Litecoin price: Here's why LTC has spiked 34% this week

Litecoin (LTC/USD) has traded higher in the past one month, and added to the momentum with a double-digit gain on Wednesday to breach the $80 price level for the first time since May.

Timeline of Litecoin

Litecoin extended recent gains on Nov. 23, with the token climbing to its highest point since May. The move saw prices climb by nearly 20% in today's session, and comes ahead of this afternoon's Federal Open Market Committee (FOMC) minutes. Solana also surged on Wednesday, moving nearly 20% higher.

Litecoin has experienced a significant price surge on low timeframes and hints at a possible bullish continuation. The cryptocurrency is moving higher than more significant assets in the space, and it's making its way to the top 10 by market capitalization.

Litecoin is the surprise of this bear market, being one of the first coins to have a breakout and showing tremendous strength. Key Support levels: $73, $64 Key Resistance levels: $82, $95  After a long consolidation since June, Litecoin has broken above this ascending triangle (pictured) that took months to form.

The cryptocurrency market cap saw net inflows of $47.8 billion over the last 24 hours and currently stands at $829.3 billion, up 6.1% over the reporting period. The post CryptoSlate Daily wMarket Update – Nov. 22: Litecoin storms into top 10 displacing TRON appeared first on CryptoSlate.

Bear market blues couldn't weigh down Litecoin price action for long as LTC charted over 25% daily gains on Nov. 23.  The post Litecoin Price Jumps Above $80 as Whales Buy $43.4 Million in LTC appeared first on BeInCrypto.

Litecoin (LTC) is moving against the current market downturn that was induced by the FTX cryptocurrency exchange crash, positing significant gains while sustaining a buying pressure. Indeed, the 13th-ranked cryptocurrency market is also gaining in the build-up to key on-chain activity.

On Wednesday (23 November 2022), Litecoin is shocking a depressed crypto market — and delighting $LTC HODLers — by surging over 25% in the past 24-hour period. According to data by TradingView, the $LTC price started rallying when it was trading around $59.64 (at 12:35 p.m.

The crypto markets have switched to bullish after undergoing a massacre in recent times. The popular crypto faced rejection in its attempt to surpass the pivotal resistance at $73. Meanwhile, the fresh sell-off, which was led by the unfamous FTX collapse, compelled the LTC price to drop below the crucial support levels.

Litecoin bucked the market downtrend, posting 19% gains over the past week to lead the top 100. The post Litecoin bucks market downtrend, posting 19% gains to pass Shiba Inu appeared first on CryptoSlate.

With a 52.4% volume hike, the Litecoin (LTC) price gave a high momentum breakout from the $64.5 resistance. Thus, this bullish breakout should accelerate the buying momentum and drive the prices to higher levels.