LTC targets $500 after the capitulation

  • Litecoin price lost nearly all the gains incurred since the beginning of the year.
  • It registered a historical market value drop of roughly 60% on May 19. 
  • LTC recovered a crucial support level at $195, generating an optimistic outlook to continue the uptrend.

Litecoin price continues holding above a crucial support level despite the erratic behavior seen recently. A spike in buying pressure can be expected after most overleveraged traders were flushed out of the…


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