Litecoin has made a bullish breakout, with exchange flow data and Funding Rates suggesting confidence in the uptrend.
is up 12% in the last 30 days and up by 5% in the last seven days. At press time, LTC traded at $69 with an over 16% rise in trading volumes per
The breakout has also been accompanied by a rise in buying pressure. The volume histogram bars, which are green, suggest that buyers have overwhelmed sellers, making the case for a sustained rally above this breakout zone.The bullish momentum is gaining strength after the price broke above the 100-day Simple Moving Average . If this trend continues, the next target for LTC will be the 200-day SMA at $76.
If the selling activity remains subdued and buyers continue to drive the action, Litecoin could be poised for further gains.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Litecoin’s price prediction: Will LTC reach $76.78 again?Discover why Litecoin (LTC) is expected to rally to $76.78, despite current market fluctuations and significant liquidations.
Read more »
Litecoin breaks key trendline: Next target $72 and beyond?Litecoin breaks a key trendline, with rising active addresses and mixed on-chain signals suggesting potential further gains.
Read more »
Litecoin analysts predict $100 target as bulls gear upAmid Litecoin recent bullish trend, analysts have identified a potential breakout pattern, and key indicators suggesting a price surge.
Read more »
Litecoin gains 5% amidst Bitcoin’s September strugglesLTC gains 5% amid Bitcoin’s September struggles. This report explores the strategic development behind LTC' gain.
Read more »
Litecoin: Can whale activity and network fundamentals propel LTC to $88?Litecoin lags in capturing the same level of upward momentum that Bitcoin and most crypto have, notwithstanding its strong fundamentals
Read more »
BlockDAG Drops $1 Million Giveaway Bombshell as Toncoin Whales Drive Growth & Litecoin Eyes a Comeback!Discover BlockDAG’s $1M giveaway where fifty winners can win $20,000 in BDAG coins. Read about Toncoins whales’ recent moves & Litecoin’s...
Read more »