Litecoin short-term Price analysis: 14 November
The value of the cryptocurrency popularly dubbed “digital silver” received a boost after it climbed from $58 to $66 in a matter of hours. In fact, Litecoin‘s price, for a while, had been moving sideways on the charts, despite Bitcoin’s own rally. However, this trend changed over the past few days. While LTC’s market did face a wave of corrections soon after, the last few trading candles on the hourly chart did point to some bullish resistance.
Source: LTC/USD on TradingViewThe cryptocurrency ranked 7th on CoinMarketCap’s charts was being traded at $64.40.
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