Will Litecoin Continue Its Stupendous Rise Under Volatility?

 Will Litecoin Continue Its Stupendous Rise Under Volatility?

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 (LTC) Price News

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.

Harold Sanders

Harold Sanders is a seasoned writer with over two years of experience writing about blockchain and cryptocurrencies. Harold's passion for Litecoin bloomed in late 2016 and he hasn't looked back since. Cryptonews technological and economic implications are what interest him most.

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