Litecoin price analysis shows LTC has reignited the fever shared amongst its crypto compatriots and rallied to a new 2019 high above $100.
Litecoin Price Analysis: Market Overview
The hefty gains could be the result of the announcement of a new partnership with hotel booking platform Travala.com and the news could be a sign that Litecoin 00 is finding another niche for mainstream use.
While Litecoin and Binance Coin had been the early birds that signaled what turned out to be the start of a new strong bullish trend within the crypto market, the altcoin had been somewhat dormant over the last 3 weeks and noticeably absent during Bitcoin’s most recent surge.
Today marked the end of LTC’s slumber and on Wednesday the altcoin railed to a new 2019 high at $107.34
LTC/BTC Daily Chart
Similar to the ETH/BTC paring, the LTC/BTC pair broke bullish at the 0.01143 double bottom and traders flowed into the bull break that followed.
The overhead resistance levels of 0.01325 and 0.01412 are on the daily timeframe. A drop below the…