Litecoin jumped 132% in two months

by in Cryptocurrency News

Litecoin

Litecoin (LTC) may break into the first four largest digital currencies this week.

The coin is preparing to knock out the XRP token from the fourth line of the ranking, which has collapsed to its lowest level since mid-summer 2020.

The LTC rate on Wednesday, December 30, rose to $ 130 - that is the maximum value since June 25, 2019, when Litecoin reached $ 137. Over the past 24 hours, cryptocurrency capitalization has increased by 4% to $ 8.598 billion.

Trending: Pi Network Announced Launching Pi Wallet on the Testnet

In two months, the cost of LTC increased by 132%, according to a report from Santiment. This team came to input that the coin was being pushed upwards by the big players.

Since the beginning of November, LTC accumulation has been gradually increasing, which led to a periodic renewal of maximums. However, now we are waiting for a fall in the price of litecoin, since most likely it is approaching its peak values, experts say.

At the same time, one should not be afraid of a deep correction. The altcoin price will roughly drop to $ 122-123. At this level, a return of support is expected, followed by holding positions and resuming expansion, analysts predict.