Monday, May 29, 2023
BitWolf
  • Home
  • Cryptocurrency
  • Blockchain
  • Nft & Metaverse
  • Market
  • Bitcoin
  • Ethereum
  • More
    • Solana
    • Litecoin
    • Dogecoin
  • Live Prices
No Result
View All Result
No Result
View All Result
BitWolf

What Litecoin price needs to do to rally back to $100

bitwolf by bitwolf
September 10, 2022
in Litecoin
0 0
0
Home Litecoin


BuyBitcoinswithDebitCard
  • Litecoin value hovers just under a descending development channel established in February 2022.
  • Litecoin value reveals fewer transactions amidst the present uptrend transfer than the earlier decline.
  • A breach above the $64 stage might be the catalyst  to a rally focusing on the 2000-week shifting aveage at $100,

Litecoin value may make a run for the 200-week shifting common at $100. Nonetheless merchants ought to look forward to extra affirmation or be topic to a wise cash entice.

Litecoin value is just too early to name 

Litecoin value presently auctions at $60 because the crypto market is witnessing an applaudable rebound on Friday, September ninth. Litecoin value has reconquered a newfound supportive development line that the bears briefly breached earlier within the week. The bulls have crossed each the 8-day exponential and $21-day easy shifting averages, though the amount profile remains to be lower than it was in the course of the trendline breach. 

Litecoin value has a bullish state of affairs that shouldn’t be dominated out. If the Elliott Wave technicals are right, the bulls may rally as excessive as $100 within the midterm with out invalidating the broader bearish concept talked about in previous outlooks. 

tm/ltc/9/30/22

LTC USDT

Nonetheless, the Litecoin value might want to breach the descending development line presently positioned at $64 earlier than a justified entry will be made. The choice state of affairs might be that the present 14% rally for the reason that trendline breach occurred earlier this week is only a sucker’s rally meant to entice hopeful traders.

Thus merchants’ most secure wager is to stay sidelined (lacking out on the primary 15% of the anticipated 60% rally focusing on the 200-week shifting common at $100) till the descending development channel’s breach is completed.

Within the following video, our analysts deep dive into the value motion of Litecoin, analyzing key ranges of curiosity available in the market. -FXStreet Staff

 



Source link

Tags: Litecoinpricerally
ShareTweetShare
bitwolf

bitwolf

Next Post
Binance USD (BUSD/USD), Ethereum (ETH/USD) – Binance Stablecoin Hits $20B Market Cap Milestone, Exchange To Delist USDC Stablecoin Soon

Binance USD (BUSD/USD), Ethereum (ETH/USD) – Binance Stablecoin Hits $20B Market Cap Milestone, Exchange To Delist USDC Stablecoin Soon

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Bitcoin Holds Above $17K Despite DCG Uncertainty – CoinDesk

Bitcoin Holds Above $17K Despite DCG Uncertainty – CoinDesk

January 10, 2023
Bitcoin community not happy with Peter Zeihan’s criticisms on Joe Rogan podcast

Bitcoin community not happy with Peter Zeihan’s criticisms on Joe Rogan podcast

January 10, 2023
MULN Stock: Mullen Is the New Dogecoin… Without Any of the Fun

MULN Stock: Mullen Is the New Dogecoin… Without Any of the Fun

January 22, 2023
Why Polygon could play a key role in mass blockchain adoption despite MATIC’s…

Why Polygon could play a key role in mass blockchain adoption despite MATIC’s…

January 10, 2023
Coinbase says it will ‘evaluate any potential forks’ following the Merge

Coinbase says it will ‘evaluate any potential forks’ following the Merge

29
Controversial Crypto Lawyer Kyle Roche Pulls Out of Nexo, Binance.US, Solana and Dfinity Lawsuits

Controversial Crypto Lawyer Kyle Roche Pulls Out of Nexo, Binance.US, Solana and Dfinity Lawsuits

19
North Korea’s nuclear program is funded by stolen cryptocurrency. Could it collapse now that FTX has?

North Korea’s nuclear program is funded by stolen cryptocurrency. Could it collapse now that FTX has?

16
Cointelegraph Markets Pro delivers alerts for 113% gains from 5 trades in the face of 10% BTC drop

Cointelegraph Markets Pro delivers alerts for 113% gains from 5 trades in the face of 10% BTC drop

16
Ethereum: Bulls focused on flipping $1845 to support

Ethereum: Bulls focused on flipping $1845 to support

May 29, 2023
Gemini to Set Up Its Base in Europe, Headquarters to Be Opened in Dublin

Gemini to Set Up Its Base in Europe, Headquarters to Be Opened in Dublin

May 29, 2023
7 presidential candidates have dropped clues about their crypto stance

7 presidential candidates have dropped clues about their crypto stance

May 29, 2023
Coinmint Sues California Chipmaker for $23M, Alleging ‘Elaborate Deception’

Coinmint Sues California Chipmaker for $23M, Alleging ‘Elaborate Deception’

May 29, 2023

Recent News

Ethereum: Bulls focused on flipping $1845 to support

Ethereum: Bulls focused on flipping $1845 to support

May 29, 2023
Gemini to Set Up Its Base in Europe, Headquarters to Be Opened in Dublin

Gemini to Set Up Its Base in Europe, Headquarters to Be Opened in Dublin

May 29, 2023
7 presidential candidates have dropped clues about their crypto stance

7 presidential candidates have dropped clues about their crypto stance

May 29, 2023

Categories

  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • Litecoin
  • Market & Analysis
  • Nft & Metaverse
  • Solana
  • Uncategorized

Tags

Big Binance Bitcoin Blockchain BNB BTC Coin Cointelegraph crypto Cryptocurrency Data Digital DOGE Dogecoin ETH Ethereum Exchange eyes FTX Heres Inu Investors Latest launch launches Litecoin LTC Magazine market Metaverse News NFT NFTs price rally Report Shiba Solana Today token Top Trading Web3 Week XRP

© 2022 BitWolf All Rights Reserved

No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • Nft & Metaverse
  • Market
  • Bitcoin
  • Ethereum
  • More
    • Solana
    • Litecoin
    • Dogecoin
  • Live Prices

© 2022 BitWolf All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Translate »