Litecoin Price Retakes $120 Level as Bearish Momentum Calms Down Temporarily

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Litecoin Price Retakes $120 Level as Bearish Momentum Calms Down Temporarily

Sat May 26, 2018 11:31 am

Things are slowly looking up for all cryptocurrency markets as of right now. Although this is only seemingly a small improvement as of right now, it remains to be seen if this positive trend can remain in place for some time to come. The Litecoin price is finally above $120 again after a bit of a rough day, but it remains to be seen what the coming hours and days will offer in this regard.

LITECOIN PRICE SEES SOME POSITIVE MOMENTUM
After a very rough week for all cryptocurrencies, it remains to be seen what the future holds for all currencies. With the Litecoin price dipping from nearly $140 to almost $117, there was a genuine concern over what would come next. Thankfully, it seems there will be some improvements for the time being, as the Litecoin price has increased to just over $121 once again.

To most people, a 1.63% increase in Litecoin price will not appear to be all that amazing. Given the volatile history of cryptocurrencies, there have been a lot more interesting trends to keep an eye on. Given the current momentum in the market, however, any small gain can be considered to be a major victory. That doesn’t mean the Litecoin price is out of the woods yet, as its value may drop below $120 again fairly soon.


https://themerkle.com/litecoin-price-re ... mporarily/

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