Litecoin (LTC) is slowly regaining its lost price momentum from the sluggish start to the year. The coin has gradually started moving in the upward direction over the past three months, showing indications that finally, good days are here to last for the currency. The price of LTC has been hovering in the range between $37 – $82 over the said time period.
LTC is slowly inching upwards as its bullish momentum observed from the price trend of the past 3-months. The price of Litecoin started on a low note being below the baseline at $37.23 on December 18, 2019. From here, the bulls took charge for Litecoin, and it had an upward rally to $61.42 on January 17, 2020, showing a rise of a whopping 65.31%.
Litecoin Price Chart
Then, in the next six days, there was a short hiccup marked when the Litecoin price fell to $52.84 by 13.97% fall. This did not deter the price from again shooting in the upward direction on February 14 at $82.49, showing a massive rise to the tune of 56.85%. The bears continued to play havoc with the price of the coin and pushed it down to $58.56 on March 01. Today, the LTC price has recovered and touched $61.63.
Litecoin is trading with slight upward momentum though the strong bearish pressure is still very much visible. Trade99’s analysts predict the coin to show more stability in the ensuing months when the crypto market volatility is expected to subside. Investors should rely on the future potential of the LTC and not short-term setbacks due to the ongoing crypto market volatility.