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      Litecoin (LTC) – What is the Chart Showing Us? - Stocks Telegraph

      By Ammar Mukhtar

      Published on

      December 17, 2021

      5:46 AM UTC

      Litecoin (LTC) – What is the Chart Showing Us? - Stocks Telegraph

      At the time of writing LTC is being traded at the price of $156.02. The price of the coin has increased by almost 3.87% in the past 24 hours (Practically at the same position). The maximum and minimum of the day are around $156.62 and $142.10. The daily trading volume has on the other hand has also increased by almost 25% in one day. LTC is listed on coinmarketcap at 18th spot according to market capital and has a market dominance of about 0.47%.

      LTC before the crash had achieved its all-time high around the price of $433.5 in May 2021. During the crash, LTC created a bottom and dropped down to $113.8 in July. Just like many other coins, the coin showed reversal but it wasn’t strong enough and now is nearly at the bottom again and has nearly retraced back to the position which it had during the month of August.

      LTC has a total supply of around 84M tokens and has nearly all of them in circulation around 69.17M. LTC can be traded at a lot of different exchanges such as Binance, OKEx, Mandala Exchange, and Huobi Global.

      Technical Analysis – Litecoin (LTC)

      Litecoin by many people has been used as a top signal. The price went on to create a high but couldn’t sustain it and eventually dropped down which resulted in the shift of structure.

      The price has now broken the structure and now is on a downtrend. Price of LTC has grabbed the liquidity at the bottom and eventually moved up again.

      LTC -1D

      Now during this break of structure, it can be seen that the price had left an imbalance in the candles and has shown inefficiency. We can expect the price of LTC to move upwards and fill this gap from where a reaction can be expected. If the price fails to hold this level, it can drop down to an even lower liquidity grab otherwise we can look for a higher high.

      Price Prediction – Litecoin (LTC)

      Litecoin (LTC) has been one of the highly bullish coins in the market. According to wallet investor, LTC in one year is expected to reach a value of $245.265. In five years, it is expected to touch $592.380. This shows that LTC has a huge amount of potential in it. It would give an amazing return to the people who would hold it.


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