Litecoin is among the top trending cryptocurrencies of the market. The coin has already shown its potential in the past. The coin is speculated to turn out as the biggest competition for Bitcoin in the future. The current momentum in the currency looks promising. The investment in the coin would bring flourishing results.
Litecoin Price Analysis
Litecoin price was spotted at $71.10 on February 06. Towards the half-day, the coin was seen escalating tremendously. The price counter touched by LTC was $74.81 by 5.22% hike. Then, the coin faced steep fall and the price touched $72. After this fall, Litecoin trades moderately till the end of February 07. On the next day, the LTC price plunged to $71.68 by 3.78% and then, the coin started showing a strong upward move and touched $78.23 on February 09. However, the currency couldn’t hold itself and started dribbling.
On February 10, the price was at $72.35 at 09:10 UTC. From this low, Litecoin price recovered to $75.04 on the same day. The next day was spotted movement around $74.08. Thereafter, LTC price escalated and touched $79.68 by a huge hike of 7.56%. If we look at technicals, the MACD line overpowers the signal line, and the same indicates upward momentum is still intact for the currency and it may cross $80 mark in the upcoming hours.
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