It has been trading under $60 for a while, pretty sedentary. Litecoinstarted to move. Litecoin, which broke above the psychological level of $ 60, rose to $ 62.53.
🚀🚀🚀 #LITECOIN 🚀🚀🚀 pic.twitter.com/Ln2ETCBdzz
— Litecoin (@litecoin) November 2, 2022
Litecoin is trading at $61.24, up 12.08% in the last 24 hours, according to CoinMarketCap data. When we look at the general picture, the increase in the market is notable as the market is not on the rise. On the other hand, the trading volume increased by 90% as traders tried to profit from the recent rise.
Koinfinans.com As we reported, Litecoin, which was traded at $ 67.48 on September 13, did not fall below $ 53. However, LTC, which had difficulty in moving upwards throughout October, started to move on October 27th. Over $53 on this date altcoin continues its rise.
Looking forward, the bulls need to break the $62.54 barrier located near the daily MA 200 to continue the rally. The daily RSI is above the 60 level, which is good for buyers. On the other hand, if the bulls run out of strength, Litecoin risks returning to its previous range where it could consolidate before another big move.
News Trigger Litecoin Rise
A leader in digital P2P (peer-to-peer) payments MoneyGram made an important announcement. Launch of a new service that will allow users of the MoneyGram mobile app to buy, trade and store cryptocurrencies announced.
As I mentioned during the Litecoin Summit 2022 keynote, adoption is the most important thing for Litecoin. So I’m extremely excited to be able to use @MoneyGram to buy Litecoin now! Thanks @coinme for making this happen.
PS Yes, Litecoin is still alive to answer the haters 👇 pic.twitter.com/PI31vbhAqW
— Charlie Lee Ⓜ️🕸️ (@SatoshiLite) November 2, 2022
As a result, MoneyGram users can now trade and store Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) in almost all US states and the District of Columbia.
At this point, you can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.