Litecoin news today After the terrible phase in the broader cryptocurrency market and other traditional markets this past Thursday, some of the major altcoins have started some sort of recuperation. They are beginning to regain some percentage of their losses, with some digital assets showing positive returns in the last 24 hours. One of such tokens is LTC. The bulls have returned for Litecoin even though it might look like a brief spell. Lets see LTCs journey during the last 24-hours.

Litecoin (LTC) Price Today LTC / USD

Despite the critical situation of the cryptocurrency market, top altcoins like Litecoin, and Tezos were two of the first tokens to return to the green zone after the last sell-off. Litecoin price in particular posted 24-hour returns of 30%. Litecoin has done well in the last 24-hours, so far the coin has recouped more than half of its overall losses from the previous day. However, the digital assets movement found support at the $38 level which has now become resistance for the coin. The price of Litecoin was reportedly trading at $36.890 at press time. The coin is now up by 30.71% which is the biggest one-day percentage returns since 2018, on February 14 precisely.

LTCs move upwards has pushed its total market capitalization to $2.365 billion. At its highest point, the overall market cap of Litecoin stood at $14.099 billion. Litecoin price traded between the ranges of $35.790 and $37.573 during the past 24-hours. This surge seen today is a surprise considering how LTC has performed in the past seven days. Litecoin price has reportedly seen a drop in its value. The coin has lost 41.55% of its value in that period. The trade volume of LTC was at $6.966B from the beginning of the last 24-hours to press time. The trade volume has reached the ranges of $24.3530 and $60.4563 in the last week.

At the current price position, Litecoin is still very much far away at (91.22%) from its overall ATH of $420.00. This move was set in 2017, on December 12 precisely. Although the real catalyst of this rally is still unclear, one theory that experts have adopted is that the severe network congestion in the bigger networks Bitcoin and Ethereum has caused some cryptocurrency users to consider using other faster alternatives to conduct their digital currency transactions.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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Litecoin News Today Litecoin Price Gained 30% With the Last 24-Hours Following Price Crash - March 14th, 2020 - Smartereum