Litecoin Price Retreats From All-Time Highs, But Is $100 in Reach?
The litecoin price [LTC to US dollar exchange rate] surged to an all-time high of over $90 on September 1, taking its year-to-date gains above 2,000 percent. But while the cryptocurrency was riding high on technological advances, China’s abrupt ICO ban delivered a blow to momentum . Ethereum, bitcoin, bitcoin cash and so on tanked, and litecoin was no exception, dropping more than 15% on Monday to a 5-day low of $64. Since then, the cryptocurrency seems to have regained poise. Tuesday’s bullish inside day candle has been followed by a rise to $80 levels today. The development is notable as an inside day candlestick pattern occurs when a security trades within the high and low range of the previous day. It works as a bullish signal if the price action on the following day is positive. On the contrary, a negative price action on the following day is read as a bearish signal. As per CoinMarketCap, litecoin has seen the third biggest gains among the top 10 cryptocurrencie