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Price Analysis

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. 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.

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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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