Litecoin News Today – Litecoin LTC Price Rises by 11% In Bull Recovery Spike – March 21st, 2020

  • Litecoin price rises by 11% in a recent bull run
  • Litecoin price formed a dip near $38 today
  • Litecoin is still down by 90.16% from its ATH 

Litecoin news today – The digital asset market is now slowly gaining momentum. The Litecoin price is now trading with bullish bias since the opening of trade today. This morning the coin has firmly climbed above the $40 area. The digital asset is currently pacing up the present market sentiment. The LTC/USD pair has turned bullish on the day. While the price of Bitcoin has climbed over the $6k mark, XRP and ETH are testing resistances with positive bias as well. All in all, it is a good day for the asset class. The price of Litecoin opened trade 24-hours ago at $34.95. The coin remained in that zone during the initial hours of the day. The digital asset’s price escalated above the $40 area. Before the close of trade yesterday it was one step above the $40 mark.

Litecoin Price Prediction – Litecoin LTC Price Signaled a Dip at $38 on the Day

According to the charts, the price of LTC formed a dip close to the $38 area today. This point is where there is a bullish pattern. LTC’s price later reached as high the $43 area before pulling back below the $41 for a some time. At press time LTC was changing hands at $41.53. The LTC technical indicators are indicating mixed signals for its upcoming price movement. While the coin is above its 200-day EMA, the SMA’s are bullish. The MACD pattern for LTC/USD may enter the bearish area upwards. The price of LTC is now running at four consecutive trade sessions in the green zone. Litecoin was reportedly trading at the $41.321 area up by 10.95% on the day. This was the biggest daily percentage gain since the 19 of March.

Litecoin LTC Price Forecast – Litecoin LTC Price is Down By 90% From its ATH

Litecoin (LTC) Price Today – LTC / USD

NamePrice
litecoin
Litecoin
$49.06

The LTC move upwards managed to push the market cap of Litecoin to $2.664 billion. At its highest point, the market cap of Litecoin was up to the $14.099 billion area. Litecoin price traded in a range above the $38.096 and the $43.486 area in the past 24-hours. Over the last seven days, the price Litecoin has risen in value, it has gained the 17.74% point. The volume of LTC has traded in the last 24-hours to press time at the $4.875 billion. The coin has traded within the ranges of the $29.4474 to $43.4857 within the last seven days. At the current price level, the Litecoin value is still down by 90.16% from what it posted at it’s all-time high, $420.00 on 12 December 2017.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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