- LTC defies the FTX fiasco as the price surges beyond 5%
- It promotes its salient features of a decentralized network and self-custody.
- Becomes the top gainer in the past 24 hours.
Litecoin to leave the path of recovery and surge higher as the user masses switch from exchanges and adopt self-custody options. The domino effect of the FTX meltdown and other huge investors has left the market at a standstill, but LTC defies it and moves up to the price level of $62.
លីតធូអ៊ីន
Top gainer in the last 24hrs!!! pic.twitter.com/sgG3NGQpTS
- Litecoin (@litecoin) ខែវិច្ឆិកា 17, 2022
Litecoin is a truly decentralized network, there is no central authority that can freeze your money. Only you control and make decisions of what to do with your money.. If your Litecoin is held in self-custody. #WednesdayMotivation # លីitecoin
- Litecoin (@litecoin) ខែវិច្ឆិកា 16, 2022
នេះជាអ្វីដែលតារាងបង្ហាញ
The price forms a bullish pennant and indicates the upcoming surge. Despite facing rejection to a region of $50, the price of LTC bounced off as it rallied to reclaim the 50 EMA acting as the strong support. If the price of LTC holds above $60, we could witness the price rally to a high of $65-$70 very soon. If it maintains the current pace, the price may rally to $73.70 in a single swing.
The price trend continues to form and strongly indicates the surge. The RSI indicator, although neutral, moves in the 50-60 range. It may move closer to the bound of overbought soon, keeping in mind the upcoming market pressure to purchase. The CMF indicator moves closer to the 0-level and may cross it soon to mark the uptrend. The MACD indicator has already converged and may witness a bullish breakthrough concerning the upwards trend.
ការមើលកាន់តែជិត
The price may soon surge upwards, breaking the current pattern. The MACD indicator turns bullish and shows increasing purchases bunch by bunch. The divergence may widen as the price rallies. The RSI indicator reaches closer to the 70- mark indicating that in the future, it may even move beyond this range and become overbought.
សន្និដ្ឋាន
The current market study reflects strong sentiments for the self-custody concept as a whole. Due to this, many are deriving benefits as the crowd shifts from exchanges. In times of crisis, these indications are positive, as users are not moving towards mass-quitting of the industry, and people are ready to bring balance back.
កំរិតបច្ចេកទេស
កំរិតគាំទ្រ៖ ១.៥០ ដុល្លារនិង ១,៤០ ដុល្លារ
កម្រិត Resistance៖ $63.24 និង 73.70
ការមិនទទួលខុសត្រូវ
ទស្សនៈ និងគំនិតដែលសរសេរដោយអ្នកនិពន្ធ ឬមនុស្សណាម្នាក់ដែលមានឈ្មោះក្នុងអត្ថបទនេះគឺសម្រាប់តែគំនិតព័ត៌មានប៉ុណ្ណោះ ហើយពួកគេមិនបង្កើតហិរញ្ញវត្ថុ ការវិនិយោគ ឬដំបូន្មានផ្សេងទៀតទេ។ ការវិនិយោគលើ ឬជួញដូរទ្រព្យសកម្មគ្រីបតូមកជាមួយហានិភ័យនៃការបាត់បង់ហិរញ្ញវត្ថុ។
Source: https://www.thecoinrepublic.com/2022/11/19/ltc-to-recover-soon-from-the-turmoil-top-gainer-in-last-24-hours/