Litecoin short-term Price Analysis: 01 August

Disclaimer: The findings of the following article attempt to analyze the evolving trends in the long-term Litecoin market and its impact on the crypto’s priceLitecoin has been noting significant gains on the charts recently, with LTC’s market cap boasting strong growth as well. In fact, according to CoinMarketCap, Litecoin’s market cap of $3.89 billion pushed it higher on the charts, with LTC now positioned seventh on the list. With volatility sneaking back into the Litecoin market, the cryptocurrency seemed to be well-positioned to rise even further.Source: LTC/USD on TradingViewThe 6-hourly chart for Litecoin [LTC] noted the trading value of the digital asset at $59.88 as it formed part of an ascending channel. The price of LTC had been rallying since 21 July, with spur...