Litecoin (LTC) Extends Rally: On The Way to Hit $300 mark?

While it is true that Ethereum and Bitcoin have attracted a lot of attention from investors and traders in recent days, it is also necessary to bear in mind that Litecoin (LTC) has emerged as a major gainer.

Last week, Litecoin had started its turnaround following a period of a slump and found its support at $225 a token level. However, since hitting the new support level, it has rallied strongly and gone up by as much as 30% in the matter of one week.

If you are into technical analysis then it is very easy to see that Litecoin had actually hit its support levels when the selloff started. However, the turnaround made by it over the past week has been a sight to behold. Now it remains to be seen if it can be managed to hold on to the momentum and go to the next level in the coming days.