Litecoin Price Spectacular Run: $160 Record High

Litecoin Price Spectacular Run: $160 Record High

The minute that things did seem a little-off with the original leading altcoins, Litecoin returns gaining with the start of the weekend touching above the $160.00 mark.

Litecoin Still Strong in the Race

After not doing much throughout the whole start of December having experienced a dip on Nov 30 towards the $75.00 level, LTC price rocketed climbing above the $160.00 mark today – Dec 9. The range bounding pattern should have been expected during the massive surge Bitcoin was experiencing as it showcased a true challenge for any altcoin not to increase – but just to hold base.

litecoin forecast

source: coinmarketcap

As per the moment, Litecoin is being paired with US Dollar at $159.60 with 61.89 percent upwards walk in the last 24-hours. Such a rally is hard to experience if you have cemented your position in the top-10 leading cryptocurrencies by market capitalization.

litecoin investing

Having quite the over-extension –  the pair LTC/USD could correct anytime soon around $150.00 or just over $145.00 which might mark the creation of a new stable trading ground [if traders roll back: around just a month ago Litecoin had resistances overcoming the $60.00 mark – that is how dynamic this market can be!]

However, seeing the confidence and optimistic thinking from the good start of the weekend, the surge could possibly continue even higher and test the $200.00 for the first time. Litecoin just added $3 billion to its market cap hoisting it up to $8.65 billion in a matter of hours making it a real challenger for Ripple $9.5 billion size.

The silver could be of lower value than gold, but as we remember it did its purpose very well!

(Why?)

Source

Reply

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.