Cryptocurrency

Litecoin

<ul>
 <li>#<a href="https://www.coingabbar.com/en/crypto-currency/litecoin-ltc-prices-usd" title="Litecoin" class="f-link" rel="noopener noreferrer nofollow">Litecoin</a> has experienced a significant decline of over 30.50% this month, dropping from a local peak of approximately $115.</li>
 <li>Litecoin found support near the $70 zone and has since initiated an upward movement against the US Dollar.</li>
 <li>On the daily chart, $LTC broke a triangle pattern upwards but encountered selling pressure, resulting in a decline before rebounding from pattern support.</li>
 <li>Concerns arose following rejection from pivotal resistance, hinting at a potential return to the consolidation zone.</li>
 <li>The likelihood of Litecoin's price continuing to rise depends on its ability to maintain above the $70.00 resistance zone.</li>
 <li>Despite prevailing market conditions, the weekly chart suggests an exceptionally bullish trend in Litecoin's price rally.</li>
 <li>$LTC is presently hovering around the golden ratio support level, approximately at $80, indicating a promising opportunity for a bullish rebound.</li>
 <li>If bulls manage to uphold support above this level, #Litecoin may revisit the $90-$115 range.</li>
 <li>According to <a href="https://www.coingabbar.com/en/price-prediction" title="Coingabbar analysis" class="f-link" rel="noopener noreferrer nofollow">Coingabbar analysis</a>, Conversely, if bears take charge and drive the price below $70, the short-term target could be $50.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $84-$88
SUPPORT LEVEL : $75-$70
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

Litecoin Price Prediction: Is LTC Bull Run on the Horizon?

Coingabbar

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