LTC celebrates key milestone but is it enough to bring back bullish confidence

It is now more than a decade since Litecoin (LTC) was founded and it has come a long way since then. The network's latest update reveals the extent of Litecoin's achievements while underscoring the healthy growth it has achieved so far.

Timeline of Litecoin

Litecoin (LTC) price is moving within an uptrend zone, but the uptrend has proven resilient. The $64 breakout level is the area where support is likely to be found before the cryptocurrency falls.

Litecoin (LTC) has recently completed its most bullish week since June, following a remarkable rise. The “digital silver” registered over 24% gains in the last seven days alone.

Litecoin's [LTC] recent, unprecedented surge could be responsible for making the altcoin a hot topic in the cryptocurrency market. As per CoinMarketCap, LTC's price grew by more than 29% in the last seven days.

Litecoin price analysis confirms a bearish trend for the day as the price experienced a major drop in the past 24 hours. The bearish momentum is growing after a consistent defeat as a bullish wave was occupying the market earlier.

Earlier today, the Litecoin (LTC) price attempted a high momentum breakout from the overhead resistance. A 36% boost in volume indicated the buyers' interest in a prolonged price recovery.

Litecoin [LTC] just concluded its most bullish week since June after delivering an impressive rally. It has also kicked off this week on a positive note after confirming a new network integration.

The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer's opinion Litecoin could see a pullback in the coming days Technical factors showed that LTC would retain a bullish outlook even if the pullback occurs Litecoin saw a huge surge from $54 to $70 earlier

Litecoin's [LTC] mining difficulty reached a new high. The mining difficulty peaked at just below 18 million hashes, as per a Litecoin Foundation post published on CoinMarketCap on 4 November.

Litecoin mining difficulty has reached a record high of 18 million hashes, according to the announcement from the digital asset's foundation. The post Litecoin Mining Difficulty Rises as Price Hits New 5-month High appeared first on BeInCrypto.

Litecoin price analysis is indicating a bullish price movement for today after the market retraced back to $61.75 from a low of $58.79 yesterday. LTC/USD is currently facing resistance at the $64.29 level, but if this level is broken, it could lead to further upward momentum for LTC prices.