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Litecoin price prediction shows LTC recovering from the daily opening price at the $7.40 level as the price heads higher.
Litecoin Prediction Statistical Data:
- Current Litecoin Price: $66.90
- Litecoin Market Cap – $5.0 Billion
- Litecoin Circulating Supply – 75 Million
- Total Litecoin Supply – 84 Million
- Litecoin Coinmarketcap Ranking – #20
Early adopters of the Litecoin (LTC) token have seen massive gains, with its price increasing by +5879.85% since its all-time low of $1.11 in 2015. Although down from its 2021 all-time high of $412.96, the token remains active, trading between $64.89 and $66.98 over the past 24 hours, demonstrating continued market interest.
LTC/USD Market
Key levels:
Resistance Levels: $80.0, $85.0, $90.0
Support Levels: $50.0, $45.0, $40.0
On the daily chart, the LTC/USD pair has been consolidating within the channel, where the price is making lower highs and lower lows. This channel was formed after LTC failed to maintain its momentum above the critical resistance level of $67, which has historically acted as both support and resistance. Failure to break above this level may cause a pullback, which could lead to downward pressure.
Litecoin Price Prediction: Litecoin (LTC) Could See a Rise
Recently, Litecoin has also formed a symmetrical triangle within this descending channel. This pattern indicates a consolidation phase, narrowing price action between converging support and resistance levels. The symmetrical triangle usually signals a potential breakout, although it can go either way depending on market forces. Meanwhile, the current price of Litecoin is squeezing between these boundaries, and we expect a significant move.
However, a key support level in this setup is around $64.0, which is the 9-day and 21-day moving averages. Therefore, if Litecoin breaks below this support, the next move could be a deeper correction, potentially targeting this lower price level that could reach the supports at $50.0, $45.0, and $40.0. On the other hand, a break above the upper boundary of the channel could push LTC towards the $75 level, providing a short-term bullish opportunity around the resistance levels at $80.0, $85.0, and $90.0.
LTC/BTC pair could see an uptick
Against Bitcoin, Litecoin price is heading north as the coin moves to cross the 9-day and 21-day moving averages, trading at 1058 SAT. Therefore, after the recent negative sign, the current market movement could start to follow an upward move if buyers push the price above the upper boundary of the channel.
Moreover, as soon as the bulls increase the pressure, the market price may reach the resistance level of 1200 SAT and above. At the same time, a retest below the lower boundary of the channel may push the price down to the support level of 880 SAT and below.
Nonetheless, @AltCryptoTalk informed his 26,000+ followers on X (formerly Twitter) that one of his favorite OG cryptos is approaching the key $50 mark, signaling a potential opportunity for long positions. He noted that for the bulls to regain control, a momentum candle closing above the $69 high is crucial. 🚀 Full cryptocurrency market analysis is available in the comments below!
One of my favorite OGs 👑
As we approach the significant round figure of $50, we will monitor long opportunities.
For the bulls to regain control, a momentum candle closing above the $69 high is needed.🚀
Complete analysis of the cryptocurrency market in… pic.twitter.com/F90AC10pdF
— AltCryptoTalk (@AltCryptoTalk) September 20, 2024
Alternatives to Litecoin
Litecoin price could break above the upper boundary of the channel if buying pressure intensifies, potentially breaking above the $68.0 resistance, as bullish momentum gains traction. Meanwhile, Pepe Unchained is attracting considerable interest in the crypto space, exemplified by a whale’s recent $60,000 investment. This substantial purchase reflects growing confidence in the token’s potential, with investors eyeing high returns as Pepe Unchained raises $14.6 million in its presale, positioning early buyers for potential future gains.
Pepe Unchained’s whales are charging. It’s time to go.
Pepe Unchained presents a unique investment opportunity for those looking to capitalize on the upcoming cryptocurrency market rally. With predictions that the token will skyrocket to well above $0.50 and one whale already making a significant investment of $60,000, it’s clear that confidence in its potential is growing.
Visit Pepe Unchained
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