Within minutes, Litecoin (LTC), the fifth most valuable asset in the global crypto market, surged by 10 percent against the U.S. dollar. The sudden short-term rally of Litecoin was followed by the recovery of Bitcoin from around $3,700 to $3,868. Bitcoin is en route to breaching the $3,900 resistance level once again after defending the $3,700 mark with relative ease. What’s Behind the Litecoin Rally and Can Bitcoin Sustain Momentum? According to many traders, the recent price movement of Litecoin was more technical than fundamental. For the first time since July, Litecoin broke out of a key resistance level above
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