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Reading: Is It Time for Litecoin to Rise Again? LTC Comments from 2 Analysts
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EdaFace Newsfeed > Latest News > Altcoin News > Is It Time for Litecoin to Rise Again? LTC Comments from 2 Analysts
Altcoin News

Is It Time for Litecoin to Rise Again? LTC Comments from 2 Analysts

vitalclick
Last updated: September 5, 2024 11:21 pm
1 year ago
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Calendars Bitcoin $57,013.95In the second year of its emergence, in 2011, it was seen that costs increased due to the increasing density in BTC transactions. This cost increase caused people interested in the sector at that time to look for solutions. At this point, in 2011, the first altcoin with a much lower transaction cost Litecoin $67.48 Although the years that have passed since Litecoin’s emergence have not been enough for it to stay in the top 10 despite its forward movement in terms of price, analysts still seem hopeful that there may be a rise.

Litecoin Price PredictionsHow Many Dollars is Litecoin?

Litecoin Price Predictions

When the calendars showed the year 2021, Litecoin rose to $ 412 after an incredible rise, but then experienced a huge pullback. Today, although it is far behind the mentioned level (about 84.5%), analysts seem optimistic about a new price increase. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!

One of the closely followed names in the market World of Charts According to the analyst named, it may be time for BTC to rise. According to the analyst, the LTC price may rise above $ 110, which could mean a 67.66% increase. In this process, the first resistance levels may point to the $ 73-75 region for LTC, and in the short term, the price may rise to $ 90 before the mentioned level.

The analyst’s statement on the subject was as follows:

LTC is breaking. A solid recovery is expected in the coming days. 1. Intraday resistance is $73-75 area. 2. Target is $86-90 in the short term, but it may test $110 in the medium term.

Another analyst closely following the market, Sashimi Nagasaki, also expressed his opinion that LTC could exceed $100, and showed the breakdown that could pave the way for this with the chart he shared.

How Many Dollars is Litecoin?

LTC Although its price exceeded $ 68 today, it seemed to have fallen again. In the process where Bitcoin fell below $ 66,000, LTC was also seen to fall below $ 66. As of the writing time, the LTC price is finding buyers at $ 65.76, which showed that the price has a completely neutral structure in the last 24 hours.

The neutrality of LTC’s price caused the market volume to remain constant at $4.93 billion. On the other hand, the transaction volume increased by 8.91% and settled at $358 million.

Ethereum $2,405.88 It seems that it will continue to be a matter of curiosity whether LTC, which has become the target of miners in the market after its mining has ended, will be able to rise to its former ATH in a possible bull season in the future.

Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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