Litecoin (LTC) has been rebounding steadily implicit the past fewer days. The altcoin has successful information surged by 4% implicit the past week, paring immoderate of the losses we saw during the market-wide slump. But adjacent with these bullish signs, LTC is inactive firmly successful the carnivore marketplace territory and could stay determination for a while. But should you inactive bargain it? Here are immoderate highlights first:
Although LTC has surged supra its 25- and 50-day exponential moving averages, it is inactive good beneath its 200-day EMA.
Broader sentiment successful crypto is yet to rebound steadily, thing that poses a immense downside hazard for LTC.
Litecoin indispensable surge past important absorption of $150 if immoderate sustained bullish uptrend is seen successful the adjacent term.
Data Source: Tradingview.com
Litecoin (LTC) – Price prediction and analysis
Litecoin (LTC) has shown immoderate resilience this week. The coin successful information managed to propulsion up from its six-month lows of $120 and adhd immoderate daylight successful between, trading astatine astir $140 astatine the clip of writing.
The altcoin has besides seen gains of astir 4% implicit the past 7 days. Although this whitethorn look similar a bullish trend, it’s inactive aboriginal to stake connected LTC.
First, the coin is good beneath its 200-day EMA of astir $150. Analysts enactment that immoderate bullish surge tin lone travel erstwhile LTC surges past that. If so that happens, it is conceivable that the coin could spell to $170.
Why you should bargain Litecoin (LTC)
Even with existent terms pressure, Litecoin (LTC) has ever been a decent buy. The altcoin is inactive 1 of the champion performing coins wrong the apical 10 and could inactive present much worth successful the agelong term. It is 1 of those must-have crypto assets for immoderate superior capitalist looking to unlock agelong word value.