Litecoin (LTC), one of the oldest altcoins, closed the year with a 5,045% gain and took it to the number nine spot in the list of best-performing digital currencies of the year.
Litecoin is at the crossroads, but good news seems to be building up, portending not only a short-term spike but a successful year ahead. At the moment, the LTC market price is recovering slightly, towards $274, after it sank to a temporary low around $213.
On the technical charts, currently, the market is hovering below the 20 day EMA. Major resistance is at 255.029 and support is at 239.39.
Trade suggestion: (Buy LTC/USD)
Buy digital Call option between 255.45, and 280, valid until 23:00 GMT January 3rd