Litecoin Price Prediction: Enters Recovery Mode; Next Target $80?

Litecoin Price Prediction: Enters Recovery Mode; Next Target $80?

1
Litecoin currently trades at $65.76 while witnessing a gain of 0.84% during the intraday trading session.
2
LTC price has surged above the 20-day EMA but trades below 50, 100, and 200-day exponential moving averages.
3
The year-to-date return of Litecoin is -6.17 %, while one weekly return is 1.73%.
Litecoin (LTC) crypto price is currently stuck in a narrow consolidation zone ranging between $58.50 and $69 since the end of August. The cryptocurrency price witnessed a substantial downfall after the formation of an annual high at $115 on 3 July. The bears did not find the price justifiable above $100 and entered the market to push below it. 

Source: LTC/USDT By TradingView.
Currently, the LTC price has formed a minor support at $63.30. The previous candle closed bullish, and the current candle is bullish, headed toward the resistance level of $69. If bulls push the price above $69, it might rise toward the next resistance level of $89.

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We współpracy z: https://www.thecoinrepublic.com/2023/09/29/litecoin-price-prediction-enters-recovery-mode-next-target-80/

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