Litecoin breaks above $75 – here’s what analysts say LTC could do next

Litecoin breaks above $75 – here’s what analysts say LTC could do next
фото показано с : invezz.com

2023-1-3 14:15

Litecoin (LTC/USD), the digital gold cryptocurrency, is currently trading above $75 with around 7.2% gains in the past 24 hours.

According to data from market aggregator CoinGecko, Litecoin reached average highs of $75.81 across major crypto exchanges. Indeed, LTC hit highs of $77.97 on crypto exchange Coinbase and $77.76 on Binance (as calculated by TradingView).

Litecoin price chart on Coinbase. Source: TradingView.

The current price level puts LTC above a critical level that analysts say could be key to LTC/USD short term, with more holders looking to buy Litecoin.

Analysts’ take on Litecoin price outlook

Litecoin price rose to $85 on 5 December 2022, its highest price level since May 2022. However, LTC fell sharply afterwards to hit lows of $61 on 19 December as cryptocurrencies suffered the impact of FTX’s bankruptcy.

LTC price is back above $70 though – with the breakout taking the coin’s price above a key resistance level established in May. While prices could still fall to support areas below current price levels, analysts suggest bulls might have an opportunity here.

According to crypto analyst Rekt Capital, Litecoin’s upside includes a successful bullish monthly close above the critical support level of $67. This positions LTC for further upside momentum, the technical analyst tweeted. As shown in the chart he shared, the digital gold token is “already showing initial signs of upside following its successful retest of the top of the green historical demand area as support”

Litecoin price prediction chart. Source: Rekt Capital on Twitter.

Another analyst, Michael van de Poppe, says the breakout above $72 opens LTC to a possible “fast continuation.” In his assessment, LTC could be poised for a retest of the $100 region.

Didn't get my fill on #Litecoin, but the price action followed the plan.

Time for longs around $72 I'd say. Next stop; $100. pic.twitter.com/sX0QM350h7

— Michaël van de Poppe (@CryptoMichNL) January 2, 2023

Amid the increase in price has been growing interest in LTC by sharks and whales – the large investors.

According to recent data by on-chain metrics platform Santiment, the number of large addresses holding LTC hit a two-year high on Christmas Day.

💡 #Litecoin's price ratio vs. #Bitcoin remains up big since large addresses began popping up at historic rates starting in May. Since June 12th, the $LTC / $BTC price ratio is up +130%. The network just hit the most 1,000+ $LTC addresses in 2 years. 🐳🦈https://t.co/ebgP2kw1tQ pic.twitter.com/Jq3AdhAMPO

— Santiment (@santimentfeed) December 27, 2022

The post Litecoin breaks above $75 – here’s what analysts say LTC could do next appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Litecoin (LTC) на Currencies.ru

$ 71.44 (-0.07%)
Объем 24H $387.613m
Изменеия 24h: 0.17 %, 7d: 2.94 %
Cегодня L: $71.32 - H: $72.33
Капитализация $5.37b Rank 19
Цена в час новости $ 75.22 (-5.03%)

litecoin ltc above according past data hours

Источник: invezz.com

litecoin ltc → Результатов: 126


Litecoin Primed for Massive Bull Run, Analyst Predicts LTC’s $1,000+ Potential

In an analysis shared on TradingView, analyst and trader Alan Santana has provided an optimistic outlook for Litecoin (LTC). He suggests that LTC is preparing for a substantial bull market. Santana’s analysis highlights key historical price movements and current market conditions, signaling that Litecoin may soon experience major growth.

2024-8-13 14:30


Litecoin Bears Still in Control as Prices Remain in the Dark – How LTC Traders Can Navigate the Downtrend

Litecoin (LTC) has been on a downward trend over the past week, with prices dropping around 4% over the last 7 days. LTC is currently trading around $62, down from highs of $65 last week. According to leading crypto analytics firm altFINS, the technical outlook remains bearish for Litecoin in the short to medium term.

2023-10-11 17:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Litecoin price prediction - Buyers, is it time to wait for a breakout?

Litecoin, at press time, was at a critical point, facing immediate resistance at $72 and support levels around the 20-day and 50-day EMAs Traders should watch for a patterned breakout to gauge The post Litecoin price prediction - Buyers, is it time to wait for a breakout? appeared first on AMBCrypto.

Litecoin rises as digital asset inflows hit $901 million

Litecoin (LTC) is among altcoins to record slight gains on Monday as Bitcoin (BTC) price spiked above $68k again. This comes as cryptocurrency investment products recorded another mega inflows week, despite BTC struggling as bears rejected the advance above $69k.

Litecoin set for recovery? LTC's $36B on-chain activity suggests...

LTC has declined by 3.74% over the past week. Despite the decline, Litecoin's on chain activity surges with 512.8 million moving on-chain. After a sustained decline, Litecoin [LTC] saw a brThe post Litecoin set for recovery? LTC's $36B on-chain activity suggests... appeared first on AMBCrypto.

Litecoin (LTC) founder is optimistic about spot ETF approval

Litecoin received a major boost last week when asset management platform Canary Capital filed for the listing of a spot Litecoin exchange-traded fund. Now Litecoin founder Charlie Lee says he believes the US Securities and Exchange Commission will give a greenlight for the spot Litecoin ETF.

Is Litecoin's price revival underway? Social engagement could be key!

Litecoin concluded a bullish week aided by a resurgence in social engagement Whales have been contributing to the rally, but the cryptocurrency might see a pullback soon It has been an interThe post Is Litecoin's price revival underway? Social engagement could be key! appeared first on AMBCrypto.

Litecoin price prediction - Here's what a move to $82 and beyond depends on

Bullish momentum and buying pressure suggested that Litecoin is likely to climb towards $74 and beyond A move beyond $82 would suggest that a long-term uptrend is possible Litecoin [LTC] traThe post Litecoin price prediction - Here's what a move to $82 and beyond depends on appeared first on AMBCrypto.

Litecoin ETF next? Canary Capital makes a move, LTC surges

Canary Capital files for Litecoin ETF. LTC surges 6.3% post-filing. Institutional demand for cryptocurrency exchange-traded funds [ETFs] has grown exponentially, and Canary Capital has positThe post Litecoin ETF next? Canary Capital makes a move, LTC surges appeared first on AMBCrypto.