Crypto Analyst: Buying Litecoin Now Is Like “2020 Ethereum”
Litecoin is in scintillating form of late, having posted a new all-time high of $410 in the early hours. After months of stuttering, LTC finally joined the likes of BTC and ETH in reaching that milestone moment during this bull run. With that, the bull case is building. Some suggest this is just the beginning, […]
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Litecoin is the epitome of what investors describe as a “legacy altcoin” with little utility in the present crypto ecosystem, but still often sees large rises in value due to new entrants to the market buying it due to its established history within the crypto ecosystem. Additionally, the addition of Litecoin to platforms like PayPal […]
Since its third halving event was successfully completed in early August, the Litecoin price has fallen off the radar of crypto investors. This was mainly due to the price decline that LTC experienced after heavy profit-taking from investors who had invested leading up to the price surge triggered by the expectations around the halving. But it seems the tides are finally turning for the coin as one analyst predicts a more than 30% increase in price going forward. Litecoin Price Shooting For The Stars The current crypto market headwinds seem to be working in favor of the Litecoin price....
Crypto analyst Ali Martinez highlighted a bullish indicator that has reappeared on Ethereum’s chart. Based on this development, the analyst provided a price target that the crypto token could reach soon enough. Bull Pennant Forms On Ethereum’s Chart Related Reading: ‘Crypto For Harris’ 2024 US Election Campaign Branded A Fraud Martinez revealed that a bull […]
Litecoin falls more than 8% to $4.569 as weakness in Bitcoin increases. I had been maintaining that the rise in Litecoin was mainly on account of a strengthening Bitcoin, and Bitcoin's failure to cross the resistance may lead to a decline in Litecoin as well. With this decline, Litecoin has provided a short-term buy opportunity at low risk. Read on below to find out how. Litecoin Chart Structure - Litecoin's recent consolidation occurred at around $4.560-4.570 and the current valuation makes it a low-risk buying opportunity. Fibonacci Retracement - As Litecoin heads south, it is expected....
“2020 seems to be the year of stablecoins,” said Tether CTO.