To find the coin with the lowest value, the Silver Standard The report presented a case for Litecoin. This report cited the Proof of Work Litecoin’s fourteen-year network uptime and rising hash rates, as well as its deep liquidity.
Source: Silver Standard
Compare the two Litecoin [LTC] Hash rate as a proportion to Bitcoin’s [BTC] LTC’s resistance at the technical levels was reflected in its hash rate increase. It was clear that LTC had a high adoption rate and a potential for a large price increase.
TradingView: LTC/USDT
A multi-year compressive pattern is evident on the chart of each month. This compression is often resolved with a sudden, violent movement. Price action that has been coiled up tightly as a spring will tend to explode with force.
The price may reach the record high of $410 if a rally is triggered by this set-up.
Litecoin has reached a key support level, but bulls have not yet reacted.
TradingView.com: LTC/USDT.
On the weekly chart Litecoin traded at a critical support zone of $82. In June, a zone of demand had ignited the rally. A bullish structure was then broken on a weekly basis.
It also marked the Low Value Area for 2025.
Fixed Range volume profile tool revealed this finding. The A/D indicators continued to move higher suggesting it is possible to overcome recent selling pressure.
MACD, on the contrary, showed strong negative momentum.
TradingView: LTC/USDT
The daily chart showed a downward structure.
Before swing traders can consider long positions, they need to see the $88 zone turn into a support. It is still a strong support area, however it does not have enough buyers for the momentum to change.
Bearish Case
As it stands, both bullish and negative scenarios seem to be equally probable. It was evident that there had been no bullish reactions for almost a whole month in the $80 range. This is a sign the market accepts the current price. Many bulls did not see Litecoin trading as a bargain. We would not have had a rally if we hadn’t.
The traders’ call for action- no more waiting!
To signal an increasing uptrend, a move beyond $88 is required. For a continuation in the bearish direction, it is necessary to break below $75 or $80. It may be best to hold off until the market reveals its true hand.
Conclusions
- Litecoin’s price is at the Value Area Low of 2025, a long-term key support.
- This consolidation in the demand zone of $80 could indicate a weakness among buyers and lead to further losses.
Disclaimer: This information is not intended to be a financial, investment or trading advice. It represents the sole opinion of the author.
“This article is not financial advice.”
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Source: ambcrypto.com
