Litecoin prices have risen recently, rising to their highest level since mid-May as the digital currency network continues to profit from growing activity.
It can be seen that Litecoin has seen a good reputation, producing a 38% jump reaching a high of $ 232.6 in the September trading session.
Several factors have supported the soaring price movement, one of which is the low volatility of around 58%.
Can be seen on the LTC/USDT price movement chart, saw the price of Litecoin has jumped over 40% in the August trading session.
From a technical point of view, LTC is seen to be declining slightly after reaching its latest high a few days ago.
If the LTC returns to a bullish pattern, the $ 225 resistance zone will be the next focus to be tested before making a higher jump.
But if the Litecoin price movement continues to show a bearish pattern, the $ 185 RBS (resistance become suppport) zone will be tested first before continuing the decline to the lowest level.
At the time of writing, LTC is trading at the $ 219 price level down over 2% in the last 24 hours.
