Litecoin Price Prediction as LTC Bounces 15% From Recent Lows – Watch This Key Resistance Level

Crypto News
Crypto News

18 Sep 2023 7:23 PM

Litecoin (LTC) has staged an impressive recovery from recent lows and price predictions are looking up now the cryptocurrency has found support at its 21DMA....

  • Litecoin (LTC) has experienced a 5% bounce in the last 24 hours and is up over 15% from last week's lows.
  • LTC is one of the oldest and most battle-tested blockchains, launched in 2011 to address scalability concerns of Bitcoin.
  • Despite a recent recovery, LTC is still down over 40% from its highs in early July.
  • Recent technical developments indicate more optimistic price predictions for Litecoin.
  • Bulls are focusing on the next key resistance area around $70.50, with the possibility of quick gains.
  • Long-term bulls prefer consolidation within the $60-70 range to accumulate more.
  • Litecoin markets itself as a better version of Bitcoin for daily transactions with low fees and fast speeds.
  • Daily Litecoin transactions have consistently remained above 100,000.
  • Wall Street Memes is launching its own meme coin token $WSM, backed by major influencers and analysts.

The sentiment of the article is generally positive, highlighting the recent bounce and recovery of Litecoin, as well as the potential for future gains. It also mentions the success of the presale of $WSM and the backing it has received from influencers and analysts.

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