Price chart analysis suggests litecoin could soon revisit record highs.
If so, the development would mark a reversal from last week, when the world’s fifth largest cryptocurrency reached new heights at $341.80, only to lose ground to bull market exhaustion.
However, most notably, the subsequent dip to $251.22 on Dec. 15 low is now proving short-lived.
As of Monday, LTC is trading back above $300, averaging $320 across global exchanges. As per CoinMarketCap, it has appreciated by 0.4 percent on the day, but the sharp recovery only underscores the market’s strong “buy the dip” mentality.