Cryptocurrency

Litecoin

Silver

Momentum

Rise

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/expectations-rise-for-litecoins-market-performance/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Expectations Rise for Litecoin’s Market Performance</a> 
<a href="https://en.coin-turk.com/dydx-founder-warns-crypto-developers-forget-servicing-us-customers-for-now/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cryptocurrency</a> market movements have enabled many <a href="https://coin-turk.com/shiba-inunun-metaverse-projesinden-yeni-detaylar-geliyor-yerinizi-alin" data-wpel-link="internal" rel="noopener noreferrer nofollow">altcoins</a> to achieve notable rises. These increases have brought gains of up to 1000 percent. Yet, some cryptocurrencies have not fully sprung into action, one of which is Litecoin. Now, there is talk of a 30% potential increase in the price of Litecoin.
<h2 style="text-align: justify" id="growth-expectations-for-altcoin-litecoin">Growth Expectations for Altcoin Litecoin</h2>
The cryptocurrency Litecoin (LTC) is entering an exciting period. LTC, which has shown strong performance in recovering from recent losses, is now preparing to tackle two critical barriers ahead.
Since March 2022, the silver <a href="https://coin-turk.com/bloomberg-stratejisti-piyasanin-yonunu-belirledi-btc-ve-eth-nasil-bir-performans-sergileyecek" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> Litecoin has formed three lower high points and is currently trading below the trend line connecting these swing points. LTC is also trading below the psychological level of $100, struggling to overcome these two barriers.
<img loading="lazy" decoding="async" loading="lazy" class="wp-image-332711 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/litecoin-ltc-coin-turk-com-1-1.png" alt="" width="1533" height="809">
Momentum indicators, the Relative Strength Index (RSI) and Awesome Oscillator (AO), are above their respective average levels of 50 and 0. This indicates a market dominated by buyers.
<h2 style="text-align: justify" id="what-levels-are-expected-for-silver-bitcoin-litecoin-price">What Levels Are Expected for Silver Bitcoin Litecoin Price?</h2>
Therefore, if the Litecoin price maintains its upward momentum and overcomes the $100 resistance level, it could signal the entry of opportunistic buyers and potentially the start of a rally. The weekly high of $119.84 will be a target for some of these buyers to realize potential profits.
This movement in the <a href="https://coin-turk.com/binance-yatirimcisi-oldugu-dev-altcoin-yuklu-token-unlock-alarmi-4-buyuk-gruba-dagitilacak" data-wpel-link="internal" rel="noopener noreferrer nofollow">altcoin</a> Litecoin price represents a 30% increase from its current position. However, a drop in the support level to $76.78 could invalidate the upward thesis.
Conversely, the bullish outlook for silver <a href="https://en.coin-turk.com/bitcoins-momentum-surges-past-73000/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> Litecoin could be invalidated if the flagship of cryptocurrencies, Bitcoin, triggers a steep correction. In such a case, the altcoin Litecoin price could revisit the support base of $75.78.
Breaking this level would create a lower low and invalidate the bullish thesis. Such a development could potentially lead to altcoin LTC dropping to about $53.83, which is roughly 30% lower than $75.78. Looking at the silver Bitcoin Litecoin price while writing this article, we see that the price is trading just below $90, at $89.20.
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/expectations-rise-for-litecoins-market-performance/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Expectations Rise for Litecoin’s Market Performance</a></h5>

Expectations Rise for Litecoin’s Market Performance

Tabla de contenidos

COINTURK NEWS

Otros artículos publicados el 25 mar 2024

Maximizing Growth with Strategic Altcoin Picks

Ripple dev proposes Canary network for XRP ledger following AMM bug discovery

EU Ban On Anonymous Crypto Wallets – Debunking The Latest Claims About EU AMLR’s Decisions

Bitcoin Surpasses Previous High: Turkish Investors’ Crypto Preferences

Cardano Dominates Developer Engagement with ADA Soaring 80%

Featured News: NVIDIA CEO Jensen Huang Speaks For This Altcoin, Says “Very Cool”

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!