LTCUSD (Litecoin) – Week 35 – $210?
Finder conducted a survey of 42 fintech specialists about the future prospects of Litecoin. This survey found that most experts believe that Litecoin will touch a price point of $266 by the end of the year. This would mark gains of around 50% from current levels ($174).
However, even though Litecoin is expected to witness price gains over the course of the year, the panelists believe that the digital asset is going to continue losing relevance to other cryptocurrencies. Most of them believe that Litecoin is never going to be back in the top 10 cryptocurrencies in terms of market capitalization. Several of these panelists believe that Litecoin has been irreparably hurt by Charlie Lee’s sale of his stake. A vote of no-confidence by the cryptocurrency’s own founder may have hurt the chances of Litecoin of being a serious contender in the cryptocurrency game.
Technically, Litecoin is making a consolidation in this area which we correctly anticipated in the last week’s report and this means that a move to the upside is a higher probability move. The price can move higher right away or retest the support area marked on the chart before resuming the uptrend.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
However, even though Litecoin is expected to witness price gains over the course of the year, the panelists believe that the digital asset is going to continue losing relevance to other cryptocurrencies. Most of them believe that Litecoin is never going to be back in the top 10 cryptocurrencies in terms of market capitalization. Several of these panelists believe that Litecoin has been irreparably hurt by Charlie Lee’s sale of his stake. A vote of no-confidence by the cryptocurrency’s own founder may have hurt the chances of Litecoin of being a serious contender in the cryptocurrency game.
Technically, Litecoin is making a consolidation in this area which we correctly anticipated in the last week’s report and this means that a move to the upside is a higher probability move. The price can move higher right away or retest the support area marked on the chart before resuming the uptrend.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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