• About Us
  • Privacy Policy
  • Contact Us
Bitbion
Advertisement
  • Home
  • Altcoin
  • Bitcoin
  • Ethereum
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices
No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Ethereum
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices
No Result
View All Result
Bitbion
No Result
View All Result
Home Litecoin

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

November 20, 2020
in Litecoin
0
Litecoin Surges 20%, Will LTC Spark Another Major Crypto Rally?
Share on FacebookShare on Twitter



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.

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.

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.

#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.





Source link

Tags: cryptoLitecoinLTCMajorRallySparkSurges
Share76Tweet47

Related Posts

A ‘physical’ Litecoin ETF is coming to Germany’s Xetra exchange

A ‘physical’ Litecoin ETF is coming to Germany’s Xetra exchange

by
April 13, 2021
0

ETC Group, a specialist provider of cryptocurrency-backed securities, said it would list the Physical Litecoin exchange-traded product (ELTC) on...

A Litecoin (LTC) ETP just launched in Switzerland

A Litecoin (LTC) ETP just launched in Switzerland

by
April 6, 2021
0

Litecoin, the world’s ninth-largest cryptocurrency by market cap, will soon see an institutional listing in the form of an...

Litecoin (LTC) continues to surge with another intraday rally—but why?

Litecoin (LTC) ‘daily’ addresses have grown 6x since 2020

by
March 19, 2021
0

The number of active addresses on Litecoin, the world’s ninth-largest cryptocurrency by market cap, has grown by over six-fold...

Grayscale adds 174k LTC to its Litecoin Trust

Grayscale adds 174k LTC to its Litecoin Trust

by
March 2, 2021
0

New York-based cryptocurrency asset managers Grayscale bought over 174,000 Litecoin over the past month. This is the equivalent of...

Litecoin’s MimbleWimble privacy upgrade is ready to roll on March 15

Litecoin’s MimbleWimble privacy upgrade is ready to roll on March 15

by
February 2, 2021
0

The Litecoin MimbleWimble (MW) lead developer, David Burkett, has given a progress update on the project. He mentioned improvements...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
BitTorrent (BTT) Throws Another Jab at Filecoin (FIL)

BitTorrent (BTT) Throws Another Jab at Filecoin (FIL)

November 20, 2020
Why Allianz chief economist says Bitcoin surging will fuel an “interesting conversation”

Bitcoin breaks $60,000 a year after ‘flash crash’ to under $4k

March 13, 2021
Institutions are buying Litecoin (LTC) at a 1,200% price premium

Institutions are buying Litecoin (LTC) at a 1,200% price premium

November 22, 2020
Litecoin Price and Hashrate Diving Down; What’s Next?

Litecoin Price and Hashrate Diving Down; What’s Next?

November 25, 2020
Texas Regulators Clamp Down on Bitcoin ‘Ultra Mining’ Firm

Texas Regulators Clamp Down on Bitcoin ‘Ultra Mining’ Firm

0
Lightning Network’s New Liquidity Marketplace Attracts a ‘Surprising’ Mix of Individuals, Enterprises

Lightning Network’s New Liquidity Marketplace Attracts a ‘Surprising’ Mix of Individuals, Enterprises

0
BitTorrent (BTT) Throws Another Jab at Filecoin (FIL)

BitTorrent (BTT) Throws Another Jab at Filecoin (FIL)

0
Softbank CEO sold Bitcoin at a $130m loss after getting “too distracted”

Softbank CEO sold Bitcoin at a $130m loss after getting “too distracted”

0
JPMorgan says Bitcoin is showing ‘weakness’ as fund inflows fall

JPMorgan says Bitcoin is showing ‘weakness’ as fund inflows fall

April 21, 2021
You can now pay for a WeWork office using Bitcoin and other cryptocurrencies

You can now pay for a WeWork office using Bitcoin and other cryptocurrencies

April 21, 2021
Dogecoin steals the crypto spotlight as ‘DogeDay’ trends on Twitter

Dogecoin steals the crypto spotlight as ‘DogeDay’ trends on Twitter

April 20, 2021
Miner explains why the Bitcoin hash rate fell by 25% recently

Miner explains why the Bitcoin hash rate fell by 25% recently

April 20, 2021

We have all the latest updated and legitimate information related to Blockchain, Cryptocurrency, latest market rates & trends, prices, new regulations along with every other thing that somehow related to crypto or digital currency market. Our main idea is to provide the kind of news that is original and at the same time, it can prove to be beneficial for our audience.

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Litecoin
  • Market
  • Regulation

Archives

  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020

Recent News

JPMorgan says Bitcoin is showing ‘weakness’ as fund inflows fall

JPMorgan says Bitcoin is showing ‘weakness’ as fund inflows fall

April 21, 2021
You can now pay for a WeWork office using Bitcoin and other cryptocurrencies

You can now pay for a WeWork office using Bitcoin and other cryptocurrencies

April 21, 2021
Dogecoin steals the crypto spotlight as ‘DogeDay’ trends on Twitter

Dogecoin steals the crypto spotlight as ‘DogeDay’ trends on Twitter

April 20, 2021
  • About Us
  • Privacy Policy
  • Contact Us

© 2020 bitbion.com

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Ethereum
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices

© 2020 bitbion.com