Litecoin seems to trade with an upward momentum since the last week and the same had continued yesterday when the price was mostly showing an upward swing. This should be the reason for the investor community to rejoice as the coin has performed well over the past 24 hours with the price ranging from $42 – $44.
Litecoin Price Analysis
LTC price has been trying to withstand bear pressure with a good measure as can be seen from the one-day price chart. Though the price of Litecoin started on a low note being below the baseline at $42.2136. LTC managed to have an uptrend at 4:01 UTC at $42.5896 showing an upward variation of 0.91%. With the bearish volatility in full swing in the crypto market, the price fell to $42.1961 at 10:04 UTC. This did not deter the Litecoin price to brave the bear pressure and it took an upward rally to the extent of 3.40% reaching a high of $43.5877 at 20:27 UTC. But at 21:13 UTC, the bears got back and pushed the LTC price once again below the baseline at $42.5834. By 23:26 UTC, the coin managed to bounce back to $43.2588 showing an upward swing to the tune of 1.59%. The current day’s price is slightly lower at $43.0722. Will LTC price be able to take this upward legacy forward?
Litecoin seems to have found a way to get even with the bears as the coin has been performing at a stable upward momentum even in the ongoing bearish volatility. Trade99 analysts expect this positive outcome to flow into the coming days bringing in a stable upward trend.
Investors can look at this positive outcome and keep holding on to their investments from a long-term perspective. Day traders could make handsome gains if the coin continues to perform with the same vigor in the days to come.