Litecoin price prediction as the fear and greed index spikes

Litecoin price prediction as the fear and greed index spikes
фото показано с : invezz.com

2024-3-12 17:49

Litecoin price continued its recovery on Monday as a sense of optimism spread in the crypto market. The coin surged to a high of $98, its highest point since July 30th. It has jumped by more than 67% from its lowest point in September last year.

Litecoin’s price surge is happening as the crypto fear and greed index soars. The index jumped to the extreme greed zone of 89. This is happening as Bitcoin and many altcoins have surged to their all-time highs. Bitcoin is now sitting comfortably above $72,000.

This is happening as the supply of Bitcoin in exchanges has dropped at a time when demand is rising. The iShares Bitcoin Trust (IBIT) has added over $13 billion in assets in a record time. Other Bitcoin ETFs like the Fidelity Wise Origin Bitcoin ETF and the one by Ark Invest have also added substantial assets.

Bitcoin’s supply is set to get tight in the coming months now that the halving event will happen in April. This will see the daily Bitcoin rewards fall from over 900 today to 450. As such, this supply and demand imbalance will likely lead to higher prices.

Litecoin went through a halving event in 2023. Before then, the coin’s price surged to $115 and then it pulled back to $57. This is a major warning for Bitcoin since the coin could pull back after the halving event happens in April.

Litecoin’s jump has led to a higher hash rate. Data shows that the hash rate rose to 966 TH/s on Monday, up from the weekend’s low of 932 TH/s. It remains sharply lower than the all-time high of 1.16 PH/s. 

Litecoin price forecast

LTC chart by TradingView

The daily chart shows that the LTC price has been in a strong uptrend in the past few weeks. It recently moved above the important resistance point at $79.48, its highest swing on December 9th. 

The coin has also risen above the key resistance point at $94.63, invalidating a double-top pattern that has been forming. It has also risen ove the first support line of Andrew’s Pitchfork tool.

Litecoin has also rallied above the 50-day and 25-day Exponential Moving Averages (EMA). Therefore, the outlook for the coin is extremely bullish, with the next point to watch being at $115. This price is about 20% above the current level and is the highest point in July last year.

The post Litecoin price prediction as the fear and greed index spikes appeared first on Invezz

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

ETH/LINK Price Action Candlestick Set (LINKETHPA) на Currencies.ru

$ 467.1 (+0.48%)
Объем 24H $0
Изменеия 24h: 0.85 %, 7d: 17.53 %
Cегодня L: $453.49 - H: $467.1
Капитализация $0 Rank 3676
Доступно / Всего 0 LINKETHPA

price litecoin point 30th highest july lowest

price litecoin → Результатов: 126


Фото:

Litecoin price rising despite the market-wide dip: here’s why

Litecoin price (LTC/USD) has been on a bullish trend since March 11 despite slight pullbacks along the way. But it is its price surge over the past two days that has caught the attention of crypto traders and investors seeing that it comes as the rest of the crypto market takes a break from its […] The post Litecoin price rising despite the market-wide dip: here’s why appeared first on Invezz.

2023-3-23 12:45


Litecoin Price Prediction 2023 – 2025 – 2030 | LTC Price Forecast

In this price prediction, we will put out our own and market’s opinion (both from popular algorithms and experts) on Litecoin future while discussing Litecoin price forecast for 2021 and beyond. Now, one more thing before we delve deep into the Litecoin price prediction and answer questions if Litecoin is a good investment or not, […] The post Litecoin Price Prediction 2023 – 2025 – 2030 | LTC Price Forecast appeared first on CaptainAltcoin.

2023-1-10 04:30


Litecoin Price Prediction 2022 – 2025 – 2030 | LTC Price Forecast

In this price prediction, we will put out our own and market’s opinion (both from popular algorithms and experts) on Litecoin future while discussing Litecoin price forecast for 2021 and beyond. Now, one more thing before we delve deep into the Litecoin price prediction and answer questions if Litecoin is a good investment or not, […] The post Litecoin Price Prediction 2022 – 2025 – 2030 | LTC Price Forecast appeared first on CaptainAltcoin.

2022-8-21 17:31


Фото:

Is Litecoin (LTC) a buy or sell in September?

Litecoin bulls are focused on breaking short term resistance at $50 If the price jumps above $50 it would probably reach $55 in the short time period The price of Litecoin is correlated with the price of Bitcoin Bitcoin is currently trading at $10,250 after defending the $10,000 level again We can say that the cryptocurrency market has stabilized, there is no big price movement in the last several wees and according to technical analysis, the neutral trend is still intact.

2020-9-10 01:25