The massive price rally in the digital currency market last week was fascinating. The prices of digital currencies were heading to the moon, trading volumes were on the high side, and the valuation of the entire crypto market also tested a new yearly high. Bitcoin (BTC), which was trading below the $5k level, surged over the $6k and broke over the $7,000 barrier. Many didn’t see this coming, and more digital asset investors returned to the crypto space as a result of this massive price surge.
Many digital currencies were carried along during the massive crypto bull run. One of the highest gainers during the bull run is Litecoin. The price of Litecoin (LTC) surged significantly and broke over a long-term resistance level.
LTC broke over the short-term Litecoin price prediction and headed for the $100 mark. Litecoin is a promising digital currency. Many digital asset Investors consider it as one of the best cryptocurrency to invest in 2019. The bullish Litecoin news today and Litecoin price prediction are also acting as a great support for the coin. The team behind the coin is also working to increase the adoption and relevance of the digital currency in the crypto space.
Litecoin Price Rally Takes a Break to Gather More Bullish Traction – What Would the Price of Litecoin Be In the Coming Months?
After breaking over several resistance levels, the sharp, rapid rally in the crypto market decided to slow down. However, this does not mean that the bulls are weakening out. The crypto bull run is not over yet. The price of Bitcoin (BTC) is still comfortably over the $7k level. Ethereum (ETH), which also broke a major resistance level and surged over the $200 mark, is now trading around the $190 level.
Many digital currencies are now in the red, as they are getting ready for the next crypto bull run. However, a few digital currencies are still trading in the green. Binance Coin (BNB) is still up by more than 9 percent over the past day. The digital currency is now trading close to the $24 level. Binance recently went through a challenging phase, and this had a slight impact on the price of digital currencies. Nevertheless, the price of Binance Coin (BNB) has refused to be affected and it is sailing with the bulls like nothing happened.
Litecoin Price Analysis – Litecoin Price Prediction – Litecoin Price Forecast – Litecoin News Today – LTC USD Live Price
The price of Litecoin recently broke over the $84 resistance level and surged towards the $100 mark. LTC USD price tested a new yearly high close to the $96 mark before it started correcting lower. The price of Litecoin plunged lower and broke below the $90 support level. It also broke below the 23.6 percent Fibonacci retracement level of the previous swing from the low of $72 to the high of $96.
At the moment, the $84 resistance level is now acting as support for the coin. On the upside, the digital currency is facing resistance at the $86 level.
Litecoin (LTC) Price Today – LTC / USD
At the press time, the LTC USD price is $85 after a decrease of about seven percent over the past day, according to CoinMarketCap. The current market cap of Litecoin (LTC) is $5.24 billion. The trading volume of the digital currency over the past twenty-four hours is $4.98 billion.