- Litecoin’s (LTC) price analysis shows positive momentum.
- LTC prices rise by 7.20% to $70.84 as of press time.
- The bullish trend seems likely to persist in the foreseeable future, as per technical indicators.
The Litecoin (LTC) bulls have dominated the market today, with the bears’ efforts to drive prices lower futile after they drove prices to an intraday low of $65.54. As a consequence of the increased demand, the price of LTC jumped to $70.84 (a gain of over 7.52%).
The 24-hour trading volume increased by 232.75% to $524,028,131, while the market cap increased by 7.31% to $5,086,433,850, indicating strong buying activity.
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