Litecoin Price

Introduction Litecoin (LTC) is a popular cryptocurrency known for its fast transaction confirmation times and low fees. In this daily technical analysis report, we will examine key indicators and interpret their values to provide insights into Litecoin’s potential price targets. Current Price: $88.6191 (as of 7:26 p.m. CT on 7 June 2023) Moving Averages Moving […]

Although things are slow at the moment, Litecoin’s market consolidation is progressing nicely. At least two important levels look secure, and the altcoin is likely gathering strength within the larger uptrend.

Litecoin is heading up, and pretty much every metric. The LTF charts need to stabilize a bit after some surging, but a promising bull flag has formed.

After putting in about 65% of gains during January, outperforming Bitcoin, Litecoin is seeing some cooling off. But on one chart, it could be gearing up to break out of a downtrend – not unlike Bitcoin’s own condition, currently.

Litecoin joins the ranks of leading altcoins that look ready to start uptrending in a big way. As Bitcoin pumps even as its dominance drops, we are not far away from forecasting 2020 as a bullish year.

In this price analysis, we look at the long trend prospects for Bitcoin, Litecoin, Ethereum and OKB.

Litecoin has broken up out of a post-dump consolidation, with a modest amount of strength. The leading altcoin was hit hard by Bitcoin’s price action two weeks ago, which bulls were quick to contain. But beyond that, buyers are not flooding in, even on a breakout.

A small price bump for the leading altcoin has not yet translated into a new leg in a larger reversal for the early September lows. Here, both the short and long term trends are waiting for buyers to come in and show their support.

Litecoin is trying to put in a higher low from a local bottom, and doing pretty well at it. There is a notable lack of volume in general, but the leading altcoin may soon take another trip up if it can hold a bit longer at its current level.

Litecoin looks ripe for the second leg up after a bounce. The bounce is now correcting, and if support comes in to hold a higher low, a decent trade opportunity may come amid an extremely depressed altcoin market.

Litecoin’s BTC pairing is shrinking into the bottom of a falling wedge pattern, and has a bull divergence on low timeframes. We look at breakout potential here, as well as the monthly and weekly closes.

In this OKEx sponsored piece, we take a medium-long view of Bitcoin, high-cap altcoins, and OKB. Bitcoin is still deciding which pattern it belongs to, as volume consolidates ever more. Is accumulation on the local lows over? Some healthy indicators suggest a cautious yes.

LTC’s signals look promising, as the silver crypto has been looking for bottom over the past couple of weeks. Flattening price and higher lows on the signal, as well as consolidating volume, paint a picture of eventual reversal.

Litecoin’s halving is expected to occur on Aug 5, with the block reward being reduced from 50 to 25 LTC. Investors have been anticipating the event for months, which in part explains why the price of litecoin has been steadily decreasing since reaching a relative high in June. 

As the halving event looks only days away, Litecoin struggles to find enough volume to put in a bottom – although strength seems to be steadily building. In the shorter term, a trade opportunity may be presenting itself for some easy, if small, gains versus Bitcoin.