https://media.coindesk.com/uploads/2018/09/LTC-price-index-728x364.png

Litecoin's (LTC) price hit a one-month high on Monday amid a broader bullish tone in the cryptocurrency market.

The world's seventh largest cryptocurrency by market capitalization reached $68.59 at 12:10:00 UTC – its highest price since August 7th, according to CoinDesk's Litecoin Price Index  – and was last seen trading at $68.18, up roughly 4.2 percent on the day. 

The recent bullish mood in cryptocurrency markets could be attributed to bitcoin's 20 percent rally from the August low of $6,000. More importantly, the world's leading cryptocurrency by market capitalization is looking up, having witnessed a pennant breakout, as CoinDesk previously reported.

The long-term picture is also looking rosy, courtesy of the weekly MACD's bullish turn. As a result, LTC could soon find acceptance above the immediate resistance lined up at $69.00 (50-day MA).

Read more here: https://www.coindesk.com/litecoin-price-nears-70-to-hit-one-month-high/