Most of the major crypto assets such as Ethereum are still coupled to the movements of bitcoin. Only Litecoin has shown its independence recently as it continues to surge despite ongoing consolidation for bitcoin and the rest of the crypto market.
Litecoin 00 is on fire at the moment, surging another 12% today and making over 33% on the week. LTC has been one of the top performing crypto assets of the year notching up a whopping 345% since its lowly $30 price on new year’s day.
Litecoin Resistance Turns Into Support
Litecoin has surged from resistance at $125 to hit a new 13 month high of $140 during Asian trading today. LTC has not been price this high since mid-May 2018 when markets were on a downward slide from their peaks in January.
The move has pushed LTC market cap up to $8.6 billion and volume is hovering around record levels at $5.4 billion. As usual, the traders and analysts on crypto twitter have been scouring the charts looking for the next direction for Litecoin. Most…