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It is still relatively difficult to understand the cryptocurrency markets today. While the positive momentum has clearly returned, no one really knows how long this trend can be sustained. For the moment, however, the focus will be on the price in litecoins, for some. This particular altcoin notes significant new gains while he's trying to break the $ 90 resistance again.
Can the Litecoin price pbad?
It is only normal to see Litecoin benefit from the new wave of Bitcoin. While there is always a chance that this trend will reverse over the weekend, there seems to be enough momentum behind this price hike for things to go on for a while. The Litecoin also notes a large volume of transactions while its price is trying to exceed the next level of resistance, close to $ 90.
In the last 24 hours, the litecoin The price was up 6% in value in USD, bringing the price up to $ 88.3. There is also a lower gain of 3.08% compared to Bitcoin, the ratio LTC / BTC returning to 0.0175 Bitcoin. Merchants will be quite happy with the way things are going now. mainly because there is a lot of trading volume to negotiate.
On social media, it seems that the excitement around Litecoin is also back. Crypto Capital Venture is confident that Litecoin has a bright future, as the division will be halved in four months. In addition, the vast majority of LTCs are already in circulation. A halving of premiums can trigger short-term price increases, but only time will tell if this will actually happen this time around.
About 61 million litecoins are in circulation
Only 23 million left to produce
RETWEET if you secure your future payments and accumulate LTC
Reduce by half in 127 days#Litecoin #LTC
– Crypto Capital Venture ⚡ (@cryptorecruitr) March 31, 2019
Todor Slavchev shared an interesting reflection with the Twitterverse this week. This user is convinced that Litecoin is better than Bitcoin in all respects. As such, it also offers a moment of silence to Bitcoin Maximalists who have never bothered to watch LTC to date. Everyone has the right to have their opinion, but it seems unlikely that Litecoin will exceed Bitcoin so soon.
I'm really sorry for all the early Bitcoin users because they missed #Litecoin. They do not want to realize that #ltc is better in every way. Litecoin will govern them all.
– Todor Slavchev[Bitcoin, Litecoin?] (@TodorSlavchev) April 5, 2019
Trader Bahs, on the other hand, is simply trying to earn as much money as possible. Longing Litecoin, XRP and EOS has proven to be a successful trade up to now, though any market could have generated some gain compared to 24 hours ago. The big question is when will the traders start courting mbad again, as this seems like a matter of time.
longed #LTC #EOS #XRP yesterday. Could not ignore these brilliant configurations. pic.twitter.com/Wv2dDKVc21
– Trader Bash (@ traderbash768) April 5, 2019
If we look at the situation as a whole, it would seem that the upward trend of Litecoin only happens because the value of Bitcoin increases. This is not necessarily a bad thing, but it is obvious that the main cryptocurrency of the world is currently under enormous pressure. This weekend will be incredibly interesting, whether for better or for worse.
Disclaimer: This is not a trading or investment advice. The above article is for entertainment and educational purposes only. Please do your own research before buying or investing in cryptocurrency.
Image (s): Shutterstock.com
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