Litecoin strong bullish again

$0.26 tipped

While most of the people are monitoring Bitcoin so close, and they are right because on its moves depend the general trend of crypto market.

Another top crypto Litecoin last night broke an important resistance, yes it broke 117 dollars mark. And now it's on 125 USD.

I sometimes think that Litecoin and Bitcoin have a sort of love and hate relationship. When bitcoin rises, usually litecoin does but not always, sometimes it stays flat. Now when other cryptos are a little bearish on the short run - litecoin started to rise again.

The increase of Litecoin vs USD is 8.2% during the last 24 hours, last 30 days 62.5%. This coin had a great performance from January 1st, when it was on USD 31. That means an increase of around 300%, not even the emperor Bitcoin did that.

Another fundamental news is that Litecoin halving is coming in less than 2 months, which would make Litecoin mining more expensive. Some people say it can impact negatively the value of the coin but I believe more the other group of traders who even forecast Litecoin at level of 300 dollars. Maybe it can be too optimistic but let's wait and see. I definitely surrundered before the charm of Litecoin yesterday and bought 1 Litecoin.


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