- Litecoin LTC price recovered from its recent low point of $29.17
- Litecoin LTC price to reach $56 in a fresh bullish move
- Litecoin LTC price is signaling a long-term reversal
Litecoin news today – As 2020 started, the price of Litecoin managed to rise. It even hit the $83.03 mark which is an all-time high in February. Since that time onward, the LTC price has continued to drop. As of March 12, (apart from when the crypto lost 50% its value) LTC price dropped, from $48 to $31. This was followed by another short decline as the coin’s price dropped to touch $25. As of when this content was published, the number six largest digital asset by market cap is changing hands at $33. Meanwhile, some crypto traders have shared bullish daily charts for LTC/USD and LTC/BTC. They both claim that the coin’s price will start going higher soon.
Litecoin (LTC) Price Today – LTC / USD
Litecoin Price Prediction – Litecoin Price is Signaling a Long-term Reversal
Many analysts have proposed their own predictions for the Litecoin price. One of the standout Litecoin price prediction is the one posted by one crypto Trader known as @crypto_birb. @crypto_birb who is also the founder of The Birb Nest opted to share his own LTC price chart from several days ago. After sharing the LTC chart, the trader said that there are a few signs that indicate that the price of Litecoin is on course to demonstrate a long term reversal in the coming days. However, the analyst predicts that there will still some moments of bearish action for LTC. According to his tweet, another trader known as @CryptoCapo_ states that the LTC/BTC pair will turn bullish if it breaks the current trend line on course.
LTC Price Prediction – Litecoin Price Looks Set to Reach $56
Another analyst called ‘Transparent-fx’ from expects the price of Litecoin to grow from the current levels to the $52.29 or the $56 area at most. He says this could happen if LTC has enough accumulation. He offers a bearish scenario. The trader said without market accumulation, the LTC price might decline to the $20 area. This will create a Head and Shoulders pattern. In return, the coin would surge to somewhere between the $52.29 and $56 areas.
The price of Litecoin recovered from the recent low area of $29.17. The coin also settled within the ranges of $36.00 via the upside and the $32.00 area via the downside. The number six largest digital asset holds a market volume of $2.1 billion lost 5% in the last 24 hours. Litecoin’s average daily trade volume stands at $3.1 billion, which is in line with the coin’s most recent figures.