Currency Economy

Litecoin price hits $400 all-time high but LTC rally at risk of overheating

Cryptocurrency31 minutes ago (May 10, 2021 08:00AM ET)Litecoin price hits $400 all-time high but LTC rally at risk of overheating

Litecoin price hits $400 all-time high but LTC rally at risk of overheating

Litecoin (LTC) has broken the $400 mark reaching a new all-time high price of $414 on Bitstamp on May 10.

The problem with buying Litecoin is that it has become too expensive in a very little period. The world’s tenth-largest cryptocurrency by market capitalization is worth 215 percent more than it was at the beginning of this year, soaring from $124.42 to a new record high of $413.90.Litecoin Dominance Index recovers amid rotational trading. Source: LTC.D on Tradingview.comLitecoin price’s response to higher RSI levels in recent history. Source: LTCUSD on Tradingview.com

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