Latest Litecoin price and analysis (LTC to USD)

Litecoin (LTC) is currently trading at around $62 after a 12% jump in price since last week.

Over the past 24 hours, LTC has gained close to 3%.

Litecoin experienced exponential growth during the summer of 2019, hitting a yearly high of about $140 in August before breaking down over the second half of the year.

The altcoin reached a low of around $37 before recovering to $40, where the altcoin consolidated for a few weeks. Overall, from high to low, Litecoin lost about 68% of its value in the second half of 2019.

Interestingly, at the time of writing, LTC seems to be showing signs of recovery along with the rest of the cryptocurrency market.

Litecoin is up around 38% since the start of the new year. It has already pushed over $60 and will now look to target $70 after breaking through the resistance level around the 200-day EMA.

Will the positive trend continue? Let’s take a look at the LTC chart, courtesy of TradingView.

As you can see, LTC has surpassed its 200-day EMA at the…