Bitcoin BTC is currently trading at $11,836.24. It is up by 0.57% against the USD with a trading volume of $23,609,142,322 and a market capitalization of $218,516,910,943.
Even if the foremost cryptocurrency is gaining bullish momentum, it still hasn’t gotten enough strength to move above the $12000 level near-term. Ethereum ETH has been leading the pack for several days with current prices at $435.01. It is down by 0.76% against the USD and down by 1.29% against Bitcoin BTC. The trading volume over a 24 hour period is $13,413,611,332 and the market capitalization is $48,804,730,993.
This morning, Litecoin LTC started the trading day down by 0.66% against the USD. While this was just a $0.38 minus from the last trading price yesterday. As the token declined, the volume also dropped. The volume was down by 4.07% from yesterday and down by 31.18% from seven days ago.
The price of Litecoin LTC is close to the 20 day moving averages and this is acting as strong resistance preventing the token from moving above the $60 level near-term. Over the last two weeks, Litecoin’s volatility has been contracting compared to the volatility the previous month. The clearest trend for Litecoin LTC is currently clear on the 30 day chart.
Considering the fact that the token has been trending higher more days than it was trading lower against the USD, there is a strong chance that it will cross that $60 level soon.
Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.
- Litecoin LTC Gathers Momentum as it Attempts to Rise Above the $60 Level
- Litecoin LTC isn’t Rising in Isolation, it is Rising Along With Many Other Altcoins at the Same Time
Litecoin LTC has been on fire since the beginning of the day recording higher highs against the USD and Bitcoin BTC. As the price of the LTC token surged, it attempted to move above the resistance at $60 but it continued to stall as the momentum wasn’t enough to take the price higher.
In the first four hours of trading today, the Litecoin LTC token ended the positive streak and started declining against the USD. Thankfully, the token regained the momentum shortly after that period.
Litecoin LTC Starts Gaining Momentum
At the time of writing, the price of Litecoin LTC was $59.40. This means that it was up by 3.92% against the USD and up by 3.27% Bitcoin BTC. The trading volume over a 24 hour period is $2,966,043,289 and the market capitalization is $3,875,949,640.
Compared to the other top five instruments Litecoin is the 4th in terms of price change. This is because all the other tokens are currently bullish against the USD.