Since the cryptocurrency market is slowly starting to attract bulls, Litecoin [LTC] has achieved good results and has remained well away from selling pressures. The currency has already reached the highest level in more than a week. But this positive movement was foreseen, above all because the crypt did not behave as well in the last few days. Over the past seven days, the value of LTC had risen only 1.7 percent while in the last month the price of the currency had risen by just 1 percent.
LTC / USD
Virtual currency had previously found support for $ 56.15. Since then, the currency has continued its trajectory towards the top, but may not be able to scale up to $ 60. However, the current recovery is encouraging even though most major altcoins are only recording modest earnings.
The RSI hourly indicator is currently at 58.4, indicating a significant buying interest. The MACD, at the time of writing this document, showed that the digital asset was experiencing a bullish momentum. The 100 EMA line indicates that LTC is in an uptrend. The coin exhibits a significant trading interval of $ 56.02- $ 58.69. As of 1204 GMT, the virtual token had risen 7.1 percent against the US dollar to trade at $ 57.60.
LTC / BTC
At that time to write, the crypt had increased by 6.4% against BTC. Currently, an LTC is equivalent to about 0.0088 BTC.
Litecoin [LTC] Price Prediction 2018, 2020
- Steemit.com predicted that the digital asset could reach $ 3,500 by 2020 while Longforecast.com expects virtual currency to be in the range of $ 780- $ 1,374 in 2020.
- According to Smartereum, experts believe the crypt could potentially close the year at around $ 600 or so. Investingpr.com predicted that the price of the currency could reach up to $ 1,000 within this year
Litecoin [LTC] Latest updates
Just this week, Bittrex – a cryptographic exchange with based in the United States – modified gateway fiat platform – announced that it would open up the dollar markets for Litecoin [LTC] and Tron [TRX]. USD pairs will be launched on the platform Monday
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