Litecoin's price hit a one-month high on Monday amid a broader bullish tone in the cryptocurrency market.
The world's seventh largest cryptocurrency by market capitalization reached $68.59 at 12:10:00 UTC - its highest price since August 7th, according to CoinDesk's Litecoin Price Index - and was last seen trading at $68.18, up roughly 4.2 percent on the day.
The recent bullish mood in cryptocurrency markets could be attributed to bitcoin's 20 percent rally from the August low of $6,000.
The world's leading cryptocurrency by market capitalization is looking up, having witnessed a pennant breakout.
The long-term picture is also looking rosy, courtesy of the weekly MACD's bullish turn.
As a result, LTC could soon find acceptance above the immediate resistance lined up at $69.00.
Litecoin's market capitalization stands at $3.95 billion - its highest level since early August.
Names like bitcoin, bitcoin cash and EOS are all recording price growth in the past 24 hours.
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Litecoin Price Nears $70 to Hit One-Month High
gepubliceerd op Sep 4, 2018
by Coindesk | gepubliceerd op Coinage
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