Back when April started, it appeared that Litecoin prices were heading towards a strong downtrend taking it to sub-$100 levels. However, the past 10 days have been a complete turnaround for Litecoin price movement. Having crossed the $150 mark earlier today – the currency has finally entered what many assume to be a ‘safe zone’ for Litecoin.
Litecoin is among the biggest names when it comes to the world of cryptocurrencies! The currency has been around for a really long time – and has gained major credibility over the years. Over the years, the currency has consistently been among the top names in the crypto markets – and rightfully so. Let us take a closer look at Litecoin price performance over the past 24 hours and the past week – as well as a look at where the currency may be heading next.
Over the past 24 hours, Litecoin’s price has gone up from $145.49 to $153.52 – with the highest point in the day coming in at $156. The currency continues to exceed expectations with this bullish momentum. Litecoin’s price surged by 5.5% over the day. The currency’s market cap went up from $8.1 Billion to $8.6 Billion.
Litecoin’s week-long performance has been even more impressive as the currency essentially progressed in one giant uptrend. Litecoin started the week at $125 and closed the week at $153.52 – significant growth for the currency. Litecoin’s market cap, over the week, surged from $7.0 Billion to $8.6 Billion – growing by $1.6 Billion over the week – an impressive growth for Litecoin.
Looking at what market experts have to say about the currency, it appears that the bull run is far from over and Litecoin will continue to move forward in the markets – growing at this continuous pace. Litecoin’s momentum is far from over – as the currency is now expected to eye the next target at $200.
Litecoin, which surged briefly in February had shown hope that it can still avoid an absolute crash. However, in early April – the currency felt like it was about to fall below $100 as LitePay as well as Litecoin Cash failed to have any impact on the markets. Thankfully, this uptrend which brought a bullish momentum into the markets helped Litecoin recover – and it is expected to continue moving on this path now.
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