Litecoin Faces Key Hurdle in Push Back to Record Highs

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.

You can read the full article written by Omkar Godbole here.

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