Litecoin breaks above $82 as rally continues

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Thanks to today’s influx of money into the cryptocurrency market, which is being led by a major Bitcoin movement, the 4th-largest cryptocurrency by market cap, is showing price levels it hasn’t seen in a very long time.

The price of Litecoin has surged above $82 for the very first time in 2019. The 4th-largest cryptocurrency by marketcap rose by more than 32% since early Wednesday morning, following the observed Bitcoin’s price action.

Litecoin is currently trading up 32.59% at its current price of $82.12, up from yesterday’s price of $65 USD, according to Coinmarketcap data.

Even though Litecoin was able to cross the $80 price mark, its upward movement was rejected just below $85, which could be a signal of temporary resistance.

Litecoin traders were visibly excited by today’s price movements.

Read more: Analysts believe ‘Crypto Winter’ has ended, while BTC breaks $5,000

Yesterday, the Litecoin Foundation confirmed the date of the upcoming Litecoin Summit on October 28-29 2019 in Las Vegas.

Together with Litecoin’s massive upward price movement, this announcement has the Litecoin troops all excited.

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