Litecoin Shows Bullish Trends, Touches $57

  • Litecoin finally takes up the bullish trend.

Litecoin embarks recovery after a long week of tremendous fall. The traders were eagerly waiting for a miraculous recovery and look like it may take place today. LTC is dealing with at $57 and the coin could be seen climbing $60. The last quarter of the year started with a bullish trend.

In the last 90 days, Litecoin touched a high at $126.67 USD and a low at $51.84 USD. We believe that the ongoing quarter might break the highest counter. Talking about today, LTC is expected to deal with a profit.

LTC to USD Price Comparison:

The data feed is taken from Biftinex on October 1, 2019, at 06:24:23 UTC for price analysis.

Litecoin Price
Litecoin Chart By TradingView

Yesterday, LTC started the day with a slight drop from $54.10 to $52. Later, LTC picked up from $52.9 to $55.7 by 5.21% and the currency kept the upsurge intact. The day closed at $56.37; the intraday escalation was 4.16%. Litecoin began with an upward movement of 2.57% in today’s market and the price counter switched from $56.37 to $57.82 by 2.57%. The rest of the day might be seen hovering at the same level.

The coin is considered to have great potential; It can be the biggest competitor for Bitcoin in the future as per our 5 years LTC Price Prediction. This year Litecoin was performing marvelously in the first two quarters. The last quarter was quite wobbly, which took Litecoin down.

Litecoin is likely to give a colossal profit to the long-term traders. The short-term investors could also book dividends, but that might not be the expected result.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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