Mon, June 05, 2023

Litecoin Is up 10%, Is It Time to Invest?

Litecoin

By 04:56 (08:56 GMT), Litecoin was trading at $61.260 on the Investing.com Index, up 10.36% for the day. Since November 2, it was the biggest percentage advance in a single day.

The increase brought Litecoin’s market size to $4.108B, or 0.41% of the entire market worth of cryptocurrencies. Litecoin’s market capitalization now stands at $25.609 billion. On the previous day, Litecoin had traded in a range of $54.710 to $61.260.

Litecoin’s value has stagnated over the last seven days, moving about 1.06%. Litecoin’s trading volume for the previous twenty-four hours was $481.944M, or 0.66% of the total volume of all cryptocurrencies. The previous week ranged in price from $53.5400 to $61.2600. Litecoin is still down 85.41% from its all-time high, which was $420.00 on December 12, 2017, at its current price.

Outlook on the Rest of the Crypto World

In other cryptocurrency markets, For the Investing.com Index, Bitcoin recently traded at $20,470.1, down 0.55% on the day. On the Investing.com Index, Ethereum was trading at $1,570.99, a loss of 1.06%. At the time of writing, the market capitalization of cryptocurrencies was at $392.440B, or 38.84% of the total, and $191.693B, or 18.97%, for Ethereum.

Over the past 24 hours, LUNC’s price has decreased by more than 7%. Investors may profit 17% with LUNC if the market is in good shape LUNC is now being traded at $0.000225.

A fast run-up may result from the price of Luna Classic (LUNC) now circling above a stacked support structure. However, if this level is broken, it would signal the presence of bears and might lead to a further downturn. Between August 31 and September 4, LUNC’s price stabilized before surging 168% in a single week. A selling climax was produced at $0.000221, and a purchasing climax at $0.000301 during this consolidation period.

YOU MAY ALSO LIKE

Saudi Arabia is voluntarily reducing oil production

Ministers of OPEC oil producers and allies, including Russia, agreed on Sunday

Morgan Stanley predicts a decline in the value of US stocks

Investment bank Morgan Stanley predicts a “sudden contraction in corporate earnings in

Musk Calms Investors Despite Negative Cash Flow

The recent departure of key Twitter executives responsible for content moderation and

COMMENTS

Leave a Comment

Your email address will not be published.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

User Review
  • Support
    Sending
  • Platform
    Sending
  • Spreads
    Sending
  • Trading Instument
    Sending

BROKER NEWS

BROKER NEWS