Almost all the assets in the crypto-verse were on an upward trajectory. Litecoin [LTC]. however, seemed to be making a comeback. Just as Bitcoin [BTC] went on to record a new all-time high, the lite version of the king coin, LTC followed suit and witnessed a massive surge. Bitcoin during the time of writing was trading close to $68K. As the coin’s market cap surged to $1.28 trillion, the overall digits moved up close to $3 trillion.
Painted in green, the crypto market was riding the bullish wave. While some altcoins were amassing massive gains, a few others like Solana [SOL], as well as XRP, were taking it rather slowly. Cardano [ADA] and Litecoin [LTC] were the stars of the show as they recorded a double-digit soar.
As new coins emerged strongly into the crypto-verse, Litecoin [LTC] took a back seat. The asset finally made some noise after it recorded a 17.86% surge in the last 24-hours. At the time of writing, LTC was trading for $246.
The market cap of the altcoin witnessed a significant fall as it dropped below the top 10. While new coins rose into the top 10, LTC slipped down to the 14th spot. The market cap of Litecoin, at press time, was at $17 billion.
Litecoin [LTC] one-hour price chart on Binance
The one-hour price chart of LTC on Binance noted a major bullish notion. The Parabolic SAR indicator formulated dotted lines below the candlesticks acting as prominent support against any possible downtrends. The Chaikin Money Flow [CMF] indicator was flying high in the bullish arena. The CMF marker was long above the zero median.
LTC was constantly being overbought by buyers in the market. The Relative Strenght Index [RSI] indicator noted that the buyers were in the LTC market. The RSI marker was close to hitting the 80 median.