Litecoin (LTC) major breakout spotted by veteran trader Peter Brandt LTC $LTC
At the time of writing, LTC was up 9% in the last 24 hours to $110. The token is up 20.83% in the last seven days. Litecoin has rejoined the top 10 cryptocurrencies by market capitalization. LTC sits in the 9th spot with a market capitalization of $8 billion.
Brandt posted a screenshot of the Litecoin/USD daily chart depicting the LTC major move. The veteran trader specifically highlights the move past the $108 key level as important. This is because a closer look at Litecoin's daily chart reveals this level as one that has hindered Litecoin in the past months. Instances were seen in February and April this year.The sudden price surge seen for Litecoin appears to be fueled by a skyrocketing hashrate and mounting anticipation of the next"halving" event. According to
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