Coin surges by 13% as bulls consolidate their position

Litecoin [LTC] surged by over 13% and reclaimed its previous resistance level at $50. The silver crypto-asset’s price action remained in the $45-$49 range before rallying to an opening price of $53.52 on March 6.

LTC was highly traded on OKEx via the trading pair LTC/USDT. The trading volume on the exchange constituted 5.98% for the coin’s 24-hour trading volume.

At press time, the fifth largest cryptocurrency on CoinMarketCap was valued at $52.58 and held a market cap of $3.19 billion. The 24-hour trading volume recorded by the silver coin stood at $1.23 billion.


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