Is It Too Late to Buy Litecoin? LTC Price Rallies 11% as Green Coin Ecoterra Shoots Past $4.6 Million Raised - Time to Buy?

cryptonews.com:

Ranking 12th on the global crypto charts, Litecoin is capturing the crypto market’s bullish trend. 

So far, the silver version of Bitcoin has surged 2.47% in the last 24 hours and recorded over 11% increase in the past week. 

This is largely due to the broader market’s flip to bullish sentiment in the past day. 

This recent rally has spurred many investors to wonder if now is the best time to buy Litecoin or consider the fast-rising green blockchain initiative, ecoterra.

At press time, Litecoin is on a bullish streak, with its native $LTC asset trading at $96.7, indicating an uptrend of 2.47% in the past 24 hours.

Much like other cryptocurrencies on a bullish streak, the proof-of-work (PoW) blockchain protocol has posted an 11.13% increase in the last seven days, reflecting a positive week for $LTC. 

The asset’s one-month performance has been a bit tame, as it shot up 8.38% in the last 30 days. 

Its year-to-date (YTD) performance is up 37.97%, while it has also increased by 50.26% in the past year. 

Turning to its technical front, we can see a strong bullish tendency building momentum around the virtual currency. 

$LTC’s 50-day simple moving average (SMA) price stands at $89.31, significantly lower than its current market price. 

The 200-day SMA price also points to a long-term bull run, with the indicator price at $85.36. 

The relative strength index (RSI) shows that the $LTC asset is inkling towards the overbought zone, with the indicator figure at 63.52. 

Also, its moving average convergence divergence (MACD) indicates a strong buy signal in line with the broader crypto market, which has risen into the green zone.

This strong bullish sentiment around the lite version of Bitcoin has spilled into its fundamental layout. 

According to