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Litecoin gains nearly 11% in the process, therefore recovering most earlier losses

  • Litecoin started gaining on Friday morning, at one stage reaching $113 (+11%)
  • Daily volumes already exceeds $5 billion
  • Next resistance level = $120

In morning trade on Friday Litecoin (LTC) has started increasing in value again. From $102 earlier today it strengthened to $113, an increase of nearly 11%. Daily volume already exceeds $5 billion and the market cap stands at around $7 billion.

Over the last week, Litecoin managed to recover nearly all of its previous losses, while during the same period Bitcoin has lost nearly 7%. The next resistance level is at $120, and if the cryptocurrency can break through that, further increases are entirely possible.

Update: At press time around 3pm BST Litecoin was trading at $116.33.