Unlike Bitcoin, Litecoin was a slow but steady asset in the cryptocurrency industry. LTC, the third highest cryptocurrency in the world at the time, dropped two positions and now ranked fifth, according to CoinMarketCap.
The success story of Litecoin over the years can not be written without the efforts of its founder. Charlie Lee. Lee happens to be one of those who are not priced, but want cryptocurrencies to reach their goals soon.
Fortunately, the cryptocurrency has garnered some attention in recent days for Litecoin and its community, as Litecoin has reached the $ 100 mark, which has been a significant drag for some time.
Litecoin Back To The 100 Dollar Mark
2019 seems to have favored the fifth-ranked cryptocurrency. Since the beginning of the year, Litecoin has been on an upward trajectory towards the end of 2017 following a drastic decline from its all-time high.
At the time of writing, Litecoin was trading at $ 101.53. This would be the third attempt at this price level.
On April 3, 2019, an attempt was made. Litecoin posted a high of $ 99.89, which led to a sell-off that lasted over 20 days.
On May 16, 2019, Litecoin once again attempted to break his previous resistance level. The coin reached a high of $ 107.60 and ended the day with a bearish note as the bears took over, resulting in a slight decline.
Although Litecoin had problems at the current level, a successful attempt at $ 110 could make Litecoin his all-in goal. Again the highest point.
According to LTCUSD's TradingView chart, RSI indicator, period 14 seems to be reaching lows lower than candles. Traders should therefore be aware that there might be another round of declining days.
Launch of Litecoin
Litecoin has focused more on the widespread adoption of its cryptocurrency in recent years than it has on trade and investors.  ZyCrypto reported on April 18 of Litecoin's recent adoption history. Sportsbet.io, one of the industry's leading platforms, announced that the Litecoin Cryptocurrency is now supported.