Litecoin

<ul><li>Crypto analyst Cryptollica&#39;s forecast reveals LTC&#39;s price follows 812-day cycles with distinct highs and lows.</li><li>LTC&#39;s price dropped 5.54% in 24 hours to $73.04, despite 6 million new transactions since June, down 13.20% in a month.</li><li>A wedge pattern breakdown signals a bearish trend for LTC, with analysts predicting further pressure despite short-term recovery.</li></ul>Renowned crypto analyst Cryptollica has recently shared a comprehensive forecast for LTC, shedding light on its price trajectory from 2020 to 2024. In a recent X post, the analyst emphasized significant price patterns, revealing that <a href="https://x.com/Cryptollica/status/1802991978684023039" rel="noopener noreferrer nofollow">LTC&#39;s price movements</a> adhere to 812-day cycles, marked by distinct highs and lows.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfJnzJ6GN4NOlCJ6jCIdQfZHLqqwP6yqBn55YfYUoACcyFaFBetE5lctLlqce9VXcertv2IIOEJyDhEm8Jo5YijOKZRV6F4liTdVtn8JUXrsdMa9le0TmA_VCAvZ7ot_cfxVk4ZGoY5WDobneMKnTTNl3dX?key&#61;QxNI3a2mv1feuUwLMgj-UQ" />At press time, LTC stands at <a href="https://coinmarketcap.com/currencies/litecoin/" rel="noopener noreferrer nofollow">$73.04</a>, marking a 5.54% decrease over the past 24 hours. This downward trend persists despite the Litecoin network processing an additional <a href="https://x.com/litecoin/status/1802757889100324886" rel="noopener noreferrer nofollow">6 million transactions</a> since June 5, when it reached a milestone of <a href="https://x.com/litecoin/status/1798375787319701846" rel="noopener noreferrer nofollow">250 million transactions</a>. Over the past month, LTC has seen its value drop by 13,20%.<a href="https://cryptotale.org/analyst-predicts-bearish-trend-for-ltc-amid-price-drop-and-market-turbulence/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Analyst Predicts Bearish Trend for LTC Amid Price Drop and Market Turbulence

CryptoTale

Other articles published on Jun 19, 2024

Spotlight on MoonBag, Aave, and Hedera Which is the Best Presale in 2024?

MoonBag Best Crypto Presale in June 2024 leaves out Bitbot and VeChain in the dust amidst Analyst...

Bitcoin Spot ETFs Witness Another Complete Outflows Day

Five Top Cryptos That Could Help You Recover From Recent Market Downturn

Arkham Intelligence Offers $150K Bounty To Find Creator Of DJT Trump Token

Bitcoin’s Price Stability: Analysts Divided Over Market Bottom at $65,000 – Is $70,000 or $60,000...

Join our free newsletter for daily crypto updates!