Saturday, 1 February 2020

‘Litecoin Leads Bitcoin’ — LTC 65% Gains Echo Start of 2019 Bull Run

 
 
ltc
 
 
Litecoin (LTC) hit $70 for the first time since September 2019 this weekend, fuelling speculation it will induce a Bitcoin (BTC) bull run.
Data from Cointelegraph Markets and Coin360 showed LTC/USD passing the notable $70 barrier on Feb. 1, going on to claim local highs of $71.50. 


LTC seals 65% monthly returns

As with many major altcoins, the achievement caps a highly successful month for Litecoin, which on Jan. 1 traded at just $43. 


Daily Chart Of LTC


ltc chart


As shown from the chart LTC is trading above the moving averages which is quite positive. The first resistance lies at $78 which is a Fibonacci level. On the downside, the $60 and the 20-day EMA will provide support.


Read The Whole Story On Cointelegraph

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