Litecoin salt of 8%, returns above $ 25

Litecoin salt of 8%, returns above $ 25

On December 10, Litecoin fell below $ 25 and since then the currency has not been able to go back. On Saturday, when the market took another big hit from the bears, Litecoin dragged himself further down and hit a new low of $ 22. At this point, there were all indications that prices would fall further. and they would hit $ 20. Surprisingly, however, the bulls called for an answer and the currency is growing again. After starting yesterday with marginal gains, today, the coin has obtained a spectacular show making it the best interpreter in the top 20 cryptocurrencies.

The market is green today, with most of the coins recording gains, many of these were price adjustments after the market plummeted dramatically over the weekend. Most of the gains are marginal, ranging from $ 0.50 to 5%. Bitcoin, in particular, slipped below $ 3,300 and went well below $ 3,192, but rose to $ 3,260 at the time of the press. Yesterday's fall triggered a massive sell-off across the market seeing the market lose more than $ 4 billion.

Among the losses, a quick recovery was crucial for Litecoin as it was able to overcome Bitcoin Cash. As reported, a subsequent overtaking of Bitcoin Cash by Litecoin would make it the third case where Bitcoin Cash has been outdated in the last two months. Before Litecoin, Bitcoin Cash was superseded by Stellar and EOS. This move has fueled the bulls of the currency to push towards a better performance from the currency and the same has caused the increase of 8% in the last 24 hours.

At the time of printing, Litecoin is trading for $ 25.70. In the next few hours, Litecoin could collect and hit more than $ 26 as the market continues to extend its earnings.

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