Litecoin Breaks $ 50 mark, rebounded by 2.73% and continues to make a strong resistance

Litecoin Breaks $ 50 mark, rebounded by 2.73% and continues to make a strong resistance

Litecoin has recorded slightly impressive gains in the last 24 hours. The seventh largest cryptocurrency in the world according to data from coinmarketcap, which was hanging behind the $ 50 brand in the last three days has made a slow and steady rebound in a 24-hour course.

The token was able to rise slightly by $ 2.78%, keeping it at $ 50.40, a reassuring climb that may have prevented traders from thinking that the token would have challenged the bear market to shrink a bit. close to $ 50, but this time keeping its new position slightly above its previous trading price for the last three days to hang at $ 50.10. "width =" 800 "height =" 550 "srcset =" 800w, https : // 300w, 1-768x528.png 768w, 100w, 2018/11 / chart-1-1-218x150.png 218w, 436w, https: // zycrypto. it / wp-content / uploads / 2018/11 / chart-1-1-610x419.png 610w "sizes =" (maximum width: 800px) 100vw, 800px

Although this is not a very reassuring position for LTC traders, the token still makes a statement and rebounds to $ 50.16 and moves quickly up to $ 50.22 in minutes, at the time of writing.

Noting the state in which the token was able to collect its 2.78%, it may take the next 24 hours for Litecoin to make its next significant peak; over $ 50 or less? The next 24 hours will say. For now, the coin seems to be constantly moving, amid slight losses.

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Considering its trading of 3.6 billion, and the increase if the investment fund this year, Litecoin was expected by both operators and the "experts" of cryptocurrency to round off with a total price of $ 600. Against its current price of $ 50, the token will need a good increase of $ 450, an unlikely possibility even though the currency will exceed its $ 50 point of view.

Litecoin had a very impressive run in 2017 when it slipped away from its January 2017 price of $ 4.05 for a substantial $ 43.26 in June 2017 and continued to falter the heaviest storms in 2018 when it moved over 50% to stay at $ 180 in January until his fall to $ 50.

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