2019-6-1 22:36 |
The cryptocurrency markets have experienced a full day of extreme volatility after Bitcoin broke above $9,000 to crash back… The post Will the Recent Price Fall Drop Litecoin Beneath $100 appeared first on Invest In Blockchain. origin »
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Litecoin $LTC is making noteworthy progress in the market in comparison with several other projects that highly depend on Key Opinion Leaders (KOLs).
Key takeaways LTC is down 1. 7% in the last 24 hours and is trading above $93 per coin. The bearish performance comes amid weakening demand. LTC stays below $100 The cryptocurrency market has underperformed earlier this week, but the selling pressure has subsided in the past few hours.
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Litecoin price jumped more than 10% to breach resistance at $130 The altcoin is trending among top gainers today as traders ride spot exchange-traded funds sentiment. If LTC goes parabolic amid ETF approval, analysts target gains to $400 and higher in coming months.
Litecoin price jumped more than 12% to break above $120. Gains came amid a broader crypto market bounce that also saw Bitcoin and Ethereum hit highs of $118,500 and $4,300. ETF speculation, treasury strategy bets and overall macroeconomic conditions suggests LTC price could see a new all-time high in this bullish cycle.
Litecoin’s latest bounce has the LTC price above $110. Analysts project an uptick to $140-$150 targets if momentum sustains. Litecoin’s performance aligns with major altcoins like Ethereum and Solana.
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