Litecoin price surges to three months high

TL;DR Breakdown Litecoin price hit three months high at $225.Analysts predict more bull run for LTC to hit $500.Investors begin to stake high on LTC after leg up. Number 12 largest cryptocurrency, Litecoin (LTC), over the past 48 hours has seen a sporadic price surge seeing it record a new three-month high price at $225. The coin crossed the $200 resistance on Saturday to get in the bullish market alongside series of other altcoins. The altcoin had a daily close above 200 Moving average, setting up a highly bullish scenario. According to technical indicators, if it manages a weekly close above it, the altcoin could join the bull party like never before. This surge for Litecoin comes as the altcoin has struggled for a leg up in the past three months. It was less than $13 during that time as the entire crypto market took the hit. Now that it has finally broken out of the critical range, LTC could further break out of a prolonged multi-year range and retest its ATH of $412 soon, and following that, it can target the $500 mark and further. An analyst on Twitter said LTC to $1,000 is in sight soon. $LTC ON THE WAY TO 1000$ pic.twitter.com/KcsWXtuiC7— BUTCHER – THE LAST BULL STANDING $BTC 280k (@easyeight08) September 3, 2021 Analysts predict that the next resistance for Litecoin now is at $225, and if it breaks that level, it could hit $260 soon. It could also drop as low as $190. Investors begin staking on Litecoin af...