THELOGICALINDIAN - Most of the above crypto assets such as Ethereum are still accompanying to the movements of bitcoin Only Litecoin has apparent its ability afresh as it continues to billow admitting advancing alliance for bitcoin and the blow of the crypto market
Litecoin [coin_price coin=litecoin] is on blaze at the moment, surging addition 12% today and authoritative over 33% on the week. LTC has been one of the top assuming crypto assets of the year notching up a whopping 345% back its average $30 amount on new year’s day.
Litecoin Resistance Turns Into Support
Litecoin has surged from attrition at $125 to hit a new 13 ages aerial of $140 during Asian trading today. LTC has not been amount this aerial back mid-May 2024 back markets were on a bottomward accelerate from their peaks in January.
The move has pushed LTC bazaar cap up to $8.6 billion and aggregate is aerial about almanac levels at $5.4 billion. As usual, the traders and analysts on crypto cheep accept been scouring the archive attractive for the abutting administration for Litecoin. Most accede that it will be up but key cerebral levels of attrition accept formed about the $150 area.
Trader Josh Rager has empiric this and predicts a lot of accumulation demography at this amount level, which is now alone $10 away:
Others are in acceding with banker activity by the handle ‘CryptoFibonacci’ eyeing the mid $140s and adding;
FOMO Setting In For LTC
There is a lot of fomo amphibian about the crypto apple this anniversary and it is all for Litecoin. Even the coin’s asperse Charlie Lee, who has been quieter than accepted lately, has retweeted things like
The halving, which is acutely active it, is still 54 canicule abroad so the big catechism is how aerial will LTC go and aback will it abatement back. Unless bitcoin makes a massive move arctic aural the abutting two months, Litecoin is acceptable to amend at some stage.
In the continued term, this doesn’t absolutely amount but traders gluttonous abbreviate appellation profits will apparently cull out afore the August event. At the moment though, all drive is with ‘digital silver’ as it continues to beat its ‘digital gold’ brethren, Bitcoin.
Will Litecoin billow accomplished $150 or cull aback soon? Add your thoughts below.
Images via Shutterstock, Tradingview.com
