- LTC’s price has increased more than 8 percent in the last 7 days.
- The majority of metrics and indicators look bullish.
Litecoin [LTC] At press time, it was again on the list of top 20 cryptos. Will LTC be able to maintain its position for longer, or will the crypto slip again? Take a look at Litecoin price predictions.
Litecoin: An Overview
CoinMarketCap’s data LTC’s price has risen by over 8% during the last seven days. The coin’s price rose by more than 1.5 percent in the past 24 hours.
LTC traded at $71.53 and had a capitalization over $5.3 Billion. Last week’s pump allowed the coin to enter the top 20.
The bull run has also affected the social metrics of the coin. AMBCrypto, for example, found that Santiment had a surge in social volume around the 16th July.
Weighted Sentiment increased as well during the same period of time. This reflects a positive increase in sentiment.
The whale transactions count remained stable, despite the high whale activity.
Similarly, MVRV increased during the last couple of days.
Santiment
AMBCrypto revealed in its analysis of Glassnode that Litecoin has been trading at a price below its potential market bottom, $81.9. This was the case for several weeks.
It was good to see that gains were gaining momentum in a bullish direction and approaching this mark quickly. According to the Pi Cycle Top, LTC could reach $149 within the next few months.
Glassnode
Litecoin price prediction
AMBCrypto analyzed LTC’s chart daily and discovered that the Relative Strength Index of the token dropped after a steep increase. The RSI was a sign for a correction in prices. Its MACD, however, continued to back the bulls.
TradingView
Then, we planned on looking at LTC’s heatmap for liquidation to determine the LTC’s short-term target. LTC will first be supported near $69 on the short term if bears are in control.
It could first recover $73 in the case of an ongoing price increase.
Source: Hyblock Capital
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AMBCrypto then looked at LTC’s chart for the week to identify long-term objectives. Our analysis shows that LTC needs to reach $76 before it can sustain a bullish rally.
If it breaks above this level, it could reach $113 before reaching $91
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Source: ambcrypto.com
