Although few people expect the upward momentum of the cryptocurrency market this weekend, reality can work in fun ways. All major markets go through a revival of sorts, which is more than welcome after a rocky start until 2019. The Litecoin price has recorded a gain of 5% in the last hours, which is a rather impressive trend, all in all.
litecoin Price surge
Many things can be said about Litecoin. It is the silver of Bitcoin's gold. There is very little technical innovation. Regardless of how you feel about the project, it remains one of the most valuable alternative currencies on the market. As such, it is normal that there will be intricate price fluctuations as time progresses. A trend like this is happening right now, which shows that altcoin is in a good place.
In the last 24 hours, there has been a 5% increase in value in USD and a 2.5% improvement in LTC / BTC. Both of these trends are always more interesting to keep an eye on. Now is the time to make money on Bitcoin, even if the price of Bitcoin is also growing well. Based on these circumstances, the weekend could be very positive for LTC
There are many interesting developments when it comes to Litecoin. The big news is how Coingate introduced the Litecoin Lightning Network this week, which further confirms how truly versatile this project is. Litecoin is more than capable of maintaining its own respect to Bitcoin, but the current also uses many of the same technological layers.
We will not postpone the next big launch – #Litecoin #LightningNetwork it's ON !!! We started the process together with our first selected merchant @SurfsharkSecure. Others will join soon! For now, dig into our blog post for more information! $ LTC @SatoshiLite @LTCFoundation https://t.co/rGLrxYD3Fo pic.twitter.com/tzbbALS9hF
– CoinGate (@CoinGatecom) 17 January 2019
Another great development to keep in mind is the form of OpenBazaar. Project developers have recently revealed version 2.3 of the platform, which comes with the support of mutli-wallet. In this way, Bitcoin, Bitcoin Cash, Litecoin and ZCash can now be used without too much trouble. This is another major development of the project, but it can also have great repercussions for the Litecoin community itself.
– OpenBazaar (@openbazaar) January 18, 2019
When it comes to technical analysis, everything is possible, from the aspect of things. It is difficult to make sense of the cryptocurrency market movements in the best of times. This sudden explosion surprised many people, for rather obvious reasons. As such, momentum can also disappear very quickly, which is rather worrying.
– Crypto Dju (@CryptoDju) 19 January 2019
Although there is still a lot of positive momentum in the Litecoin market, supporting any upward trend will remain difficult. One thing that works for Altcoin is how there is a lot of trading volume to deal with. More specifically, there are about $ 570 million in volume, which is quite large for a weekend. If you are able to keep Litecoin party going, it's a different matter.
Disclaimer: this is not about trading or investment advice. The article above is for entertainment and training purposes only. Please do your own research before buying or investing in any cryptocurrency.
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