Litecoin

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<p>Litecoin holders will be happy with how this week started, considering that the LTC price surged over 20% today and is now trading around $122.</p>
<p>A popular analyst has weighed in on the situation surrounding Litecoin. One of them is “CryptoBullet,” who has over 140,000 followers on X (formerly Twitter).</p>
<h2 class="wp-block-heading" id="litecoin-price-analysis">Litecoin Price Analysis</h2>
<p>The current Litecoin chart reveals an intriguing technical landscape. With the resistance level at $110 now broken, the market sentiment has shifted notably. After experiencing a significant downtrend from its peak in early 2021, the cryptocurrency has stabilized in a range, suggesting a period of market consolidation.</p>
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   <p lang="en" dir="ltr">I think it's time to finally pay attention to <a href="https://twitter.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$LTC</a> <a href="https://twitter.com/hashtag/LTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#LTC</a> as it’s trying to break out <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>The most obvious Target Zone 1 is $233-280 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f3af.png" alt="🎯" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/HQNtP5iszJ" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/HQNtP5iszJ</a></p>— CryptoBullet (@CryptoBullet1) <a href="https://twitter.com/CryptoBullet1/status/1863330994700312722?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 1, 2024</a>
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<p>Technical analysts have identified a compelling target zone between $233 and $280. This range is particularly significant as it aligns with the 1.618 Fibonacci extension level – a key metric that suggests potential price targets during breakout scenarios. The projection is based on measured moves from the previous consolidation period, lending credibility to this potential Litecoin price trajectory.</p>
<p>The recent weekly price candles demonstrate growing buyer interest, with strong candle bodies and wicks reflecting increased market participation. The breakout above the previously critical $110 resistance level is seen as a particularly bullish signal, indicating potential for further upward movement.</p>
<p>Support levels remain around $87-$97, which previously served as a base during the accumulation period. The current breakout suggests that <a href="https://captainaltcoin.com/litecoin-ltc-price-edges-out-of-multi-year-triangle-what-could-be-next/" target="_blank" rel="noopener noreferrer nofollow">the LTC price might be positioning</a> for a more substantial price movement. CryptoBullet notes<em> “it’s time to pay attention to Litecoin”.</em></p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/is-10-realistic-target-for-cardano-this-bull-run-ada-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Is $10 Realistic Target for Cardano This Bull Run? ADA Price Prediction</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/litecoin-price-pumps-analyst-says-its-time-to-pay-attention-to-ltc/" rel="noopener noreferrer nofollow">Litecoin Price Pumps, Analyst Says ‘It’s Time to Pay Attention’ to LTC</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Litecoin Price Pumps, Analyst Says ‘It’s Time to Pay Attention’ to LTC

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