Litecoin (LTC) Outstanding Performance - LTC News, Price Analysis. Thursday, September 27
Litecoin’s Outstanding Performance, Price Analysis
Today, September 27, Litecoin is one of the best performing coins. At the time of press, the coin is trading at $63.18. This is a 7.13% price increase in the last 24 hours. It currently holds the seventh position in the market with a market cap of $3,687,999,606. Litecoin pulled out a surprising performance having begun the day at around $58. In less than 3 hours, the coin managed to shoot from $58 and break a major resistance level ($62) to hit its current trading price of $63.18.
For the last month, the coin has been struggling to break past $60, one of its major resistance levels. The last time the coin was above the $60 mark was September 6. The bearish market had even compelled Charlie Lee, the founder of Litecoin to Tweet about “Litecoin’s price manipulation”. According to him, some people or funds were being used to manipulate Litecoin prices, dragging the price down. He also saw the need to remind people about Litecoin and how much it can achieve both as a blockchain project and cryptocurrency. So, today's achievement cannot be taken lightly.
In July, the coin was trading as high as $86 but following the bearish market seen in August, the coin dropped to $58 and has been struggling to stay above $60. Its all-time high remains to be $366, which it achieved in December of 2017. Looking at its all-time high and where it is now, it looks almost impossible that it will ever reach that high again.
However, let’s not forget that this coin’s performance was almost as remarkable as that of bitcoin. At the beginning of 2017, Litecoin was trading for a little over $4. It was able to shoot from under $5 to over $366 in 12 months. So, when it comes to potential, this coin has it and it has previously proven it.
LTC/USD Price Chart, Thursday September 27th:
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