Litecoin Is Trying to Recover
The Litecoin (LTC) is trading mostly neutral at $70.50 this week. The altcoin dipped by 4.4% since the beginning of 2024 to the levels seen in early 2023. The altcoin is clearly lagging behind the market without any activity in the network. The altcoin dropped by 30.0% after a halving on August 4, 2023. It has some upside potential from a technical standpoint, as prices are not close to the support of $70.00. But it is unlikely to rise towards $80.00 without any solid arguments from the project team.
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