7.4.2021 - Litecoin (LTC / USD)
Hi Traders!
For a long time, we did not look at one of the most famous cryptocurrencies - Litecoin. It has been moving in terms of the total capitalization in the TOP20 for several years. You can see LTC in cryptomats, on PayPal, and even Grayscale buys it. Nevertheless, it has not yet managed to reach his last ATH. Why?
The latest ATH of Litecoin is at $ 374 and the current price is around $ 232. Thus, we still lack about 60% to ATH, which represents a significant potential for growth. Bitcoin and Ether already crossed their ATHs and also added extra percent.
In the next phase, in my opinion, the LTC, around which there is currently a fairly strong fundament, could prove it. LTC has been one of the most successful projects for a long time and, in addition, it is bought (as I mentioned above) by various institutions, but this is not yet reflected in its price.
In cryptocurrencies, we often observe almost identical cycles. Bitcoin usually grows first, followed by Ether, then large altcoins, and finally the capital moves to smaller alts. LTC is thus a cryptocurrency that is likely to show its potential.
It is clear from the chart that LTC is currently undergoing strong consolidation before resistance. The longer we consolidate, the stronger growth Litecoin can show us when this resistance is exceeded. Subsequently, only the $ 272 mark awaits us, and then nothing will prevent LTC from further growth.
May the crypto be with you!
For a long time, we did not look at one of the most famous cryptocurrencies - Litecoin. It has been moving in terms of the total capitalization in the TOP20 for several years. You can see LTC in cryptomats, on PayPal, and even Grayscale buys it. Nevertheless, it has not yet managed to reach his last ATH. Why?
The latest ATH of Litecoin is at $ 374 and the current price is around $ 232. Thus, we still lack about 60% to ATH, which represents a significant potential for growth. Bitcoin and Ether already crossed their ATHs and also added extra percent.
In the next phase, in my opinion, the LTC, around which there is currently a fairly strong fundament, could prove it. LTC has been one of the most successful projects for a long time and, in addition, it is bought (as I mentioned above) by various institutions, but this is not yet reflected in its price.
In cryptocurrencies, we often observe almost identical cycles. Bitcoin usually grows first, followed by Ether, then large altcoins, and finally the capital moves to smaller alts. LTC is thus a cryptocurrency that is likely to show its potential.
It is clear from the chart that LTC is currently undergoing strong consolidation before resistance. The longer we consolidate, the stronger growth Litecoin can show us when this resistance is exceeded. Subsequently, only the $ 272 mark awaits us, and then nothing will prevent LTC from further growth.
May the crypto be with you!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.