Litecoin Price Analysis: 26 December
The cryptocurrency market is once again rising to the tune of Bitcoin’s movement. As the world’s largest cryptocurrency climbed to $25k, albeit briefly, the rest of the market rallied too. Although not at a peak, Litecoin’s price, at the time of writing, matched its trading levels in the month of July. At the time, LTC was trading at $129.23 with a market capitalization of $8.58 billion.
(https://ambcrypto.s3.amazonaws.com/wp-content/uploads/2020/12/26123230/LTC-6.png)
Litecoin’s daily price chart noted the rising value of the digital asset. The value of the digital asset has been appreciating for almost two months now, with its own set of minimal falls. Following the sudden surge in Litecoin’s price, the same will soon see a correction, a development that would provide an opportunity for the traders to short the coin.
Learn more about the analysis here. (https://ambcrypto.com/litecoin-price-analysis-26-december/)
What are your thoughts here in this analysis? It is a good time to short LTC?