The prediction of post-Litecoin prices: is now an excellent opportunity to buy LTC? appeared first on Coinpedia Fintech News
- Litecoin Price has moved to tandem with Bitcoin Price in the last 30 days, in the midst of a progressive progressive gradual break.
- The expected approval of Litecoin Spot ETF in the United States has sparked a sharp increase in demand from institutional investors.
The rise in the Bitcoin (BTC) price greater than $ 95.5,000 in the last two days, has triggered an increase in Altcoin speculation, led by Litecoin (LTC). The request for risky cryptographic assets has helped the PRICE SCC to report a bullish feeling, in the near future, in particular after consolidation in recent years.
According to the latest market data, the SLC price has jumped out of 14% in the past two weeks to exchange around $ 87.38 on Friday, at the end of the North American session.
Halfway expectations for the price of SLD
Within the weekly time, the LTC Price has respected a growing logarithmic trend established over the past six years. After the recent rebound, the price of the SLC is well placed to retain its level of all time above $ 359 in the short term.
For leverage crypto merchants, placing a loss of stop slightly less than $ 62 and a mid-term lens of around $ 359 will present a loss / winning ratio of 0.42 to 2.9. The bullish feeling halfway through the price of the SLD is reinforced by the fact that Altcoin has formed to date high and higher since the end of 2022.
Fundamental perspectives for the Litecoin network
The Litecoin network has experienced significant growth in recent years, catalyzed by the growing demand for institutional investors. Several fund managers – directed by Coinshares, Grayscale and Canary Capital – seek to offer ETF LTC Spot in the United States, in the near future.
As a result, the volume of larger transactions than $ 100,000 on the Litecoin network jumped $ 52.33 billion in the last seven days. According to data from the Intotheblock market, the LTC price has recorded a correlation with BTC of 0.88 out of 1 in the last 30 days.
