Litecoin could be one of the best performers in the upcoming days. Here are the next targets

Litecoin could be one of the best performers in the upcoming days. Here are the next targets
фото показано с : invezz.com

2021-5-4 00:16

Litecoin (LTC) is enjoying steady bullish momentum, and for now, everything indicates that the price could advance again above $300 resistance.

Fundamental analysis: Litecoin could be one of the best performers in the upcoming days

The cryptocurrency market is advancing in the first trading days of May, Ethereum went above $3300, and this situation also supports the price of Litecoin. If this positive trend continues, Litecoin could be one of the best performers in the upcoming days.

The cryptocurrency market continues to attract “big players”, and according to the latest news, eBay is considering a crypto payment option. eBay CEO Jamie Iannone said that eBay is looking into a new payment option which should be cryptocurrencies, but the company is also exploring ways to utilize non-fungible tokens (NFTs).

The daily volume of LTC remains high, and Litecoin continues to grow following an influx of new capital into the market.

“There has never been so much capital confidence invested into the network, and other hard data metrics such as transferred values and transaction numbers show usage is rising. These numbers suggest fundamental support of these valuations and indicate this is not just speculation,” team of Litecoin has reported.

Last month, PayPal launched “Checkout with Crypto,” which allows customers to pay with Bitcoin, Litecoin, Ethereum, and Bitcoin Cash. Mastercard and Visa also made improvements to integrate cryptocurrencies into their payment networks, and this trend could follow many other payment companies.

Africa’s oldest national park, Virunga, recently announced that it would accept Ethereum, Litecoin, Bitcoin, Chainlink, and many other cryptocurrencies as donations. The migration toward digital payments continues to accelerate while strong network fundamentals continue to be one of the main characteristics of Litecoin.

Litecoin (LTC) is trading very close to the $300 resistance level

Litecoin (LTC) price is advancing in the first days of May, and for now, there is no sign of the trend reversal. Litecoin could advance even more in the ongoing bull market, and if the price jumps once again above $300, the next price target could be around $325 or even $350.

Data source: tradingview.com

On the other side, if the price falls below $250, it would be a firm “sell” signal, and we have the open way to a $200 support level. It is also important to mention that the price of Litecoin is correlated with the price of Bitcoin, and investors in this cryptocurrency should also have Bitcoin on their “watch list.”

Summary

The cryptocurrency market is advancing in the first trading days of May, Ethereum advanced above $3300, and this situation also supports the price of Litecoin. The daily volume of LTC remains high, and if this positive trend continues, Litecoin could advance soon above $300 resistance. If the price jumps once again above $300, the next price target could be around $325, but if the price falls below $250, it would be a strong “sell” signal.

The post Litecoin could be one of the best performers in the upcoming days. Here are the next targets appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Litecoin (LTC) на Currencies.ru

$ 98.55 (-0.92%)
Объем 24H $2.439b
Изменеия 24h: 8.63 %, 7d: 1.54 %
Cегодня L: $90.45 - H: $104.64
Капитализация $7.414b Rank 22
Цена в час новости $ 286.66 (-65.62%)

days litecoin could upcoming performers one best

Источник: invezz.com

days litecoin → Результатов: 126


Could Litecoin overtake XRP before the halving?

Litecoin has been surging amid the upcoming block rewards reduction. LTC’s market capitalization recently increased by $2 billion leaving Bitcoin Cash behind. Now, as the bullish trend continues the question is, “will LTC flip XRP?” The Halving Event Fifty-five days from today, at exactly block 1,680,000, Litecoin will go through a fixed process called halving […] The post Could Litecoin overtake XRP before the halving? appeared first on CryptoSlate.

2019-6-12 23:01


Чарли Ли рассчитал доходность майнинга после халвинга Litecoin

За прошедшие сутки криптовалюта Litecoin поднялась в цене почти на 10%, превысив отметку $127 и обновив свой годовой максимум. Тем временем создатель «цифрового серебра» Чарли Ли опубликовал в своем Twitter расчеты того, на какую доходность могут рассчитывать майнеры после халвинга Litecoin.

2019-6-11 12:10


Чарли Ли: даже после уполовинивания Litecoin-майнеры будут в плюсе

За прошедшие сутки криптовалюта Litecoin поднялась в цене почти на 10%, превысив отметку $127 и обновив свой годовой максимум. Тем временем создатель «цифрового серебра» Чарли Ли опубликовал в своем Twitter расчеты того, на какую доходность могут рассчитывать майнеры после халвинга Litecoin.

2019-6-11 10:16


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Immutable Pre-Approved Transactions: The End of Disrupted Gameplay

Immutable Web3 unveils Pre-Approved Transactions, a feature integrating blockchain approvals directly in-game, offering seamless transactions and a true Web3 experience. The post Immutable Pre-Approved Transactions: The End of Disrupted Gameplay appeared first on NFT News Today.

Earn Big with NXI Airdrop: 2 Reward Campaigns

Play Billionaire’s Path for $500,000 in rewards or join Everdawn Champions for a share of 105 million NXI tokens. Explore both airdrop campaigns and start earning. The post Earn Big with NXI Airdrop: 2 Reward Campaigns appeared first on NFT News Today.

GOAT Gaming: Step into Reward-Driven Web3 Games and Win Big!

GOAT Gaming is redefining Web3 gaming with mini-games, real prizes, and community engagement through its Road to $GOAT campaign on Telegram. The post GOAT Gaming: Step into Reward-Driven Web3 Games and Win Big! appeared first on NFT News Today.