Litecoin price hits $400 all-time high but LTC rally at risk of overheating
Litecoin price achieves $400 amid an overall crypto market boom. Litecoin (LTC) has broken the $400 mark reaching a new all-time high price of $414 on Bitstamp on May 10. The problem with buying Litecoin is that it has become too expensive in a very little period. The world’s tenth-largest cryptocurrency by market capitalization is worth 215 percent more than it was at the beginning of this year, soaring from $124.42 to a new record high of $413.90. Its massive rally has beaten traditional markets on a year-to-date (YTD) timeframe, with many independent analysts now predicting the move to....
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Key Highlights. As highlighted during the last week's analysis, Litecoin enjoyed a monstrous rally and currently consolidating gains. There is a chance of one more spike higher, but in that situation, it would be interesting to see how sellers react. Litecoin recent surge higher towards the $2.00 level was very impressive, but the price was just shy of the mentioned level and traded as high as $1.94. Currently, the price is consolidating and setting up for the next move. The Bollinger bands are shrinking and pointing that the price might move in a range after the mentioned monstrous rally.....
With time, Litecoin has developed an eerie habit of being one of the most volatile cryptocurrencies in the world. The price action in the past 24 hours must have shocked (and killed) the bears, and even surprised the bulls. The market cap of Litecoin zoomed more than 31 percent intraday as short sellers went scurrying for cover, unable to handle the unprecedented buying pressure. Litecoin, on BTCE, touched a high of $3.946. What a day! Bitcoin is usually the main trigger behind Litecoin price action. A surge in Bitcoin tends to spur a rise in Litecoin. But this time was different! While....
Nonetheless, LTC/USD is at risk of a price correction, as it’s painting a classic bearish reversal pattern. Litecoin (LTC) has posted daily gains of almost 20% on Nov. 9, the highest levels for LTC/USD since May 2021, amid a wider cryptocurrency market rally that analysts attribute to inflation fears.#Bitcoin, #Ether hit records, exceeding Oct high, amid broad rally in cryptocurrencies. Low real yields, need for inflation hedges are shaping markets. pic.twitter.com/xN0Athssng— Holger Zschaepitz (@Schuldensuehner) November 9, 2021 The 14th-largest digital asset rose by a little over 25% in....
Key Highlights. Litecoin enjoyed a monstrous rally as highlighted in the previous analysis. Prices surged higher and traded as high as $1.94 where sellers defended more upsides. Litecoin spiked sharply higher this past week to increase by more than 15%. There was a major range formed on the 4-hours chart before the price rushed higher. The $1.50 level was an important barrier for buyers, which was breached to open the doors for a rally as Litecoin steamed towards $1.90-$2.00. The bulls have completely outpaced the bears and managed to push prices within a span of a single day. Currently,....