• About us
  • Advertise With Us
  • Become a Contributor
  • Guest Posting Service
  • Privacy Policy
  • Submit Press Release
  • Terms & Conditions
  • Contact
Cryptowall Street News
  • Home
  • Trending Coins
    • Cardano
    • Ethereum
    • Coinbase
    • Polkadot
    • Metaverse
    • BNB Chain
    • DeFi
    • Polkadot
    • Solana
  • Market
    • Bitcoin
    • Blockchain
    • Analysis
    • Guide
  • Top List
    • Top 10 cryptocurrencies
    • Top 50 Cryptocurrency
    • Top 100 Cryptocurrencies
    • Top 200 Cryptocurrency
    • Top 250 Cryptocurrencies
  • Binance
  • Coinbase
  • Crypto
    • Crypto Exchange
  • Finance
  • Litecoin
  • Ripple
  • Tether
No Result
View All Result
  • Home
  • Trending Coins
    • Cardano
    • Ethereum
    • Coinbase
    • Polkadot
    • Metaverse
    • BNB Chain
    • DeFi
    • Polkadot
    • Solana
  • Market
    • Bitcoin
    • Blockchain
    • Analysis
    • Guide
  • Top List
    • Top 10 cryptocurrencies
    • Top 50 Cryptocurrency
    • Top 100 Cryptocurrencies
    • Top 200 Cryptocurrency
    • Top 250 Cryptocurrencies
  • Binance
  • Coinbase
  • Crypto
    • Crypto Exchange
  • Finance
  • Litecoin
  • Ripple
  • Tether
No Result
View All Result
Latest News and Updates on Cryptocurrency
No Result
View All Result

Litecoin (LTC) shows a bit of weakness – How will the price action play out?

by
August 16, 2022
in Uncategorized
0 0
0
Litecoin (LTC) shows a bit of weakness – How will the price action play out?
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

LTC’s pullback comes even as on-chain data shows increased activity

The coin has rallied quite substantially from its lowest point this year.

We expect LTC to consolidate in and around $120 before the next leg up.

One thing that should give LTC investors a lot of hope is the fact that on-chain activity is quite impressive. Transaction volumes remain high and this can only be a positive for the future. It is, therefore, safe to deduce that the recent slowed momentum has largely been influenced by the broader movement in the market. 

But despite this, there are a few bearish signs, especially in the short term. For instance, LTC has fallen slightly from its 50-day SMA. Momentum indicators also point downwards. However, we do not expect any sharp fall. 

In fact, LTC is likely going to consolidate in and around $120. Even if somehow the retreat continues, we expect the coin to find strong support at $116. After that, Litecoin will resume its uptrend and could hit $200 in the second quarter.

Yes, if you want to build a good portfolio of crypto assets, then LTC will be a worthwhile consideration. As for the short term, there is still a lot of upside potential for LTC. 

Just give it time to consolidate and once it falls to around $116, consider buying. The coin is likely to continue its bullish run in the near term.

The post Litecoin (LTC) shows a bit of weakness – How will the price action play out? appeared first on CoinJournal.

source

  • Trending
  • Comments
  • Latest
Beldex and Geometry Labs enter privacy-enhancing partnership

Beldex and Geometry Labs enter privacy-enhancing partnership

September 13, 2022
Here's When the Ethereum Proof-of-Work Fork Will Take Place

Here’s When the Ethereum Proof-of-Work Fork Will Take Place

September 13, 2022
Horizen Labs' ApeCoin staking hype sets $APE on a bullish trajectory

Horizen Labs’ ApeCoin staking hype sets $APE on a bullish trajectory

September 13, 2022
Bitcoin breaks to $20K as bulls target higher mothly close

Bitcoin breaks to $20K as bulls target higher mothly close

October 9, 2022
Only1 review: redefining social media experience using NFTs

Only1 review: redefining social media experience using NFTs

0
Et voici EIP-1559 !

Et voici EIP-1559 !

0
Crypto.com is now registered as a virtual asset service provider in the Cayman Islands

Crypto.com is now registered as a virtual asset service provider in the Cayman Islands

0
Crypto has provided Ukraine a way to ‘fight back’, digital transformation minister says

Crypto has provided Ukraine a way to ‘fight back’, digital transformation minister says

0
82% of Millionaires Ask About Putting Crypto in Their Portfolios, Survey Shows – Featured Bitcoin News

82% of Millionaires Ask About Putting Crypto in Their Portfolios, Survey Shows – Featured Bitcoin News

February 1, 2023
JPMorgan CEO Jamie Dimon Calls Bitcoin 'Hyped-up Fraud' — Expects Satoshi Nakamoto to Increase BTC Supply Cap – Featured Bitcoin News

JPMorgan CEO Jamie Dimon Calls Bitcoin ‘Hyped-up Fraud’ — Expects Satoshi Nakamoto to Increase BTC Supply Cap – Featured Bitcoin News

January 31, 2023
Nothing Outlaws Crypto in India if Legal Procedures Are Followed, Says Government Official – Regulation Bitcoin News

Nothing Outlaws Crypto in India if Legal Procedures Are Followed, Says Government Official – Regulation Bitcoin News

January 30, 2023
Ransomware Revenue Drops as Victims Pay Less Often, Chainalysis Reports – Security Bitcoin News

Ransomware Revenue Drops as Victims Pay Less Often, Chainalysis Reports – Security Bitcoin News

January 29, 2023

POPULAR NEWS

    Recommended

    82% of Millionaires Ask About Putting Crypto in Their Portfolios, Survey Shows – Featured Bitcoin News

    82% of Millionaires Ask About Putting Crypto in Their Portfolios, Survey Shows – Featured Bitcoin News

    February 1, 2023
    JPMorgan CEO Jamie Dimon Calls Bitcoin 'Hyped-up Fraud' — Expects Satoshi Nakamoto to Increase BTC Supply Cap – Featured Bitcoin News

    JPMorgan CEO Jamie Dimon Calls Bitcoin ‘Hyped-up Fraud’ — Expects Satoshi Nakamoto to Increase BTC Supply Cap – Featured Bitcoin News

    January 31, 2023
    Nothing Outlaws Crypto in India if Legal Procedures Are Followed, Says Government Official – Regulation Bitcoin News

    Nothing Outlaws Crypto in India if Legal Procedures Are Followed, Says Government Official – Regulation Bitcoin News

    January 30, 2023
    Ransomware Revenue Drops as Victims Pay Less Often, Chainalysis Reports – Security Bitcoin News

    Ransomware Revenue Drops as Victims Pay Less Often, Chainalysis Reports – Security Bitcoin News

    January 29, 2023

    About Us

    Get the latest news on Cryptocurrency and stay up-to-date ... Cryptocurrency prices today

    Categories

    • Analysis
    • Binance
    • Bitcoin
    • Blockchain
    • BNB Chain
    • Cardano
    • Coinbase
    • Crypto
    • DeFi
    • Ethereum
    • Finance
    • Guide
    • Market
    • Metaverse
    • Polkadot
    • Solana
    • Tether

    Tags

    BNB Chain Business Wire Pricing Cardano Cardano Crypto Crypto Cryptocurrency News Crypto Guest Posting Crypto News Crypto news distribution network Crypto news platform Crypto news site Crypto World DeFi Crypto Ethereum Ethereum Crypto Ethereum Digital Marketing agency Ethereum Marketing Agency Ethereum Marketing Experts Ethereum Online Marketing Agency Latest Crypto News Marketwired Pricing Metaverse Polkadot Polkadot Digital Marketing firm Polkadot Marketing Experts PRNewswire Cost PRNewswire Pricing PRWeb Pricing Solana Solana Crypto Solana Digital Marketing Specialists Solana Marketing Experts3 Solana Online Marketing Agency Today Crypto Update Top Cryptocurrency News video news release video press release video press release service
    • About us
    • Advertise With Us
    • Become a Contributor
    • Contact
    • Guest Posting Service
    • Home 4
    • List Of Top All Cryptocurrencies In The World (2022 Updated)
    • Privacy Policy
    • Submit Press Release
    • Terms & Conditions
    • Top 10 cryptocurrencies in the world | Crypto Prices Today LIVE
    • Top 100 Cryptocurrencies (Real-Time Prices) Market Cap
    • Top 200 Cryptocurrency List Price – Charts
    • Top 50 Cryptocurrency Prices – Coin Market Cap and Price Charts

    © 2022 cryptowallstreetnews.

    No Result
    View All Result
    • Home
    • Trending Coins
      • Cardano
      • Ethereum
      • Coinbase
      • Polkadot
      • Metaverse
      • BNB Chain
      • DeFi
      • Polkadot
      • Solana
    • Market
      • Bitcoin
      • Blockchain
      • Analysis
      • Guide
    • Top List
      • Top 10 cryptocurrencies
      • Top 50 Cryptocurrency
      • Top 100 Cryptocurrencies
      • Top 200 Cryptocurrency
      • Top 250 Cryptocurrencies
    • Binance
    • Coinbase
    • Crypto
      • Crypto Exchange
    • Finance
    • Litecoin
    • Ripple
    • Tether

    © 2022 cryptowallstreetnews.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    • bitcoinBitcoin(BTC)$23,874.003.54%
    • ethereumEthereum(ETH)$1,665.655.13%
    • USDEXUSDEX(USDEX)$1.08-0.31%
    • tetherTether(USDT)$1.000.13%
    • binancecoinBNB(BNB)$318.811.61%
    • usd-coinUSD Coin(USDC)$1.000.13%
    • rippleXRP(XRP)$0.4159742.75%
    • Binance USDBinance USD(BUSD)$1.000.24%
    • cardanoCardano(ADA)$0.4007132.60%
    • dogecoinDogecoin(DOGE)$0.0954010.25%