- LTC has rallied over 43% in the past few weeks with the FTX fall. Meanwhile, BTC and ETH has dropped significantly.
- LTC/BTC pair has seen a fall of 0.8% in the past 24 horse. Technical indicators suggests a weak downside momentum
Litecoin is currently seeing a strong upside trend and has gain over 43% in the past few weeks. Meanwhile, other crypto currencies has seen a strong decline with the FTX contagion. The rally behind the LTC can be associated with the halving which is due in 8 months.It will reduce the mining reward of 12.5 LTC per block to 6.25 LTC in the next halving. Litecoin has bottomed out and can rally to a new high in upcoming days.
LTC is currently ranked 13th in CMC and has crossed the market cap of Solana. The volume of Litecoin has seen a gain of 1.5% in the intraday session. Volume to market cap ratio of Litecoin hints a consolidated momentum for the future.
Bulls Of LTC Are Getting Tired
The weekly technical chart of Litecoin suggests a strong move. On coming to the daily chart the asset price is currently trading near the value of $77 with a gain of 0.8%. The asset price has seen a positive crossover which is a bullish sign for it. It is trading above 50 and 100 DMA. Resistance of Litecoin can be seen near $100. Meanwhile, the support of the asset price can be seen near $50.
RSI នៃ LTC is at 70 highlighting its presence in the overbought zone. The overall sentiment of the RSI is neutral.
សន្និដ្ឋាន
Crypto market is seeing a downtrend with the FTX contagion. Meanwhile, Litecoin has seen a strong gain in the past few days. It can be associated with the prehalving rally. It can continue the momentum in the future.
កំរិតបច្ចេកទេស
ភាពធន់ទ្រាំសំខាន់: 100 ដុល្លារ
ជំនួយធំ៖ ៥០០ ដុល្លារ
ការមិនទទួលខុសត្រូវ
ទស្សនៈ និងគំនិតដែលសរសេរដោយអ្នកនិពន្ធ ឬមនុស្សណាម្នាក់ដែលមានឈ្មោះក្នុងអត្ថបទនេះគឺសម្រាប់តែគំនិតព័ត៌មានប៉ុណ្ណោះ ហើយពួកគេមិនបង្កើតហិរញ្ញវត្ថុ ការវិនិយោគ ឬដំបូន្មានផ្សេងទៀតទេ។ ការវិនិយោគលើ ឬជួញដូរទ្រព្យសកម្មគ្រីបតូមកជាមួយហានិភ័យនៃការបាត់បង់ហិរញ្ញវត្ថុ។
Source: https://www.thecoinrepublic.com/2022/11/24/litecoin-price-analysis-is-pre-halving-rally-of-ltc-price-over/