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Litecoin (LTC) is back in the light with its price increasing, fueled by new interest. Even the general market is steady after weeks of volatility caused by macroeconomic factors. LTC’s recent trend is very similar to the direction taken by Bitcoin and is likely to follow it further upward. Traders and investors are holding back […]
According to CRYPTOWZRD on his recent post on X, Litecoin (LTC) ended the week with a bearish close, a move that’s being interpreted as part of a normal market cycle rather than a sign of weakness. Despite the pullback, the LTCBTC pair is showing promising signs of strength and is expected to rally in the coming week. CRYPTOWZRD notes that the intraday chart development will be key in identifying the next viable scalp opportunity. As long as LTC continues to hold above the critical $100 level, the conditions remain favorable for a bullish breakout, potentially triggering the next leg up in the LTCBTC trading pair. The Bullish Catalyst That Could Propel Litecoin Higher Providing further insight, CRYPTOWZRD explained that the daily candles for Litecoin and the LTCBTC pair closed lower today. He reassured that this short-term decline is not a cause for concern, especially since the broader picture remains bullish. Related Reading: Litecoin Conviction Remains Strong: More Than 20% Of Supply Frozen Since 5+ Years According to the analyst, Litecoins weekly candle closed with notable strength, hinting at sustained upward pressure in the days ahead. The LTCBTC pair also ended the week on a positive note, which could be an early sign of renewed bullish momentum. However, CRYPTOWZRD emphasized the importance of a more impulsive push from LTCBTC in the upcoming week to ignite Litecoin’s upswing. He also noted that Litecoin and LTCBTC are currently trading in extremely oversold conditions, a factor that typically precedes strong rebounds. With that in mind, CRYPTOWZRD plans to closely monitor intraday developments on the lower time frames tomorrow, looking to capitalize on any quick trading opportunities as the setup evolves. LTC/BTC Breakout Confirmed – Key Levels To Watch Concluding his analysis, CRYPTOWZRD highlighted that Litecoins intraday chart remained highly volatile throughout the day, with the price now consolidating around the crucial $100 support zone. If buyers step in and drive a strong bullish move from here, it could open the door for a rally toward the $109 target or possibly even higher. Related Reading: Litecoin Breaks Under Parallel Channel: Analyst Predicts This Target On the other hand, a failure to hold this support could lead to extended sideways movement, especially if Bitcoin remains uncertain or lacks directional momentum in the coming sessions. The broader markets response, particularly from BTC, will likely influence Litecoins next move. For now, CRYPTOWZRD advises waiting patiently for a clean and reliable setup to emerge before taking action. He emphasized that discipline is crucial in choppy conditions like these, and his focus will remain on tracking price development on lower time frames to spot the next favorable entry point. Featured image from Getty Images, chart from Tradingview.com
Litecoin (LTC) recently underwent a decrease in value, dropping from its recent high of $112 to $71. However, despite this decline, LTC remains poised for potential significant growth in the long term. This optimism stems from the anticipation surrounding the upcoming Bitcoin Halving, which is expected to trigger a substantial upward movement in the cryptocurrency […]
Litecoin (LTC) is in a range-bound mode at the current period as its weekly price displayed resistance to slump below a broken symmetrical triangle. Rose Premium Signals highlighted that the price of LTC is in the process of creating a bullish momentum as it holds certain indicative levels. This is after a period of fluctuating […]
Litecoin (LTC) is facing a critical juncture in its price surge, with its value hovering just above $89.52 on CoinGecko, showcasing a modest 0.3% increase in the last 24 hours. However, LTC has endured a slump of 3.6% over the past seven days. As the price continues to hover below the crucial resistance level of [...]
The post The Litecoin $95 Question: Is A Bullish Breakout In The Pipeline? appeared first on Crypto Breaking News.
Litecoins bullish momentum has cooled off, with the price sliding back to $97.8 after struggling to sustain its recent uptrend. The pullback comes amid increasing selling pressure, raising concerns about whether this is a temporary correction or the start of a deeper decline. While LTC previously showed strength, the inability to maintain higher levels suggests that market sentiment is shifting, leaving traders questioning the coins next move. As the price approaches key support levels, traders are closely monitoring market signals to determine the next move. Will buyers step in to defend LTC and spark a rebound, or will bearish pressure push the price even lower? Litecoin Drop To $97.8: What Triggered The Pullback? Litecoins retreat to $97.8 comes after failing to sustain its recent uptrend, as increasing selling pressure drove the price lower. After an initial push higher, LTC encountered strong resistance at the $113 key level, preventing further gains and triggering a pullback. This resistance rejection prompted profit-taking among traders, as many opted to secure gains rather than hold through potential volatility. Related Reading: Litecoin Fails To Break Key Resistance Level Again Can Bulls Hold Range Lows? Moreover, the decline in buying momentum played a crucial role in the price drop. As bullish enthusiasm faded, buyers struggled to maintain control, allowing sellers to take over. The weakening demand led to increased downward pressure, accelerating Litecoins descent toward the $97.8 support level. Broader market uncertainty also contributed to the downturn. A combination of external factors, including macroeconomic conditions and Bitcoins price action, likely influenced traders’ risk appetite, leading to a cautious approach toward altcoins like LTC. Technical indicators also experienced a drop below average, prompting a correction as traders reassessed their positions. If Litecoin fails to hold above $97.8, further downside could be expected. However, a possible recovery may be on the horizon if buyers step in at this level. Potential Scenarios: Rebound Or Further Decline? The Litecoin price movement around the $97.8 level will be crucial in determining its next direction. Two possible scenarios could unfolda strong rebound if buyers regain control or a deeper decline if selling pressure persists. Related Reading: Litecoin Price Shows Resilience In Uncertain Market Conditions Whats Next For LTC? In a bullish scenario where LTC manages to hold above $97.8, buyers could step in, driving the price toward immediate resistance levels. A successful rebound might push Litecoin back above $113, with the next target being $131.6. After this, bullish momentum may grow, paving the way for a rally to $146. However, in a bearish scenario where Litecoin fails to hold above $97.8, the price could face additional downside pressure. Breaking below this key support hints at a decline toward $89.7 and $76.8, and even lower support zones, making it critical for bulls to defend key levels. Featured image from Pexels, chart from Tradingview.com
The Litecoin (LTC) price decrease was a healthy retracement as it pulled back toward the $92 mark. Such retracements are standard after prolonged upward trends and are often seen as an opportunity for the market to find stability before continuing its upward trajectory. However, in the case of Litecoin, the bears have become increasingly dominant, signaling potential resistance ahead. LTC has been facing a significant price drop, falling below the crucial $90 level to $89.47, as reported by CoinGecko. The altcoin experienced a minor 0.3% increase in the last 24 hours, which hardly compensates for the troubling seven-day slump of 3.6%. This sharp decline has sparked concerns among investors and traders, as the once-promising bullish momentum seems to have taken a dramatic turn for the worse. Related Reading: Binance Coin (BNB) Price Poised For A Major Breakout – Which Way Will It Go? Source: Coingecko Litecoin Struggles To Surpass $92 One key factor contributing to the current bearish trend is Litecoin’s inability to climb past the $92 mark. LTC has repeatedly failed to breach this level and has instead posted lower lows, indicating a loss of bullish momentum, as noted in this LTC price report. When a cryptocurrency struggles to surpass crucial resistance levels, it typically shows waning buyer interest and growing selling pressure, leading to a downward spiral. As LTC’s price continues to decline, investors are now concerned about the $87.65 support level. Historically, this level has held firm during previous price declines as a crucial barrier against further downside movements. However, given the recent price behavior and lack of significant buying support, there are growing concerns that the $87.65 support may falter. Litecoin market cap currently at $6.5 billion on the daily chart: TradingView.com Halving Explained Halving is one of the critical events that have shaped Litecoin’s history and price movements. Halving is a protocol-driven event that occurs approximately every four years in Litecoin’s blockchain. During this event, the block reward for miners is reduced by half. In other words, miners receive 50% fewer LTC for verifying transactions and adding blocks to the blockchain. The purpose of halving is to control the inflation rate of Litecoin and ensure a limited supply, similar to Bitcoin’s halving mechanism. LTC price action in the last 24 hours. Source: CoinMarketCap Related Reading: Shiba Inu: Will This Bullish Formation Lead To A 25% Upsurge? By reducing the mining rewards, halving makes it more challenging and costlier for miners to add new coins to circulation, reducing the recent supply influx. This scarcity can lead to increased demand and potentially drive up the price of Litecoin. Examining Litecoin’s price action before the upcoming halving event can provide valuable insights into its market dynamics. In the lead-up to the halving, anticipation often builds, driving speculative interest. However, post-halving, the market tends to experience increased volatility as it finds a new equilibrium with the reduced supply. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Sanfermin.com
Litecoin (LTC) is still trending low like the rest of the cryptocurrency market but one thing that separates the altcoin from the others is its obvious bullish case. Unlike the rest of the market, Litecoin looks set for another rally which will likely be propelled forward by the next halving. Litecoin Halving Presents Bullish Scenario [...]
The post Bullish Case For Litecoin Grows Stronger As LTC Halving Draws Close appeared first on Crypto Breaking News.
Can Litecoin become increasingly important in the future. Let's take a look at the Litecoin investment opportunities.
Litecoin (LTC) has recently witnessed an impressive three-day bullish streak, sparking excitement among investors as its price surged past the $91 level. The cryptocurrency’s remarkable performance during this period has been celebrated by bullish traders who see it as a significant victory. With this surge, Litecoin has caught the attention of market participants, generating renewed interest in its potential and signaling a potential shift in the broader cryptocurrency landscape. The remarkable growth of Litecoin in such a short span of time has rekindled optimism among cryptocurrency enthusiasts, who are closely monitoring its progress. Litcoin (LTC) Breaks Past Recent Lows LTC has defied expectations with a notable 6.1% rally in the past 24 hours, and shooting up to the $91.35 level, as reported by CoinGecko. This upward movement comes as a pleasant surprise for investors and traders who had concerns about LTC’s descent to the March low of $72 on June 14. Source: Coingecko The drop to this critical level sparked fears of a potential downward spiral for Litecoin. However, to the relief of bullish market participants, the strong buying pressure at the $72 support level proved resilient and initiated a mild price rally. LTC price movement in the last seven days. Source: Coingecko Related Reading: Conflux Claims Its Place Among Top Altcoins As CFX Price Skyrockets 46% The recent surge in LTC’s price not only demonstrates the cryptocurrency’s ability to rebound from critical levels but also solidifies the positive momentum it has gained over the last seven days. During this period, Litecoin experienced a nearly 20% climb. Meanwhile, an important milestone in the acceptance of payments was recently noted in a post on Litecoin’s official Twitter account. The cryptocurrency specifically reached an all-time high of 167 million transactions. LITECOIN ?? Use for payments is at an ATH ??167 million transactions ?? Liquidity 4th in all of crypto ??? More people building on $LTC than ever before = priceless ? pic.twitter.com/kwr50SDbMR — Litecoin (@litecoin) June 22, 2023 LTC Rides The Wave of Bitcoin’s Momentum Bitcoin’s recent surge toward the $30,000 mark has had a significant impact on the broader cryptocurrency market, lifting the prices of various altcoins, including Litecoin. As the leading cryptocurrency experienced a renewed upward movement, investors and traders eagerly embraced the positive market sentiment, driving a surge in altcoin prices. Related Reading: PEPE Leapfrogs With 72% Rally – What’s Behind The Surprise Vigor? The correlation between Bitcoin and altcoins has long been recognized in the cryptocurrency market. When Bitcoin exhibits strong bullish momentum, it often paves the way for other cryptocurrencies to follow suit, benefitting from the overall market optimism. Litecoin, being one of the prominent altcoins, has also reaped the rewards of Bitcoin’s recent surge, adding to its own positive momentum. Bitcoin halfway into reaching the $31K level on the weekend chart: TradingView.com Bitcoin’s price movements have historically set the tone for the broader cryptocurrency market, and Litecoin’s recent rally is a testament to this relationship. As Bitcoin continues to make strides and capture attention with its upward movement, altcoins like Litecoin stand to benefit from the increased market interest and positive sentiment. Featured image from The Market Periodical
Litecoin is the winner in daily crypto gains as whales appear to be behind the ongoing LTC price rally, on-chain data suggests.
What is the expected price of Litecoin at the end of February 2023? Can the LTC price rise sharply again? Let's take a look at it in more detail.
LTC price could drop alongside riskier assets as macro analysts sound a bull trap alarm over this potential “head fake” recovery.
Will LTC become a millionaire-maker in 2023? This article is all about Litecoin price prediction.
What is the Litecoin price prediction for the end of the year? Let's take a look at it in more detail.
MoneyGram's decision to integrate Litecoin into its crypto services and the coin's upcoming halving event has served as catalysts behind LTC's price rally.
What is the Litecoin price prediction, and can the LTC price reach $150? Let's take a look at it in more detail.
Litecoin (LTC) price started a recovery toward $100 as investors scrambled to seek a safe haven for their investments following the FTX-induced crash. However, the [...]
Litecoin diverged from the broader crypto market downtrend in the months leading up to its halving in August 2023.
LTC’s price continues to hold strong as the bull refuses to give in to the FTX fiasco as price trends are above $60. LTC’s price continues to look strong despite bearish market sentiments, as things look uncertain for most traders and investors. LTC’s price looks strong and continues to hold above the daily 50 Exponential Moving Average (EMA). The price action displayed by Litecoin (LTC) has been a joy to watch, holding up nicely above the daily range price channel it has formed in the last few weeks despite the uncertainty in the market. The market continued to look like a fairytale, with many traders and investors disheartened, following the collapse of the FTX effect affecting small crypto projects like Genesis as the market continues to look weak on each passing day signifying the bottom is not yet leading to the price of many altcoins declining. Despite the Domino effect of FTX, this has had less effect on Litecoin (LTC) as it continues to show its strength to rally higher. (Data from Binance) Related Reading: XRP Price Holds Ground While BTC and ETH Slide, Here’s Breakout Zone Litecoin (LTC) Price Analysis On The Weekly Chart The past few days have been filled with so much turbulence in the crypto space as many altcoins have struggled to show strength after losing their key support holding off price decline. The current uncertainty surrounding the market has resulted in reluctance on the part of traders and investors to make altcoin purchases in the case of LTC looking much different as the price of LTC continues to show bullish price actions as price eyes a rally to a region of $70-$80. FTX and Genesis’s news have hugely impacted the price of altcoins, including LTC, sending the price into a spiral movement to a region of $50 as the price bounced off this region to reclaim $60. After the price of LTC closed above the weekly high of $60, there are high chances of the market going higher, with the prices of LTC looking more with the weekly open. Weekly resistance for the price of LTC – $80. Weekly support for the price of LTC – $60. Price Analysis Of LTC On The Daily (1D) Chart The price of LTC remains considerably strong in the daily timeframe as the price trades above $60 resistance after bouncing off from the region of $50 on several instances, giving bear more of a sense of belief before rallying to $63. The price of LTC trades at $67; the price needs to hold strong above this region for the price to rally to a high of $80, where it would face resistance to trend higher. If the price of LTC breaks below $60, we could see more sell-off, as this has been an area of interest to hold off bears. Daily resistance for the LTC price – $80. Daily support for the LTC price – $60. Related Reading: Ethereum (ETH) Bulls And Bears Tussle At $1,000; Will Bears Come Top? Featured Image From zipmex, Charts From Tradingview
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