[ad_1]
Litecoin is outperforming the different main cryptocurrencies thus far at present and is up by greater than 7% in the final 24 hours.
LTC, the native coin of the Litecoin blockchain, is up by greater than 7% in the final 24 hours. The coin is at present the greatest performer amongst the high 100 cryptocurrencies by market cap. At press time, the price of Litecoin stands at $62.15.
There isn’t any catalyst behind LTC’s ongoing optimistic efficiency. The rally comes as the broader crypto market embarks on its restoration after underperforming in the final two days.
The whole cryptocurrency market cap stands above $835 billion, up by lower than 1% in the final 24 hours. This latest cryptocurrency news comes as Bitcoin makes an attempt to transfer previous the $17k resistance level after rising by roughly 2% at present. Ether at present stands at $1,218, up by greater than 1% in the earlier 24 hours.
Key ranges to watch
The LTC/USD 4-hour chart is bullish, as Litecoin has been performing effectively over the final 24 hours. The technical indicators present that LTC is outperforming the broader cryptocurrency market.
The MACD line crossed into the optimistic zone a couple of hours in the past, indicating that the bulls have regained management of the Litecoin market.
The 14-day relative power index stands at 61. If the optimistic efficiency continues, LTC might enter the overbought area over the subsequent few hours or days.
If the bullish momentum continues, LTC might transfer previous the first main resistance level at $69.04 earlier than the finish of the day.
In the occasion of an prolonged bullish efficiency, Litecoin might surpass the $75 resistance level for the first time this month. However, it could want the assist of the broader crypto market to attain that level.
The market is just not utterly bullish, which suggests the bears might nonetheless regain management. If that occurs, LTC might slip beneath the $57 assist level over the weekend.
Where to purchase Litecoin now
eToro
eToro presents a variety of cryptos, equivalent to Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro customers can join with, study from, and replica or get copied by different customers.
Bitstamp
Bitstamp is a number one cryptocurrency change which presents buying and selling in fiat currencies or standard cryptocurrencies.
Bitstamp is a completely regulated firm which presents customers an intuitive interface, a excessive diploma of safety in your digital belongings, glorious buyer assist and a number of withdrawal strategies.
[ad_2]
Source link
