Litecoin Price To Hit $150 As Grayscale Files For Litecoin ETF?
The three consecutive days of the cryptocurrency market maintained the price trend, highlighting the positive prospects. In addition, with the latest update of the potential Litecoin ETF (its original currency) submitted by the gray degree, the price of LTC has maintained a trend of about 20% this year.
As the price of Litecoin rises, marketers are curious about questions such as “Is it a good time to invest in Litecoin?” And “When will the cottage season start?”
LTC currency price volatility increases!
The price of Litecoin rose 5.67%within 24 hours, the transaction volume was US $ 1.205 billion, and the change was+59.82%. Although it was adjusted 2.36%within 7 days, it has soared by 14.23%within 30 days, and the return rate has been+19.27%since the beginning of the year. This indicates that the pressure on purchase continues to increase.
In addition, the cottage coins have formed a round -bottom model and have been traded in this model since December 2024. However, despite the increased volatility, it successfully maintains its value in the interval. This shows that the cryptocurrency market has a strong bullish mood.
Litecoin technical emotion
The mobile average convergence and differences (MACD) successfully re -tested the neutral point, resulting in a rise in bullish. In addition, the average value shows a similar price trend, indicating that this copycat currency will continue to gain momentum in the future.
On the other hand, the SMA indicators in the LTC price chart appear to be declied to converge. This highlights the mixed price trend of the 19th largest cryptocurrency in the market.
Will LTC recover?
Suppose the market is conducive to bulls, which may push Litecoin’s price to its direct resistance at $ 128.25. Maintaining the price on this level may push the price to a high point of $ 147.25.
On the contrary, the decline and reversal may pull the price of this cottage to the support level of the round bottom mode. In addition, if the market turns negative, this may lead to the lowest point of the LTC token price for $ 109.
Are you curious about “how high will Litecoin rise this year?”? Read CoinpeDia Litecoin price forecast 2025, 20126 – 2030!
Frequently Asked Questions Answers
The price of LTC will need to soar 8,049.31% Its valuation realizes this milestone. Considering the historical market emotions, the possibility of this goal to achieve this goal is very small.
As the adoption rate increases, the price of LTC cryptocurrency may reach the maximum transaction value $ 528 By 2030.
The historical highest point of Litecoin (LTC) cryptocurrency is $ 412.96 And recorded on May 10, 2021.
