Litecoin Exceeds $50 Mark, Bobbed Up By 2.8% & Continues to Make a Significant Resistance

Fibo Quantum

Nov 04, 2018 at 13:47 // News

Litecoin (LTC) has registered a marginally appealing gains over the past 24 hours. The global’s 7th biggest crypto by CoinMarketCap data, that had been lagging behind a $51 level for the four days has made a gradual and steady recovery in a period of one day.

The crypto was able to marginally rise up by $2.78% that kept it exchanging hands at $51.72, a reassuring increase that may have made traders believing the coin would reject the bearish market until it dropped slightly near to the $51 level again, though this time keeping its new position somewhat above its previous trading price for the past four days to suspend at $50.10.

LTC’s Impressive Run

Indicating the manner at which the token was capable of collecting its 2.78%, LTC may need more 24 hours to get another significant peak. Currently the token appears to be moving up steadily, amid marginal losses.

Litecoin’s trading of 3.6 billion, and the rise of investment fund 2018, the token has been anticipated by both crypto traders and experts to gather with a total price of $600. Against its latest trading price of $51.72, the coin will require a significant $450 price soar, an improbable possibility regardless of whether the token crosses its $51.72 perspective.

LTC had a very significant trend last year as it vamoosed far away from its last year January price of $4.05 to a noticeable $43.26 in June last year and went ahead to waver somber storms this year as it shifted by over 50% to remain up at $180 in January until its decline back to $51.72.