The beginning of this year has been almost an epic for cryptocurrencies, most of them arising during the first days of January. However, one of last year's favorites remained asleep and even fell a bit while the rest was on fire. Litecoin has finally awakened during the Asian negotiation session this morning and once again is heading up.
Like many of his brothers, Litecoin LTC had a great year in 2017, starting at around $ 4 and steadily climbing more than ten times to reach a stability of around $ 50 where he stayed for several months. In November he rose again to the $ 100 level where he again stopped for a while. Between December 8 and 13 Litecoin went parabolic and jumped to $ 340, hitting a record $ 375 a few days later.
Since those dizzying days, the Altcoin has fallen from grace in a downward trend for three weeks to lows of just over $ 220. The news that founder Charlie Lee had sold all his LTC properties left the community with a taste sour. The Hodlers began to worry as all the other Altcoins were making upward movements and Litecoin was falling behind.
Things started to change this morning during the Asian trading session when LTC broke its weekly resistance level of $ 255 and skyrocketed in a couple of hours to just over $ 300. Litecoin has finally woken up from its dream to break $ 300 again for the first time since December 22. The majority of operations have been in the Hong Kong OKEx exchange in Bitcoin Cash, followed by GDAX and South Korean Bithumb.
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