It is to be expected a lot of cryptocurrencies will start to struggle with their upward momentum for now. Once Bitcoin broke the $9,000 level, the altcoins went into the red almost immediately. For now, things are not looking dramatically bad whatsoever. The big question is whether or not the Litecoin price can continue to buck this trend. It is the only top altcoin still in the green as of right now.
It has been a wild ride for the Litecoin price over the past few days.After reaching a new all-time high of $84 just yesterday, the party kept on going for a while after that. At its peak, the Litecoin price successfully surpassed $89, although that momentum didn’t last all that long. More specifically, there was an initial dump to bring the price down, but there was plenty of resistance from LTC buyers as well. At its lowest point, the Litecoin price dropped back to $84, which is still more than acceptable.
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