Mon, June 05, 2023

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


By 04:56 (08:56 GMT), Litecoin was trading at $61.260 on the 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 Index, Bitcoin recently traded at $20,470.1, down 0.55% on the day. On the 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.


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