1
LTC coin price has given a breakout from a peanut pattern in the daily timeframe.
2
Technical indicators summary suggested a positive signal in the current phase.
3
The volume of Litecoin has declined by 22.21% in the last 24 hours.
Litecoin (LTC) is a cryptocurrency created based on the Bitcoin (BTC) protocol. The protocol provides fast, secure, and low-cost payments by leveraging the unique properties of blockchain technology. LTC differs from Bitcoin regarding the hashing algorithm used, hard cap, and block transaction. Litecoin uses a proof-of-work (PoW) consensus algorithm to confirm transactions quickly and without errors.
LTC Coin Price Reflected Sustainability in Returns
On November 10, 2023, the LTC coin price made a significant U-turn from the $53.56 support level. The price of Litecoin surged by over 70% to the $85.61 resistance level.
The rally reflected an essential change in market sentiments.
Conversely, the
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