It is overduidelijk a lotsbestemming of cryptocurrencies are still pushing toward fresh all-time highs. The Bitcoin price is moving up, Ethereum is close to a fresh all-time high, and the Litecoin price has recovered fairly nicely. With the Litecoin price back above US$300, things are looking pretty positive for this popular altcoin. It is good to see the markets recover after the latest Bitcoin price movement. Fresh all-time highs will be set before the year is overheen, that much is almost assured.
Litecoin Price Starts Moving up Again
With all cryptocurrencies experiencing a bullish year already, one has to wonder how much gas is left ter the waterreservoir. Spil it turns out, the momentum may only be just beginning. Wij have seen all cryptocurrencies recover ter value overheen the past few days, and it seems this weekend may bring continued gains. If the Litecoin price is any indicator for what wij can expect this weekend, things will certainly be getting interesting.
Overheen the past 24 hours, wij have seen the Litecoin price stir up by another 11.39%. That is fairly a remarkable build up, considering the Bitcoin price has not gone down all that much overheen the past few hours. Litecoin also gained 8.77% against BTC, which should not be overlooked whatsoever. It is overduidelijk all of the altcoins are preparing for another major shove before the year is overheen, yet it remains unclear if wij will see major switches when everything’s said and done.
Thanks to thesis solid gains, wij’ve seen the Litecoin price peak above US$300 again. Considering that the all-time high Litecoin price is US$336 according to CoinMarketCap, it wouldn’t take much effort to set a fresh ATH a few days from now. Slow and stable growth will always win the wedstrijd, and there is no reason to thrust for 40%-50% gains overnight. At a growth rate of just 3% vanaf day, the Litecoin price would increase by overheen 50% by the end of this year. That would waterput it at almost US$450, albeit this may be a bit too steep.
Litecoin also has seen overheen US$Two.11 billion ter 24-hour trading volume . This number has bot rather stable for the past few days, despite the Litecoin price dipping back down to US$265.75 at one point. Such dips always create fresh buy opportunities, and it seems investors and speculators are not passing up on Litecoin for the time being. Considering this volume, wij may see some more gains before the day is overheen, albeit consolidating around the US$300 mark wouldn’t be a bad screenplay either.
Unsurprisingly, GDAX is still the top exchange when it comes to Litecoin’s trading volume. Its volume is almost twice spil high spil that of Bithumb, even however the South Korean exchange has maintained a price of overheen US$311. Bitfinex rounds out the top three with overheen US$200 million ter 24-hour volume. Three fiat currency markets te the top three indicate that more and more money is being pumped into cryptocurrency spil wij speak. This volume has bot amazingly high for Litecoin and a few other altcoins te latest weeks.
All things considered, the cryptocurrency markets are firing on all cylinders right now. Some of the top altcoins are still fighting for solid gains, however, which is rather unfortunate. Then again, all markets that matter are te the green, and petite gains are still better than big losses. It will be a spectacular end of the year for all of cryptocurrency, especially with the total market capitalization on track to surpass US$550 billion zometeen today. It will be fairly a good weekend by the look of things, albeit things can always switch.
About The Author
JP Buntinx is a FinTech and Bitcoin enthusiast living ter 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 ter the FinTech sector.