Litecoin price: The cryptocurrency market is currently in a state of pre-halving consolidation following the lead of Bitcoin price wavering around $70000. As a result, most major altcoins including Litecoin have witnessed fresh correction seeking support at respective support levels.
However, the LTC price projects a healthy retracement in the daily chart and the formation of a bullish pattern to indicate a potential uptrend continuation.
Bullish Pattern Sets Upcoming Rally in Litecoin Price
Litecoin Price| tradingview
Litecoin is a peer-to-peer cryptocurrency designed for fast and low-cost transactions, often considered the silver to Bitcoin’s gold. For over two weeks, the asset has witnessed a steady correction which plunged its price from $112.8 to $95, registering a 15.8% loss.
However, the pullback wavering above the 38.2% Fibonacci retracement level reflects the buyer’s continued standing as the dominant force in this asset. In addition, the falling price resonated strictly
We współpracy z: https://coingape.com/markets/3-reasons-why-litecoin-price-is-poised-to-surpass-140/
