Litecoin price goes ballistic, smashes August 2020 high as bulls prepare for takeoff to $100

6개월 전


Bitcoin has had a remarkable fourth quarter, but the same cannot be said regarding most of the market's altcoins. The decentralized finance (DeFi) sector plunged by huge margins following the boom in August and September. However, recovery is gradually coming into the picture, with selected tokens such as SushiSwap, Aave and Maker posting incredible gains.

Meanwhile, Litecoin is trading at $72 following a minor retreat from the recent monthly at $77.3. The correction might hold if the Relative Strength Index (RSI) retreats further from the overbought. At the moment, the RSI has formed a bearish divergence after hitting a higher high within the overbought, followed by a lower high.

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