Litecoin Price Analysis: 06 February

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice.

At press time, Bitcoin‘s market seemed to be inching closer to the $40k-mark with every passing candle. With the world’s largest digital asset trading at $39,338 at the time, the digital silver was also mirroring these gains. In fact, Litecoin‘s [LTC] market has been rallying higher over the past few days, with the cryptocurrency’s value close to $190, a value unseen since 2018.

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At the time of writing, Litecoin was valued at $159.56, with a market capitalization of $10.58 billion.

Litecoin daily chart

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