Litecoin climbs 3.3% to $56.11, faces key resistance at $58.55

Litecoin , one of the earliest and most recognized altcoins in the cryptocurrency ecosystem, posted a gain of 3.33% over the past 24 hours, bringing its price to $56.11 at the time of writing. The coin’s recent price movement has revived conversation among traders and analysts regarding its ability to establish a sustainable recovery after recent market turbulence. Analysis of Litecoin’s trading data shows that the digital asset opened at $54.30, reached an intraday high of $57.04, and dropped to a low of $52.10 before rebounding.

Source: CoinTurk News