Litecoin (LTC) is slowly getting back to its winning ways though the crypto market volatility is still strongly continuing. The price of LTC rose slowly from a sluggish start in the upward direction over the past three months. The price has been moving in the range between 38.73 – $81.87 showing an indication of the currency to move towards a stable upward momentum.
Litecoin Price Analysis
LTC price seems to be in a good phase right now, as seen from the 3-month price trend. The coin was trading at $49.05 on November 29, 2019, and then it slid to $38.73 on December 18, 2019, by 21.31% fall. On January 17, 2020, the price of Litecoin took an upward swing and reached $61.24, showing an upswing of 58.47%. The coin had a minor setback on January 24, 2020, when it fell to $51.86, showing a fall to the extent of 15.10%. From here onwards, the currency started showing upward momentum and reached $81.87 by a massive hike of 57.87%, indicating that the coin is ready to bounce back from bearish pressure. The current day has, however, seen the price of LTC move down slightly to $73.20, the fall being at 10.59%.
Litecoin price continues to beat the bear pressure slowly and steadily for the past three months. Analysts expect the price of LTC to have a bullish upswing during the year. With the coin slowly making an upward stride, the investors can now heave a sigh of relief and continue to hold the investments from a long-term perspective.