Litecoin (LTC) has recently witnessed an impressive three-day bullish streak, sparking excitement among investors as its price surged past the $91 level. The cryptocurrency’s remarkable performance during this period has been celebrated by bullish traders who see it as a significant victory.
With this surge, Litecoin has caught the attention of market participants, generating renewed interest in its potential and signaling a potential shift in the broader cryptocurrency landscape.
The remarkable growth of Litecoin in such a short span of time has rekindled optimism among cryptocurrency enthusiasts, who are closely monitoring its progress.
Litcoin (LTC) Breaks Past Recent Lows
LTC has defied expectations with a notable 6.1% rally in the past 24 hours, and shooting up to the $91.35 level, as reported by CoinGecko. This upward movement comes as a pleasant surprise for investors and traders who had concerns about LTC’s descent to the March low of $72 on June 14.
The drop to this critical level sparked fears of a potential downward spiral for Litecoin. However, to the relief of bullish market participants, the strong buying pressure at the $72 support level proved resilient and initiated a mild price rally.
The recent surge in LTC’s price not only demonstrates the cryptocurrency’s ability to rebound from critical levels but also solidifies the positive momentum it has gained over the last seven days. During this period, Litecoin experienced a nearly 20% climb.
Meanwhile, an important milestone in the acceptance of payments was recently noted in a post on Litecoin’s official Twitter account. The cryptocurrency specifically reached an all-time high of 167 million transactions.