Finding any positive note for the cryptocurrency markets throughout the past three and a half months is pretty difficult. The same goes for the Litecoin price, as it has seen its fair share of market volatility. Ever since dropping from $303, the Litecoin price has not seen too much positive momentum as of late.
Even though there was one spike to $232 in February, the overall trend has been rather negative overall. At one point, it seemed as if the Litecoin price would drop below $100, even though that has not happened as of yet. As of right now, we are looking at another small leg up, thanks to a decent 4.22% increase over the past 24 hours. It is nothing to get overly excited about whatsoever, but it’s still better than what we have seen since mid-February.
As one would expect from an altcoin going up in value, Litecoin is gaining on Bitcoin. With a 4.76% gain over BTC in the past 24 hours, the Litecoin price is appreciating nicely. Even though the Bitcoin price is showing signs of taking again, it remains to be seen how this will affect all of the altcoins in the market accordingly.
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