Litecoin

Bitcoin

Momentum

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/surprising-bitcoin-analysis-by-a-renowned-analyst-2020s-momentum-to-return/" data-wpel-link="internal">Surprising Bitcoin Analysis by a Renowned Analyst: 2020’s Momentum to Return</a> 
<a href="https://coin-turk.com/unlu-analistten-sasirtan-bitcoin-analizi-2020-ruzgari-yeniden-esecek" data-wpel-link="internal">BTC</a> is once again under $70,000, this time experiencing a more stubborn decline. The recovery has not yet begun. Even in the most fervent days of bull markets, losses of up to 30% are normal. If <a href="https://en.coin-turk.com/bitcoins-long-awaited-rise-insights-from-bitcoin-holders/" data-wpel-link="internal">BTC</a> starts such a losing streak, the consequences for altcoins could be devastating. 
<h2 style="text-align: justify" id="litecoin-ltc">Litecoin (LTC)</h2> 
Last year, after the halving event, <a href="https://coin-turk.com/xrp-litecoin-ltc-ve-solana-sol-teknik-analizi-28-nisan-2021" data-wpel-link="internal">Litecoin</a> saw a rapid increase in price. However, following the peak, its price dropped sharply. Now, with the focus on peaks above $100 due to BTC halving and ETF approval, it has started to decline. The 351,000 wallets that have been waiting for LTC’s price to stay above $100 for 10 months were disappointed with today’s movement. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-327669 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/LTC-Maliyet.webp" alt="" width="1536" height="468"> 
Investors who bought 3.96 million LTC between $94 and $101, amounting to $400 million, are stuck due to weak performance. While many altcoins have multiplied in price, LTC Coin investors were not so fortunate. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-327670 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/LTC-Holder-Grubu.webp" alt="" width="1200" height="800"> 
Long-term investors represent a significant portion of LTC holders. These are investors who have held their assets for over a year, aiming for the bull market peak. However, there is a considerable number of short-term traders who could deepen the current negativity. 
<h2 style="text-align: justify" id="ltc-price-prediction">LTC Price Prediction</h2> 
If the $94 region can be maintained and the group that has not yet started heavy selling remains patient, we could see a quick recovery. A price targeting $100 and $104 could aim for much higher peaks. More importantly, the $100 support must remain solid for long-term movement. 
A loss of the $96-$94 range could lead to a drop to $90. The daily chart shows the price struggling to maintain support, with spikes down to $90. The long tails on the last three red candles indicate that overselling is being met by buyers. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-327668 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/LTCUSDT_2024-03-14_23-05-15.png" alt="" width="1814" height="836"> 
It’s not surprising that altcoins are heavily affected by BTC negativity. However, if selling continues, a decline to the $88-$83 range followed by a potential drop to the $75 region is possible. Since the price has already visited this area within March, it’s not an unlikely scenario. 
Excessive selling could trigger a significant loss series from $92 down to the $67 support level. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/surprising-bitcoin-analysis-by-a-renowned-analyst-2020s-momentum-to-return/" data-wpel-link="internal">Surprising Bitcoin Analysis by a Renowned Analyst: 2020’s Momentum to Return</a></h5>

Surprising Bitcoin Analysis by a Renowned Analyst: 2020’s Momentum to Return

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