Litecoin Reaches New Highs Despite Crypto Markets Downturn
- Trade Magnates Team
- Jun 12, 2019
- 1 min read
LTC, Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011. The digital currency LTC, has been trending upwards over the past few weeks reaching continues gains as a result of its upcoming mining reward halving which is considered bullish.
Investors may be looking at the cryptocurrency prices and trends over a longer time frame and the trend of the LTC is clearly bullish. Analysts are expecting the Litecoin could continue reaching new highs somewhere near the $150.
In December last year, we have witnessed a downturn to the entire Cryptocurrency market, with the world first cryptocurrency, Bitcoin reaching a low of $3000, Litecoin has also plummeted to $23 back then. Since reaching that law, LTC has recovered and continue to reach new highs this year forming very strong bullish marks.
Due to the LTC upcoming mining reward halving that is planned to happen in the coming few weeks, Litecoin price action is not determined by the rest of the cryptocurrency markets.
#cryptos #cryptocurrency #LTC #litecoin #bitcoin #digitalcurrency #trademagnates #tekmagnates #socialmagnates
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