(DAILY NOTION): LTC/USD –Rises Over 11%, Will 2020 Top Be Hit? Next Mover: New Covid-19 Variant Spread
Source: Yahoo Finance
Litecoin (LTC/USD) was seen to increase 11.39%, recording the largest one-day percentage gain since Dec 16. Analyst had correctly predicted a healthy correction before the rise in price.
In the past 24 hours, LTC/USD was seen to be trading between $113.00 to $117.061. Analyst predict that upon breaking past the 100-Simple Moving Average (SMA), it is possible to reach $118 and the 2020-high of $124.
LTC/USD is still 72.13% down from its all-time high of $420.00, which was set on Dec 12, 2017.
As news of a new Covid-19 variant grapples the world, traders would most likely be watching the progress of new cases and the effectiveness of the vaccine. Lacklustre U.S. data had also dampened the market sentiment.
A risk-off sentiment would benefit LTC/USD as cryptocurrencies seem to be gaining favour with traders of late.
LTC/USD (as of Dec 23, 2020, 10.25 a.m., GMT +8) - $116.69
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.