Litecoin rises from a long sleep!

in #ltc7 years ago

 

The beginning of this year has been almost an epic for cryptocurrencies, most of them arising during the first days of January. However, one of last year's favorites remained asleep and even fell a bit while the rest was on fire. Litecoin has finally awakened during the Asian negotiation session this morning and once again is heading up.

Like  many of his brothers, Litecoin LTC had a great year in 2017, starting  at around $ 4 and steadily climbing more than ten times to reach a  stability of around $ 50 where he stayed for several months. In November he rose again to the $ 100 level where he again stopped for a while. Between December 8 and 13 Litecoin went parabolic and jumped to $ 340, hitting a record $ 375 a few days later.

Since  those dizzying days, the Altcoin has fallen from grace in a downward  trend for three weeks to lows of just over $ 220. The news that founder  Charlie Lee had sold all his LTC properties left the community with a  taste sour. The Hodlers began to worry as all the other Altcoins were making upward movements and Litecoin was falling behind.

 Things started  to change this morning during the Asian trading session when LTC broke  its weekly resistance level of $ 255 and skyrocketed in a couple of  hours to just over $ 300. Litecoin has finally woken up from its dream  to break $ 300 again for the first time since December 22. The majority of operations have been in the Hong Kong OKEx exchange in Bitcoin Cash, followed by GDAX and South Korean Bithumb. 

Please upvote and follow me if you like ;)

Sort:  

Hello @sweetiebo I first heard about Litecoin one year ago but never thought to buy some. Now I regret for not doing that. Ohhh..but I have other altcoins who are geting biger every day. :) Best from Serbia.

Litecoin esta un poco dormida pero creo que es por poco, a litecoin todavía le queda por delante un año tan bueno como el de 2017 o incluso mejor.

This post has received gratitude of 0.47 % from @appreciator thanks to: @sweetiebo.

Litecoin - so much better for transactions than Bitcoin AND just lately Ethereum . A lot of coins require ETH - ER20 tokens. New infrastructure is happening - roll in EOS, CARDANO.

I have always seen LTC as crypto silver.