Litecoin (LTC) Price Surges Over 7% to Nearly $47 as it Continues its Upwards Surge

​After an incredibly positive week for Litecoin (LTC), it has been able to continue its upwards price surge today and is one of the few major cryptocurrencies that has surged during an overall quiet trading session in the crypto markets.

Today’s upwards move has brought LTC to the top of its resistance region, and a break above this level could lead to a significantly further price surge.

Litecoin Price Surges During Quiet Trading Session
At the time of writing, Litecoin (LTC) is trading up over 7% at its current price of $46.8. LTC is up significantly from its weekly lows of $32, which were set earlier last week before the cryptocurrency began climbing.

Instinct, a popular cryptocurrency trader on Twitter, spoke about LTC’s recent price surge, noting that it is now pushing up against another resistance level.

“$LTC showing no signs of slowing down. Pumping on a Sunday morning straight to the top of this 3D resistance level… Very happy with my long from avg ~.093 on Mex. Want to add but not until I see some type of retest after a S/R flip. Looking quite impulsive now,” he explained.

Medium term? No idea. But things are about to get interesting.

Would not recommend being bearish this deep into the market cycle. $ltc pic.twitter.com/u5BlsV9E3R

— Instinct (@instinctxbt) January 31, 2019

​$LTC showing no signs of slowing down. Pumping on a Sunday morning straight to the top of this 3D resistance level.

Very happy with my long from avg ~.093 on Mex. Want to add but not until I see some type of retest after a S/R flip. Looking quite impulsive now! pic.twitter.com/htqFMBPomH