{"id":21242,"date":"2023-05-28T12:31:03","date_gmt":"2023-05-28T12:31:03","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ltc-arb-and-matic-price-outlook-amid-us-debt-limit-deal\/"},"modified":"2023-05-28T12:31:03","modified_gmt":"2023-05-28T12:31:03","slug":"ltc-arb-and-matic-price-outlook-amid-us-debt-limit-deal","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ltc-arb-and-matic-price-outlook-amid-us-debt-limit-deal\/","title":{"rendered":"LTC, ARB and MATIC price outlook amid US debt limit deal"},"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\/05\/1685276873763-57d53e31-d6c3-4a7b-a54b-e98f534a2132-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1685276873763-57d53e31-d6c3-4a7b-a54b-e98f534a2132-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1685276873763-57d53e31-d6c3-4a7b-a54b-e98f534a2132-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1685276873763-57d53e31-d6c3-4a7b-a54b-e98f534a2132-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">LTC bulls need to break above $93, a key hurdle below the psychological level of $100.<\/li>\n<li dir=\"ltr\">MATIC must reclaim $1 to target the $1.30-$1.50 range, or risk dip to $0.75.<\/li>\n<li dir=\"ltr\">Elsewhere, ARB is near a key resistance level as Arbitrum price jumps 3.9% amid the market\u2019s reaction to US debt ceiling news.<\/li>\n<\/ul>\n<p dir=\"ltr\">The US has reached a \u201ctentative deal\u201d on its debt limit crisis after a week of high uncertainty. With the news of the deal seeping through the markets, cryptocurrencies reacted slightly positively as Bitcoin and Ethereum prices rose above $27k and $1.8k respectively.<\/p>\n<p dir=\"ltr\">The outlook was also visible across the top 10 altcoin market, with sentiment relief showing as <a href=\"https:\/\/coinjournal.net\/litecoin\/\">Litecoin (LTC)<\/a>, Arbitrum (ARB), and <a href=\"https:\/\/coinjournal.net\/polygon\/\">Polygon (MATIC)<\/a> moved up. Even then, markets remain largely weak as May comes to a close.<\/p>\n<p dir=\"ltr\">Here is what a respected crypto analyst has predicted for LTC, ARB and MATIC.<\/p>\n<h2 dir=\"ltr\">Litecoin price prediction: $93 key to LTC bulls<\/h2>\n<p dir=\"ltr\">In March, LTC creator Charlie Lee offered a huge Litecoin price prediction. Pointing to the 14th\u00a0ranked cryptocurrency (by market cap today), Lee said Litecoin price could rise to 0.0125 BTC in a new bull cycle. He also believed a downside for LTC could find support at 0.0025 BTC.<\/p>\n<p dir=\"ltr\">The current LTC price is above this latter level as it trades near $89.40 or 0.0032 against <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">bitcoin<\/a>. In recent weeks, analysts have pointed to Litecoin\u2019s upcoming halving as a likely trigger for fresh upside momentum.<\/p>\n<p dir=\"ltr\">According to crypto analyst Michael van de Poppe, bulls need to break above a key resistance at $93 on the higher timeframe. The psychological $100 level would then be in sight as buyers eye a halving rally, he <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1662516171114000384\" rel=\"noopener noreferrer\" target=\"_blank\">tweeted<\/a>.\u00a0<\/p>\n<p dir=\"ltr\">\u201c<em>Many squigglies on this chart, but higher timeframe resistance is at $93. Currently, support found at $82 and a strong bounce -&gt; weekly candle looks good. Next week breaking through $93 and the Halving rally might star<\/em>t.\u201d<\/p>\n<h2 dir=\"ltr\">Polygon price prediction: MATIC needs to break above $1 again<\/h2>\n<p dir=\"ltr\">MATIC has traded<a href=\"https:\/\/coinjournal.net\/news\/polygon-price-prediction-matic-risks-dip-to-1-as-bears-pin-bitcoin-under-22-5k\/\">\u00a0<u>lower<\/u><\/a> since March, with an attempt to flip higher running into rejection in April as price fell below $1.00 (CoinJournal highlighted the subsequent price movement<a href=\"https:\/\/coinjournal.net\/news\/polygon-price-prediction-will-matic-recover-above-1-after-recent-partnerships\/\">\u00a0<u>here<\/u><\/a>). Although it remains below the dollar, bulls might have the upper hand if they reclaim control above $0.95.<\/p>\n<p dir=\"ltr\">Currently, MATIC\/USD is around $0.92. According to van de Poppe, MATIC has bounced well above this key area since its NFT announcement during the F1 Monaco GP. Can bulls build momentum from here?<\/p>\n<p dir=\"ltr\">\u201c<em>I really want to see it flip $0.95, then we can accelerate towards $1.30-1.50. If that\u2019s not the case, then short is activated and longs can be taken at $0.75<\/em>,\u201d the analyst <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1662556172212158465\" rel=\"noopener noreferrer\" target=\"_blank\">said<\/a> in reply to one of the requests for altcoin analysis.<\/p>\n<h2 dir=\"ltr\">Arbitrum price prediction: ARB is near key resistance<\/h2>\n<p dir=\"ltr\">Arbitrum, which was trading at $1.20 and 3.9% up in the past 24 hours at the time of writing, needs to hold above the $1.18 level to give bulls an upside boost. That could aid momentum to $1.30, van de Poppe<a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1662748293586092032\" rel=\"noopener noreferrer\" target=\"_blank\">\u00a0<u>noted<\/u><\/a>.<\/p>\n<p dir=\"ltr\">\u201c<em>Again, into resistance. This means, entries are available at $1.10. If it doesn\u2019t clearly break &amp; flip the resistance at $1.18, I\u2019d assume shorts are triggered when falling back sub $1.18. Otherwise, long continuation trade towards $1.30<\/em>.\u201d<\/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\/ltc-arb-and-matic-price-outlook-amid-us-debt-limit-tentative-deal\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) LTC bulls need to break above $93, a key hurdle below the psychological level of $100. MATIC must reclaim $1 to target the $1.30-$1.50 range, or risk dip to $0.75. Elsewhere, ARB is near a key resistance level as Arbitrum price jumps 3.9% [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":21243,"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\/21242"}],"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=21242"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21242\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/21243"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=21242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=21242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=21242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}