{"id":370866,"date":"2019-02-08T18:27:40","date_gmt":"2019-02-08T18:27:40","guid":{"rendered":"https:\/\/ktsl888.com\/?p=370866"},"modified":"2019-02-08T18:27:40","modified_gmt":"2019-02-08T18:27:40","slug":"litecoin-price-skyrockets-over-30-to-43-ltc-retakes-no-4-spot-by-market-capitalization","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/litecoin\/litecoin-price-skyrockets-over-30-to-43-ltc-retakes-no-4-spot-by-market-capitalization\/","title":{"rendered":"Litecoin Price Skyrockets Over 30% to $43, LTC Retakes No. 4 Spot by Market Capitalization"},"content":{"rendered":"

Following the recent downturn in the crypto markets, Litecoin (LTC) has skyrocketed nearly 30%, allowing it to claim the fourth spot by market capitalization ahead of EOS and Bitcoin Cash. Today\u2019s market surge has been fueled by Bitcoin\u2019s<\/a> 8% jump that has sent its price to $3,700.<\/p>\n

Although Litecoin is showing a significant amount of bullish momentum, analysts note that it does face resistance at around $43, which may cause it to drop from its current prices.<\/p>\n

Litecoin Price Jumps 30%, But LTC Faces Resistance Around Current Price Levels<\/strong>\u00a0<\/strong><\/h2>\n

At the time of writing, Litecoin (LTC) is trading up 30.8% at its current price of $43.3. LTC is currently trading up significantly from its weekly lows of $32 and is down slightly from its daily highs of $43.90.<\/p>\n

Importantly, analysts claim that despite Litecoin\u2019s major price surge, it does face resistance around $43, which may prove to be a difficult price level to break decisively through unless the cryptocurrency garners a greater amount of buying pressure.<\/p>\n

The Crypto Dog, a popular cryptocurrency analyst on Twitter, noted that he is selling his LTC at $43, and is waiting to see where it goes next before entering into any new long positions.<\/p>\n

\u201cBut volume is really quite lacking on this move and a 50% retracement of a falling wedge is already a lot to to [sic] ask for\u2026 For now, I’m not looking for longs until further price action. Selling my $LTC here at $43,\u201d he explained.<\/p><\/blockquote>\n

https:\/\/twitter.com\/thecryptodog\/status\/03236608?s=12<\/p>\n

DonAlt, another popular analyst on Twitter, also noted that LTC\/BTC is nearing resistance at 0.015 BTC, which is slightly higher that LTC\u2019s current price of 0.0117 BTC.<\/p>\n

\u201c$LTC\u2026 Next significant resistance I’m watching is 0.015,\u201d he said.<\/p><\/blockquote>\n

\n

$LTC<\/a><\/p>\n

Imagine not trusting a random Twitter duck with all your money.
I couldn't be like that.
Next significant resistance I'm watching is 0.015. pic.twitter.com\/FePX7k5XPd<\/a><\/p>\n

— DonAlt (@CryptoDonAlt) February 8, 2019<\/a><\/p><\/blockquote>\n