• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
litecoin price LTC
Nexo

Litecoin Surges 20%, Will LTC Spark Another Major Crypto Rally?

Martin Young by Martin Young
2 years ago
in Litecoin
0

One of today’s biggest movers on crypto markets is Litecoin. LTC has been relatively quiet in recent weeks when its big brother has taken the limelight, but today it has surged to $70.


Crypto market momentum is still building as we round out another week. A further $10 billion has been added to total capitalization taking it to a four month high of $263 billion. Bitcoin has grabbed another couple of percent in a push above $9,500 but today’s top mover is little brother Litecoin.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Litecoin Lights it Up

The silver to bitcoin’s gold has been on fire over the past few hours surging an epic 20% from $58 to top out at $70 according to Tradingview.com. LTC is currently the best performing altcoin in the top 25 and the only one in double digit gains.

litecoin
LTC prices 1 hour chart – Tradingview.com

The move has lifted Litecoin to a four month high and broken the downwards channel. A minor pullback has dropped prices back to $67 at the time of writing.

Traders and analysts have been eyeing the moves and looking for support and resistance levels.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

#LTC

That's what I'm talking about.

Litecoin is up over 10% today. 🔥🔥

Top Goon X still showing good trend strength and not indicating any dip yet. https://t.co/QMNgTe0t64 pic.twitter.com/DaOkWY3P5i

— NebraskanGooner📈 (@nebraskangooner) January 30, 2020

After such a quick surge LTC is likely to fall back to its support level, which is just above $60, before another leg higher.

2019 Rally Redux?

Litecoin has made a whopping 64% so far this year, almost double that of its bit brother. Last year it was one of the best performing crypto assets, for the first half of 2019 anyway. LTC surged over 350% from January to June.

Some have observed the movements of Litecoin and compared them to last year’s rally.

“#LTC had almost 5X fold in last bear to bull run from around $30 to around $130. That included halving. $LTC is the silver hope you are holding $BTC for the next halving of the gold.”

The LTC halving was widely considered to be the catalyst for the 2019 bull run as Litecoin led markets for some time in April and May.

A similar situation could be unfolding at the moment although there is no halving to lift Litecoin this time around.

Last week Litecoin founder Charlie Lee proposed that mining pools donate 1% of the block reward to the Foundation to support ongoing development. The proposal mirrors one by Bitcoin Cash leaders though theirs was much steeper and consequently labeled a tax.

Litecoin has fallen out of favor over the past six months or so but today’s action proves that the bulls are still very interested in this digital asset.

Will Litecoin lead the rally again this year? Add your comments below.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Martin Young

Martin Young

Martin has been writing on technology for 15 years, he has a keen eye for emerging cryptocurrency news, blockchain developments, and market sentiment.

Related Posts

Litecoin darkest before dawn

Litecoin 10-Year Anniversary Arrives Alongside Altcoin’s Darkest Hour

7 months ago
Picture of Litecoin creator Charlie Lee with a gold Litecoin next to him

Damage Control: Litecoin Creator Charlie Lee On Fake Walmart News, “We Really Screwed Up”

8 months ago
Walmart Litecoin LTC LTCUSD

Breaking: Walmart Denies Litecoin Payments Rumours

8 months ago
litecoin Adam and Eve

“Technically Flawless” Litecoin Could Lead To “Biblical” Bullish Move

9 months ago
Picture of Litecoin coins stacked together. Newegg now accepts Litecoins through BitPay

This New Partnership Will Allow Litecoin Users To Checkout At One Of The Largest U.S. Retailers

10 months ago
Are The Tables Turning? Litecoin Transactions Compared To Bitcoin Are 75% And Growing

Are The Tables Turning? Litecoin Transactions Compared To Bitcoin Are 75% And Growing

11 months ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.