Post Litecoin Post Prediction: Is it a good opportunity to buy LTC? Appears to Coinpedia Fintech News first
- The Litecoin price has moved in conjunction with the price of Bitcoin in the last 30 days, amid the continued gradual recession.
- The expected approvement of Spot Litecoin ETF in the United States has led to a sharp revolt that institutional investors demand.
Bitcoin (BTC) price increases above $ 95.5k in the last two days, has led to a climbing altcoin's imagination, led by Litecoin (LTC). Demand for dangerous crypto properties has helped the LTC bullish price signal of price, in the near future, especially after integration in recent years.
According to the latest data on the market, the LTC price advanced more than 14 percent in the last two weeks to trade nearly $ 87.38 on Friday, in the late North American session.
Midterm expectations for LTC price
In the weekly timeframe, the LTC price respected a rising logarithmic trend established over the past six years. Following the recent rebound, the LTC price was properly positioned to check all the time high at $ 359 in the near term.
For leveraged crypto merchants, putting a loss of stopping slightly below $ 62 and a midterm target of nearly $ 359 will show a loss-to-win ratio of 0.42 to 2.9. The midterm bullish sentiment for LTC prices has been strengthened by the fact that altcoin has been formed higher and higher since late 2022 to date.
Basic Perspective for Litecoin Network
The Litecoin Network has experienced significant development in recent years, which has been -catalyzed by rising demand from institutional investors. Many fund managers – led by Coinshares, Grayscale, and Canary Capital – are seeking to offer LTC ETFs in the United States, in the near future.
As a result, the volume of larger transactions than $ 100K in the Litecoin network has risen $ 52.33 billion in the last seven days. According to market data from IntoteblockLTC prices recorded a BTC link of 0.88 to 1 in the past 30 days.
