Will Litecoin Recover From Bloodshed? - Kakiforex.com - Financial Market Media No. 1 in the World Will Litecoin Recover From Bloodshed? Will Litecoin Recover From Bloodshed?
InstaForex

May 22, 2021

Will Litecoin Recover From Bloodshed?

 This Litecoin (LTC) compilation is the largest digital currency in Bitcoin (BTC) and Ethereum (ETH) with a market capitalization of over $ 13 billion.


Recently, the City of Williston announced a statement that they now accept crypto currency payments for utility bills.


"We have partnered with Bitpay, the largest virtual payment where they have partnered with Microsoft and Facebook," said Hercules Cummings, Director of Finance. The news has also given new hope to investors of Litecoin as well as other cryptocurrencies.


The city of Williston, North Dakota now accepts #Litecoin (and other #crypto) as payment for your utility bills! #Fridayvibes #fridaymorninghttps: //t.co/U5Z31hDaeB


- Litecoin Foundation (@LTCFoundation) May 14, 2021


The price movement for Litecoin at yesterday’s market opening saw the price have jumped over 50% and closed trading around $ 210 after making a significant decline on this week’s market movement.



Can be seen on the LTC/USDT price movement chart, saw the price of Litecoin has jumped more than 250% at the opening of the 2021 market.


The $ 412.96 price level is the all -time high (ATH) level ever recorded.


If observed on the LTC/USDT chart, the Litecoin price movement has broken the SBR (support become resistance) zone around the $ 301 level. The zone level needs to be passed by Litecoin before making a higher jump and testing the resistance zone that has been reached around the price of $ 300 - $ 350.


But if the price movement for Litecoin continues to make even lower declines, the $ 120 - $ 160 price level will be tested which is the lowest level ever recorded during the 2021 market opening.