[LTC] Litecoin Price Up By 2%

Litecoin is an old and trusted name when it comes to the world of cryptocurrencies. The digital silver of the crypto-world has been one of the most popular, stable names in the markets. Litecoin has gone through a number of ups and downs over the past 3 months. While late-2017 was the boom phase – the currency has been falling in a downward spiral over the next few months. 

Litecoin, which boomed in February 2018 despite the markets being in a bloodbath phase is back in the doldrums as the uptrend reversed after LitePay and Litecoin Cash both flopped. However, at a time when it seemed that Litecoin was destined for a major crash, even possibly hitting $90 to $65 levels – the cryptocurrency markets finally started off on a major bullish momentum. 

Litecoin prices, over the past 24 hours, surged from $126 to $129 – a growth of almost 2% over the period. Litecoin’s market cap has also shot up from $7.0 Billion to $7.24 Billion, surging by $240 Million over the day. Litecoin had a slow start when the price boom started off but the currency eventually made up for it. 

The week-long performance of Litecoin has been even more impressive as the currency’s market cap boomed from $6.5 Billion to $7.24 Billion over the week. However, even through the boom-phase, the price did drop to $113 momentarily, which was the lowest point of the week for Litecoin. The currency started off the week at a price of $117 and closed at $129!

Litecoin prices, as per market experts, are all set to boom even more – though the pace would be glacial – as it has been in the past. The next major target for Litecoin price is that of $138-$142, following which it would easily cross the $150 mark before meeting a major resistance. Investors are advised to set their stop-losses and targets accordingly. 

For more Litecoin price related updates and news stay tuned to Cryptocrimson or you can also bookmark our page. We’ll also keep adding updates to this article for real-time analysis. 

Disclaimer: Neither the management nor the authors at CryptoCrimson are responsible for any losses, financial or otherwise, which may occur due to investing based on our articles. These are market predictions – which are not set in stone. The information provided is only for educational purposes and cannot be considered a financial advice. 

Be the first to comment

Leave a Reply

Your email address will not be published.