTC), like most other cryptocurrencies began the week in the red, faltering to as low as $116. While many analysts predicted that LTC could hit lower trend lines in the coming days, Litecoin (LTC) has recovered rather nicely from the low support level of $116.
For Litecoin (LTC) to hit a major bull run, it must break the $122 resistance, which it is not so far away from. Following a hike of 2.94% over the last 24 hours, Litecoin (LTC) is currently trading at $121.24 USD.
The upward trend of LTC in the market is refreshing, and if Litecoin persists further to break the $122 resistance, the next stop would be the $130 mark. On the flip side, if the value of LTC slips below $120, we could see the asset hit a low support level of $116 against the US Dollars.
As a result of the recent uptrend, Litecoin’s market cap is up by over 80 million USD. As at the time of this writing, Litecoin has a market capitalization of $6,893,393,976 USD, making it the 6th largest cryptocurrency by the same measure. Read more from stocksgazette.com…
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