LTC is now around 46.7u. It’s down a very large amount from its all-time high of 410, falling by nearly 90%.

But in recent weeks it has really been rising: up about 5% over the week, and nearly 10% over the month. It’s one of the older coins that has been moving relatively strongly over the past few days. Its 24-hour fluctuations aren’t big: the high is around 47.5, and the low around 46.6. After the rise, it’s basically taking a breather.

If it can drop this deep and still keep rebounding, it suggests there are buyers picking up at the bottom. Sentiment isn’t too bad. Also, as a very old asset, market awareness of it has always been there—so it won’t lack the necessary attention.

Circulating supply has already reached more than 90% of the total; there isn’t much left that can still be mined. So the supply pressure going forward is basically negligible. The price will depend more on whether capital is willing to come in.

At this level, if it can hold the 46 range, it’s likely it can continue this relatively strong move. If you want to take a trade to catch this run, you can watch around here. If it can hold above 47, that would indicate this rebound has more strength, and you can look higher. Short sellers entering now while the price is trending up need to weigh it carefully—the risk isn’t small. #ltc $LTC