Litecoin Made a Strong Bounce Back of More than 15% in a Day; Got Better off with the Position

Meta Data: Litecoin has shown some sign of strengthening. As of now, the trends are bullish but be cautious in trading.

There is a piece of good news for the investors of Litecoin (LTC), as from now onwards they can use LTC chips on Coincards.com to purchase gift cards. These gift cards can be used at retails like Starbucks, Amazon & the Nintendo e-shop for purchasing various products. The trading price of Litecoin (LTC), against the US Dollar, was around $92.875.

Yesterday the coin opened at $79.41 and with a bounce back of 13.10%, it closed the day around $89.81. Litecoin made a sudden jump of 19.78% in the 2^nd half of the other day and moved to the levels of $94.089. The crypto has been hovering around those levels since then. Additionally, at the time of writing, it was up by almost 18% from yesterday’s value.

As per our prediction, Litecoin (LTC) will move further from here and expected to surpass the $100 mark soon. At present, the immediate support for the crypto is at $85. Additionally, the resistance for the altcoin is at $96.07.

Litecoin seems to gain back its market position. Earlier, yesterday we called for buying the coin for a huge return in the short-term. And our prediction turned out to be true. Again, at the current level, go for buying as the crypto is expected to move up from here. As far as trends are concerned, the short-term is bullish.