It is still relatively difficult to make sense of the cryptocurrency markets today. While the positive momentum has obviously returned, no one really knows how long this trend can be supported. For now, however, the main focus will be on the Litecoin price, for some. This particular altcoin is noting strong gains again as it attempts to break the $90 resistance once again.
Can the Litecoin Price Push Through?
It is only normal to see Litecoin benefit from Bitcoin’s renewed surge. Although there is always a chance this trend will reverse over the weekend, there seems to be sufficient momentum behind this price rise to keep things going for a while. Litecoin too notes great trading volume as its price tries to break the next resistance level near $90.
Over the past 24 hours, the Litecoin price has noted a strong 6% gain in USD value, pushing the price to $88.3. There is also a smaller 3.08% gain over Bitcoin, as the LTC/BTC ratio returns to 0.0175 Bitcoin. Traders will be rather pleased with the way things are going at this…