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A lot of people had almost forgotten about Litecoin before altcoin make some serious moves at the start of 2018. Although it may take some time before the LTC still exceeds $ 250, the current momentum is not bad either. Gaining stability at the $ 55 level will be the first priority at this time, given that increasing trade volume should make it possible. The small loss on Bitcoin can become a slight concern, though.
Price Litecoin hits $ 55 finally
Although this has come a while, litecoin it struggled a little before reaching $ 55. While its value has remained surprisingly stable between $ 45 and $ 50 for a long period, traders and speculators are always on the lookout for the next stage. In the case of Litecoin, the recent $ 55 push allowed for some interesting momentum, although it seems that finding stability will become the next logical goal.
In the last 24 hours, the Litecoin price has increased by another 1.2% in the USD department. These gains are slightly offset by a net loss compared to Bitcoin, although this discrepancy is not yet disconcerting. A lot of altcoins are losing value against Bitcoin at this time, although most deficits are less than 0.5%. For Litecoin, this should not represent any real problem.
The big news is how the Litecoin payments arrived Facebook Messenger users in the last few months. Lite.im is an important service that can make Litecoin payments much more widespread, especially as digital transactions are increasing globally. Although it remains to be seen how successful this service will be, it is an important step forward for LTC altogether.
Charlie Lee, the creator of Litecoin, is confident that things will continue to improve for Litecoin in the coming years. Its main objective is to ensure that LTC is traded globally before convincing traders and companies to use this altcoin on other cryptocurrencies. This approach makes a lot of sense first of all, since liquidity must be established as quickly as possible.
Charlie Lee (@SatoshiLite ) calculates how powerful litecoin can be in the future for all payments and transactions.#Litecoin #qryptoquotes #indon pic.twitter.com/XOZKjQLtQt
– Qrypto.Tech (@QryptoTech) November 7, 2018
For those looking for technical indicators, it seems like things are still very positive for Litecoin right now. More specifically, there is a lot of upside potential waiting to be explored in the coming weeks, although that does not mean that there will not be big jokes along the way. For now, the battle for $ 55 is still in place, which is not necessarily a bad thing.
All cryptocurrencies have seen a massive uptrend in recent days. It is normal for the markets to have to catch their breath sooner or later. A small review or dive will materialize at the end, and it seems that Litecoin may be one of the first markets to go through such a trend. Even so, the long-term uptrend is still in place, no matter how things might look like in the next 24 hours.
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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