{"id":18089,"date":"2023-02-26T12:26:11","date_gmt":"2023-02-26T12:26:11","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/what-next-after-litecoins-latest-partnership\/"},"modified":"2023-02-26T12:26:11","modified_gmt":"2023-02-26T12:26:11","slug":"what-next-after-litecoins-latest-partnership","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/what-next-after-litecoins-latest-partnership\/","title":{"rendered":"What next after Litecoin&#8217;s latest partnership?"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677409776739-7b674b75-d3b5-4eae-8d03-6f50abc4ad60-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677409776739-7b674b75-d3b5-4eae-8d03-6f50abc4ad60-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677409776739-7b674b75-d3b5-4eae-8d03-6f50abc4ad60-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677409776739-7b674b75-d3b5-4eae-8d03-6f50abc4ad60-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>\n<p>Litecoin price was hovering around $93.90 early Sunday, up 2% in 24 hours.<\/p>\n<\/li>\n<li>\n<p>The Litecoin Foundation recently announced a major partnership with Metalpha Technology Holdings.<\/p>\n<\/li>\n<li>\n<p>LTC price is just above the 50D EMA, and must hold above here if bulls have to take charge.<\/p>\n<\/li>\n<\/ul>\n<div class=\"fr-img-space-wrap\" style=\"text-align: left\"><a href=\"https:\/\/coinjournal.net\/litecoin\/\"\/><br \/><a href=\"https:\/\/coinjournal.net\/litecoin\/\">Litecoin price<\/a> rose above $94 on Sunday as the cryptocurrency picked up some gains following the dump to lows of $91 on Friday.<\/p>\n<p>While the gains are modest and LTC is still over 5% in the red on the weekly chart, the positive trend in the past 24 hours highlights the potential for bulls to successfully retest the key resistance zone above $96.<\/p>\n<\/div>\n<h2 dir=\"ltr\">LTC price prediction after Litecoin Foundation and Metalpha partnership<\/h2>\n<p dir=\"ltr\">To strengthen the short-term bullish outlook, bulls need to retest and break resistance at the middle line of the ascending channel (daily chart). That means moving to the price range between $97 and $100. The channel\u2019s upper trendline offers resistance around $110.\u00a0<\/p>\n<p dir=\"ltr\">As <a href=\"https:\/\/coinjournal.net\/news\/litecoin-price-is-ripe-for-a-40-jump-technical-analysis\/\">predicted<\/a> last week, LTC price could see a 40% jump if it breaks the $100-110 confluent zone, with potential gains to above $130.<\/p>\n<p dir=\"ltr\">Helping this positive short-term outlook could be the resilience in the broader crypto market as Bitcoin attempts to hold major support above $23k, with a retest of $25k possible.<\/p>\n<p dir=\"ltr\">More than that, it could be the bullish outlook from the likely institutional pull of Litecoin, particularly following this week\u2019s partnership with Nasdaq-listed wealth manager Metalpha Technology \u00a0Holding Ltd (NASDAQ: MATH.)<\/p>\n<p dir=\"ltr\">The partnership could prove pivotal for Litecoin miners as well promote the adoption of LTC as a global payment network. This is because Litecoin will collaborate with the crypto-focused firm to promote sustainable mining and offer hedging solutions for miners. The plan is to lower carbon emissions amid a push for renewable energy.<\/p>\n<p dir=\"ltr\">Metalpha will also help bring financial derivative products to the Litecoin network, the Litecoin Foundation said in a <a href=\"https:\/\/www.litecoin.net\/news\/litecoin-foundation-partner-with-metalpha-for-sustainable\" rel=\"noopener noreferrer\" target=\"_blank\">press announcement<\/a>.<\/p>\n<div class=\"fr-img-space-wrap\"><span class=\"fr-img-caption  fr-fic fr-dib fr-draggable\" style=\"width: 600px\"><span class=\"fr-img-wrap\"><\/p>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/01\/26\/1677408381552-2744958b-e3d3-4adf-8814-b3f2bf972f1b.png\" style=\"width: 600px\" class=\"fr-fic fr-dib\" width=\"600\" height=\"263\"\/><span class=\"fr-inner\"><em>Litecoin chart showing key price points. Source:\u00a0<\/em><a href=\"https:\/\/www.tradingview.com\/x\/MpgNbNXC\/\" rel=\"noopener noreferrer\" target=\"_blank\"><em>TradingView<\/em><\/a><\/span><\/p>\n<p><\/span><\/span><\/p>\n<p class=\"fr-img-space-wrap2\">The bullish perspective might however be undone if LTC\/USD moves lower and break support at $90.<\/p>\n<\/div>\n<p dir=\"ltr\">As seen in the daily chart above, the 50-day exponential moving average (EMA) currently provides an immediate buffer zone.<\/p>\n<p dir=\"ltr\">If price penetrates this level on the downside, LTC could drop to the $80.38 line, below which the 200-day EMA is at $78.52. December 2022 lows around $63 is another key level that bears might be eyeing.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/litecoin-price-analysis-can-ltc-ride-the-metalpha-partnership-to-break-100\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Litecoin price was hovering around $93.90 early Sunday, up 2% in 24 hours. The Litecoin Foundation recently announced a major partnership with Metalpha Technology Holdings. LTC price is just above the 50D EMA, and must hold above here if bulls have to take [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":18090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/18089"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=18089"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/18089\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/18090"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=18089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=18089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=18089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}