Join the larget crypto conference of 2022 in Bitcoin
Bitcoin
$ 39,046

Litecoin Price UP! Should you BUY LTC Today? Check this out First

0
(0)

Litecoin reached in 2022 a low price of $96 which represented a strong support area. Naturally, prices manage to pick up higher recently, fueled by the crypto market momentum. LTC prices reached today a strong resistance, and traders are on the verge of two scenarios. Either break higher or continue or retrace lower. What exactly has to happen for a Litecoin price up momentum to happen? Let’s see what will happen to LTC in this Litecoin price prediction article.

What is Litecoin LTC Crypto?

Litecoin is a cryptocurrency created by former Google engineer- Charlie Lee in 2011. It is credited as one of the first leading successors of Bitcoin and the first altcoin to be invented. It is a peer-to-peer (P2P) virtual currency whose network offers instant, near-zero cost payments that can be utilized globally. The cryptocurrency is also based on an open-source global payment network that is decentralized. According to researchers, Litecoin was created from Bitcoin’s original open-source code. When Lee created it, he announced it as Bitcoin Lite and remained viewed by many as a reaction to Bitcoin. Due to the cryptocurrency imitating the prototype of Bitcoin, it still possesses huge features as the leading digital asset.

Is Litecoin Price UP for the Next Phase?

LTC crypto formed a descending trend line during the recent move down. This trendline was tested yesterday and has served as resistance until now. Since the indicators are not yet in overbought territory, we assume that the Litecoin price will continue to rise. Thus, the current trend line would be broken. By breaking the trendline, an uptrend would develop. This would increase the Litecoin price.

>> CLICK HERE TO BUY LITECOIN <<

LTC/USDT 1-day chart showing Litecoin prices going up
Fig.1 LTC/USDT 1-day chart showing Litecoin prices going up – TradingView

Litecoin Price Prediction – Will LTC reach $200?

LTC managed to reach and even breach the $200 price mark, the last time being in November 2021. It is safe to assume that Litecoin can recoup previous losses and reach this level again. On the other hand, there are many other levels that Litecoin prices need to reach first.

If there is a bullish break in the trend line, we assume that the price will gradually work through the resistance. The Litecoin price could initially rise to $142. There is the first resistance. During the rise to $142, we do not expect a major correction either. After the price reaches the first target, a slightly larger correction could occur. However, this correction could result in a rally to $165, so corrections are not necessarily a bad thing. Mostly they are good for the price.

LTC/USDT 1-day chart showing Litecoin important price areas
Fig.2 LTC/USDT 1-day chart showing Litecoin important price areas – TradingView

>> CLICK HERE TO BUY LITECOIN <<

EU Europe Crypto
EU Europe Crypto© Cryptoticker
Litecoin Price UP! Should you BUY LTC Today? Check this out First  

Don’t miss a thing, sign up for our newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

 
BINANCE - The Exchange with the Most Trading Volume in the Wold

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

--------------------------Ads by Cryptonews24--------------------------------------
CocaCola Investing Platform

✅Brand new company platform launched 17/09/2022🔥💯

 

👉🏼Coca-Cola 👈

Don't miss Coca-Cola if you want to generate passive income.

It is a brand new company with stable and moderate income that will help investors earn money in the long run.

Say no!! on sites with high commissions, they only last a few days.

Coca-Cola is a legitimate company and supplies are standard.

https://cocacola66.vip/index/login/reg/invite_code/052091

$5 sign up bonus

-Minimum deposit $20
-Minimum withdrawal $10

Withdrawal time 0~10 minutes💯 ✅

Get 7% of your deposit everyday🔥
-Deposit 20, Get $1.5 Daily ✅
-Deposit 30, Get $2.1 Daily ✅
-Deposit 50, Get $3.5 Daily ✅
-Deposit 100, Get $7 Daily ✅
-Deposit 200, Get 14 Daily ✅

Get 10% of your first deposit and 10% on invite deposits 😱

Reward Invitations🏅
-30 valid members, get $100 reward ✅
-60 valid members, Get $150 reward ✅
-100 valid members, Get $350 reward ✅
Note: Valid member charges $30 and up

Deposit Reward🏅
Get 10%, 2% and 1% of Lv1, Lv2 and Lv3 group deposits.

A lot of activities will be organized in the main group to help hardworking members make a lot of money 💰

Registration link
👇🏽

https://cocacola66.vip/index/login/reg/invite_code/052091

This is a long term project!! Do not miss it!!! 💎 💎 💎 💎 💎

----------------------------------------------------------------------------------------------------------------------------------------

TELEGRAM
Cryptonews24 Channel Chat