Litecoin [LTC] had a steep fall in terms of market cap as several coins overhauled the digital silver. LTC now stands at the seventh largest coin. XRP’s squabble with the SEC led to LTC taking over as the fourth largest coin for a while. However, Polkadot [DOT] climbed up the ladder and made it to the top as its market cap surged past $15 billion. While the global crypto market cap currently resides at $1.03 trillion, LTC accounted for $10.4 billion of the total market cap.
The crypto rally posed as a bridge that aided digital assets in hitting an all-time high. LTC HODLers hoped for the asset to breach its all-time high of $375.29. However, LTC failed to make it to $200. The digital silver was priced at $157.63 with a 12.76% surge over the last 24-hours, at press time. The daily volume was at $8,046,115,141 with LTC/USDT trading pair on Binance valuing for most of the volume.
Litecoin [LTC] One Hour Price Chart On Coinbase
The volume in the LTC market on the cryptocurrency exchange, Coinbase was higher than usual in the past two days. The Bollinger Bands indicator used on the one-hour price chart of LTC was seen diverging after days of staying tight. This further implied that the altcoin could possibly experience fluctuations in its price. A bullish sentiment was spectated in the market as the daily moving average indicator intertwined to form a bullish crossover.
Litecoin [LTC] Price Chart With Indicators
The bulls were in the LTC market. affirmed a few other indicators. The MACD line advanced its stay above the signal line forming a bullish crossover. A buyer’s notion was attested by the Money Flow Index as the MFI marker was above the 70 median.
LTC bagged in immense gains over the day and the indicators asserted that it would continue doing so. This upward trajectory could aid the coin’s journey to $200.