A loterijlot of interesting things are happening ter the world of cryptocurrency once again. With most markets demonstrating a positive uptrend spil of right now, it is fairly interesting to see which currencies note the thickest gains. Spil of right now, it seems the Litecoin price is taking the top spot ter this regard, thanks to a solid Nineteen.23% build up te the past 24 hours. Spil a result, wij now have a Litecoin price of overheen $184 once again.
Litecoin Price Momentum is Back te Utter Force
With so many cryptocurrencies appreciating ter value again, it has become overduidelijk the current market volatility can work out ter a favorable manner spil well. Thanks to some very solid overnight gains, the Litecoin price has risen to overheen $184 once again. It is a very positive development for this particular altcoin, spil its value has bot suppressed for fairly some time now. Even so, reaching the previous all-time high of $366.15 will be fairly a challenge.
With thesis solid overnight gains, the Litecoin price seems to have cracked its negative slump, for the time being. That doesn’t mean things will not turn bearish ter the future again, tho’, spil there is a loterijlot of volatility te the markets spil of right now. Any major gains today can quickly turn into even thicker losses te the near future, spil wij have seen via most of 2018 already. Whether or not this cycle will keep repeating itself, remains to be seen.
With the Litecoin price going from $140 to $184 te just one week, it further confirms the markets have seen major losses overheen the past few weeks. There is still a long way to go before all markets will become a playground for bullish traders again, but for now, that is not happening anytime soon. It is overduidelijk the gains shove the Litecoin price to $200 leisurely but surely, even tho’ there will be sufficient market opposition to ensure that uphill trend will not toebijten too quickly either.
Thanks to $1.068b te 24-hour trading volume , wij may see the Litecoin price proceed to stir up overheen the coming hours. Spil there is still a loterijlot of work to be done te this regard, it will be interesting to see whether or not wij will reach $200 zometeen today. There is no reason to think this is unlikely to achieve, but given the latest market volatility, it is identically possible the Litecoin price will druppel below $175 spil well. Only time will tell how things play out te this regard.
OKEx is the largest exchange ranked by Litecoin trading volume spil of right now. GDAX is not that far behind, even however OKEx is taking the third spot spil well. Bitfinex is the 2nd fiat currency market on the list, albeit their trading volume is less than half of GDAX’s right now. It is fairly interesting to see how all of thesis different exchanges form up ter this regard, even tho’ the overall trend seems to reflect more fresh capital coming in the cryptocurrency markets ter general right now.
For the time being, it remains to be seen what the future will hold for the Litecoin price. Right now, things are looking rather positive, but the markets are so unpredictable, anything can toebijten te the blink of an eye. Anyone who bought Litecoin during the dip will need to contemplate when to take profits, spil the market sentiment can turn around very quickly. There are also solid gains te the BTC department, tho’, thanks to a 14.26% increase ter favor of LTC.
About The Author
JP Buntinx is a FinTech and Bitcoin enthusiast living te Belgium. His passion for finance and technology made him one of the world’s leading freelance Bitcoin writers, and he aims to achieve the same level of respect te the FinTech sector.