Litecoin today leads the cryptocurrencies to new growths with a jump of nearly 17% to $ 53 and for a moment it reached $ 54. The price managed to surpass the last peak of $ 53.43 in February and make the best performance since November.
There is no clear catalyst for the movement. Technically, however, we have some positive signals. The digital assets are generally in a relatively stable upward trend since December, and Litecoin has proved to be a fairly resilient digital currency. A number of partnerships and news announcements over the past few weeks, promising and security improvements have led to the growth of Litecoin. The Venezuelan government has also announced it will launch a platform that will primarily support Litecoin, but also Bitcoin in its attempts to circumvent US sanctions.
The price was strongly thwarted after a brief adjustment to Fibonacci's 50 level, for now the price is trying to keep above 61.8. Fibonacici above this level would give more control of bulls and bring the price down to around $ 58.46 (78.6 Fibonacci).
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