{"id":20417,"date":"2023-04-30T18:44:59","date_gmt":"2023-04-30T18:44:59","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/heres-why-ltc-could-explode\/"},"modified":"2023-04-30T18:44:59","modified_gmt":"2023-04-30T18:44:59","slug":"heres-why-ltc-could-explode","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/heres-why-ltc-could-explode\/","title":{"rendered":"here&#8217;s why LTC could explode"},"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\/2023\/04\/1682880135933-dc43913a-d50f-4d83-b5b6-934b791c9dce-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1682880135933-dc43913a-d50f-4d83-b5b6-934b791c9dce-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1682880135933-dc43913a-d50f-4d83-b5b6-934b791c9dce-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1682880135933-dc43913a-d50f-4d83-b5b6-934b791c9dce-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Litecoin price traded above $90 on Sunday, with LTC hitting intraday highs of $91.60.<\/li>\n<li dir=\"ltr\">While price has rejected twice above $100, the area remains a key target for bulls as Bitcoin retests the $30k level.<\/li>\n<li dir=\"ltr\">If it breaks above the hurdle, fresh momentum heading into the Litecoin halving in August could catapult LTC price towards its all-time peak.<\/li>\n<\/ul>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/litecoin\/\"><u>Litecoin (LTC)<\/u><\/a> is trading around the $90 level after bulls battled to regain some control following the sharp sell-off to lows of $84 this past week. The weakness in the price of LTC came after another dip in March that saw the price rejected at year-to-date highs of $106 in February.<\/p>\n<p dir=\"ltr\">The decline occurred at a key horizontal resistance area at the $100 zone, which remains the main hurdle as Litecoin enters the last few months before its halving in August.<\/p>\n<h2 dir=\"ltr\">Litecoin price: are bulls taking control?<\/h2>\n<p dir=\"ltr\">The LTC price rejection in the past weeks at $100 meant a double top pattern appeared, which signals bearish strength and highlights the potential for downward continuation. As it happened, LTC price broke below an ascending trendline support after hitting $103 on 18 April and a significant drop a few days later had LTC\/USD hugging lows of $84.<\/p>\n<p dir=\"ltr\">But despite the previous gains being wiped out by the decline, LTC is currently trying to maintain the $90 area after a critical daily close above it. \u00a0Bulls will need to confirm they are getting in control by pushing higher even as a potential rising channel appears on the daily chart.<\/p>\n<p dir=\"ltr\">A look at the Relative Strength Index (RSI) shows the momentum indicator is just below the 50 line. However, the indicator is looking to cross above the signal line to suggest further possible accumulation of the <a href=\"https:\/\/coinjournal.net\/news\/tag\/altcoin\/\"><u>altcoin<\/u><\/a>.<\/p>\n<div class=\"fr-img-space-wrap\"><span class=\"fr-img-caption fr-fic fr-dib fr-draggable\" style=\"width: 615px\"><span class=\"fr-img-wrap\"><\/p>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/03\/30\/1682879352906-6e0675e7-51e6-4d55-b130-270e099500f3.png\" style=\"width: 700px\" class=\"fr-fic fr-dib\" width=\"700\" height=\"270\"\/><span class=\"fr-inner\"\/><\/p>\n<p dir=\"ltr\">Litecoin price LTC\/USD daily chart outlook. Source:<a href=\"https:\/\/www.tradingview.com\/x\/4jdMW8TY\/\" rel=\"noopener noreferrer\" target=\"_blank\">\u00a0<u>TradingView<\/u><\/a><\/p>\n<p><\/span><br \/>\n<\/span><\/p>\n<h2 class=\"fr-img-space-wrap2\">Litecoin price prediction ahead of halving<\/h2>\n<\/div>\n<p dir=\"ltr\">With approximately 100 days left before halving, the Litecoin price prediction for 2023 is bullish. The network has continued to see greater miner confidence, with the total hashrate for the blockchain recently hitting 760 terahashes per second(TH\/s).<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">760,745,039,240,513 beautiful hashes = today&#8217;s combined computational strength, and security, of the <a href=\"https:\/\/twitter.com\/hashtag\/Litecoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Litecoin<\/a> blockchain! \u26a1 <a href=\"https:\/\/t.co\/lWoO4eUqTC\">pic.twitter.com\/lWoO4eUqTC<\/a><\/p>\n<p>\u2014 Litecoin (@litecoin) <a href=\"https:\/\/twitter.com\/litecoin\/status\/1649439109646286848?ref_src=twsrc%5Etfw\">April 21, 2023<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">If the expected halving rally kicks in amid a broader market uptick, the two main targets above $100 will lie around $180 and then $300. The all-time high for LTC is around $410 reached in May 2021.<\/p>\n<p dir=\"ltr\">On the flipside, a bearish reversal could see the long term resistance-turned support area of $65 come into play. Below that, the main buffer for Litecoin price remains the multi-year base around $40.<\/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><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/litecoin-price-prediction-can-bulls-pick-up-new-momentum-for-ltc\/\">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 traded above $90 on Sunday, with LTC hitting intraday highs of $91.60. While price has rejected twice above $100, the area remains a key target for bulls as Bitcoin retests the $30k level. If it breaks above the hurdle, fresh momentum [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":20418,"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\/20417"}],"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=20417"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/20417\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/20418"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=20417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=20417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=20417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}