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Litecoin market update: LTC/USD defends key support – Bulls call for more action

Published 04/09/2019, 10:37 AM
Updated 04/09/2019, 10:38 AM
© Reuters.
BTC/USD
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LTC/USD
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LTC/USD
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  • LTC/USD has recovered above $88.00 and even tested $90.00.
  • The trend is steadily becoming bearish with Litecoin poised for further losses that could test the important support at $84.00.

Litecoin bulls are not ready to give up control despite the lower correction posted earlier today. The declines come after the asset witnessed a ballistic rise throughout last week in tandem with the rising Bitcoin price to 2019 highs around $5,343. Litecoin forged its own path to the north pushing the limits to trade close to $100.

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