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Litecoin Price Prediction: LTC/USD Takes Price Above $215 Level With 1.18% Gain

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LTC Price Prediction – April 3

The price of Litecoin is currently changing hands at $214 as the coin prepares to move higher.

LTC/USD Market

Key Levels:

Resistance levels: $235, $245, $255

Support levels: $190, $180, $170

LTCUSD – Daily Chart

LTC/USD is now moving above the 9-day and 21-day moving averages where the coin is making an attempt to cross above the upper boundary channel. A climb above the previous resistance level at $220 could allow the bulls to maintain and move the price to the higher highs. Meanwhile, the current price setups reveal that bears may come to play if the 9-day MA refused to cross above the 21-day MA.

What to Expect from Litecoin

As stated above, LTC/USD is maintaining the uptrend as the coin moves toward the resistance of $220. An increase above this initial resistance could trigger intense buying to $235, $245, and $255 resistance levels. Looking at the downside, the Litecoin price may likely hold a support level at $209 which is the current daily low.

Meanwhile, the next support after this is located at $190 where it may even dip to $180 and $170 supports if the selling volume comes to play. Nevertheless, the technical indicator RSI (14) reveals that the market may continue to follow the bullish movement if the signal line crosses above the 70-level.

When compares with Bitcoin, Litecoin price is making an attempt to cross the upper boundary of the channel in other to reach the resistance at 3800 SAT. Unless this resistance is effectively exceeded and the price ends up closing above it, there might not be any reason to expect the long-term bullish reversal.

LTCBTC – Daily Chart

However, trading below the moving averages could refresh lows under 3400 SAT and a possible bearish continuation may likely meet the major support at 3300 SAT and below while the buyers may push the coin to the potential resistance at 3900 SAT and above. More so, the technical indicator RSI (14) moves toward the 60-level to give more bullish signals.

Litecoin Price Prediction: LTC/USD Takes Price Above $215 Level With 1.18% Gain

Source

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://blockchainconsultants.io/litecoin-price-prediction-ltc-usd-takes-price-above-215-level-with-1-18-gain/?utm_source=rss&utm_medium=rss&utm_campaign=litecoin-price-prediction-ltc-usd-takes-price-above-215-level-with-1-18-gain

Blockchain

Bitcoin’s ATH at $65K And Coinbase Nasdaq Listing: The Weekly Recap

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This week was particularly eventful in the cryptocurrency market. Without a doubt, the highlight of it was the direct listing of Coinbase shares on Nasdaq. This is the first major cryptocurrency exchange to go public, and it did so in style. The trading opened at around $381 per share (ticked COIN), putting an opening value of around $100 billion.

But that’s not the only exciting thing that happened. The week started off with a blast as bitcoin surged past $60K on Saturday. However, the price was somewhat indecisive, and it couldn’t continue forward during the next few days. All of that ended on Tuesday when BTC skyrocketed above $63K and marked a new all-time high. But there was more to come.

On Wednesday, Bitcoin bulls forced another leg up and painted a fresh peak around $65,000 – where the current ATH lies. Since then, the price has retraced a bit, but the market continues to look primed.

Amid all this, altcoins were thriving. Ethereum is up by around 17% in the past seven days, which is also true for BNB. Ripple exploded by 60%, but the show was stolen by the one and only meme coin – DOGE.

Dogecoin increased by a jaw-dropping 530% in the past week, and it set a new all-time high above $0.45. It is currently the fifth biggest cryptocurrency by means of total market capitalization, surpassing the likes of Tether, Cardano, and Polkadot. Its total valuation is also higher than traditional finance behemoth Barclays, as well as other companies such as Motorola.

In any case, altcoin season is booming, with the majority of large-cap cryptocurrency charting double-digit increases in the past week. This has reduced the BTC dominance towards 51%, despite the fact that bitcoin is also up by around 6% in the same period.

Elsewhere, positive news came from PayPal’s CEO, who said that the company could reach upwards of $200 million in volume in the next few months. The online payment processor recently launched a crypto checkout service that allows its users to spend their cryptocurrency at millions of merchants.

Larry Fink, the CEO of the world’s largest asset manager, BlackRock, said that crypto has the potential of becoming a “great asset class,” which is surely a good thing. Regardless, the markets are particularly volatile, and it’s very exciting to see how the next week will shape up.

Market Data

Market Cap: $2,229B | 24H Vol: 287B | BTC Dominance: 51.7%

BTC: $61,650 (+5.49%) | ETH: $2,426 (+17.03%) | XRP: $1.65 (+63.73%)

The Crypto Headlines You Better Not Miss

MicroStrategy Directors Now Receive Board Fees in Bitcoin. In yet another major pro-Bitcoin move, Micheal Saylor’s MicroStrategy made the decision to start paying its non-employee directors board fees in BTC. The company continues with its positive stance towards the cryptocurrency as its total holdings near 100,000 bitcoins.

Coinbase COIN Starts Trading at a Price Around $400 and Over $100 Billion Valuation. Coinbase, the leading US-based cryptocurrency exchange, is now a publicly-traded company on Nasdaq. Its shares are under the COIN ticker and opened at a price of $381 per share, putting a total market capitalization of the company of around $100 billion upon listing.

PayPal’s Crypto Service Could Reach $200 Million in Volume in a Few Months, Says CEO. The CEO of the world’s leading online payment processor PayPal – Dan Schulman, said that his company can reach a cryptocurrency volume of around $200 million in a few months. This comes shortly after they launched a crypto checkout service.

Crypto Can Become a Great Asset Class, Says BlackRock CEO. Larry Fink, the CEO of the biggest asset management company in the world, BlackRock, said that cryptocurrencies can become a great asset class. He also said that he’s fascinated and encouraged by the number of people focusing on it.

Ethereum’s Berlin Hard Fork is Live, but Sync Issues Are Reported. Ethereum’s network went through a planned hard fork called Berlin. The update is already live, but it also caused some node syncing issues for some users which resulted in a few exchanges halting deposits and withdrawals temporarily.

Grayscale Total Assets Value Soars Above $50 Billion Following the Recent Bitcoin ATH. The biggest cryptocurrency asset manager, Grayscale, achieved a serious milestone amid the increasing prices this week. Its total assets under management topped $50 billion for the first time.

Charts

This week we have a chart analysis of Bitcoin, Ethereum, Ripple, Binance Coin, and Cardano – click here for the full price analysis.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/bitcoins-ath-at-65k-and-coinbase-nasdaq-listing-the-weekly-recap/

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Blockchain

How Litecoin Can Follow DOGE To The Moon And Reach $2,000

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With a 181.5% increase in the 24-hour chart, Dogecoin (DOGE) is breaking every resistance towards a new all-time high. On the other hand, Litecoin is showing strong momentum and, according to a trader, it could follow DOGE’s performance.

Investing App Robinhood offers its users the possibility to trade with 6 cryptocurrencies: DOGE, Bitcoin, Ethereum Classic, Bitcoin Cash, Bitcoin SV, and Litecoin. Trader and analyst “Pentoshi” believes DOGE’s current price action is coming from this platform.

However, Litecoin has the “best-looking chart” and is amongst the cheapest to buy in Robinhood, said Pentoshi. These two factors could converge with DOGE and LTC mining cycles. Pentoshi added:

On top of that. $Doge and $LTC is mined together. They are United by blood. Miners can take profits to LTC and it’s cheap compared to the Robinhood traders other options.

Pentoshi further added that PayPal’s crypto services have benefit LTC’s price. In LTC/BTC trading pair, Pentoshi set support in 444,976 satoshis and is aiming at 996,579 satoshis in the long run. The trader added the following on DOGE and LTC mining cycles:

$DOGE and $LTC are mined together. Both have the same cycles shown here: They are cyclical and repeat their fractals. Litecoin is just starting! It’s all there when you zoom out. History simply repeats.

Litecoin (LTC) on route to $2,000?

Data from IntoTheBlock shows LTC indicators like Net Network Growth, metric to measure Litcoin’s “true” network growth, Large Transactions, Concentration, and others are bullish. The Futures Market Momentum is also bullish due to the increase in volume and open interest.

Litecoin LTC
Source: IntoTheBlock

The metric In/Out of the Money Around Price indicates further appreciation and support for LTC around $268 and $287. Over 100,000 LTC addresses bought almost 2 million LTC near these levels.

Litecoin LTC
Source: IntoTheBlock

In support of the bullish case, crypto trader Kaleo said LTC’s price to $1,000 is “imminent” and even set a further target toward $2,000.

LTC is trading at $313 with a 12.9% profit in the 24-hour chart. In the weekly and monthly chart, LTC has 38.6% and 56.1% profits, respectively.

Litecoin LTC LTCUSDT
LTC with bullish momentum in the 24-hour chart. Source: LTCUSDT Tradingview

Data from CryptoQuant indicates a rise in Coinbase premium over the past day. In this platform, there are already orders to sell LTC at $550 as analyst Eric Thies commented. Therefore, Litecoin investors seem to have enough reasons to remain bullish.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.newsbtc.com/news/how-litecoin-can-follow-doge-to-the-moon-and-reach-2000/

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Blockchain

Trading apps usurp TikTok in popularity

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Two trading apps have risen to the top of Apple’s App Store in recent days. Robinhood holds the number one position, with Coinbase in second, at time of publication on Friday. In third: popular social media platform TikTok. YouTube, Instagram and Snapchat hold the fourth, fifth and sixth positions respectively.

One possible conclusion? Folks are now more interested in swapping crypto and financial assets than they are in interacting on various social media platforms — a conclusion noted by CNBC in an article on Friday.

Robinhood saw significant coverage in January when the company halted purchases for GameStop stock. The decision came after the asset’s price spiked in tandem with activity from a Reddit group known as Wallstreetbets.

Second-place app Coinbase has also hit many headlines this year, especially in recent weeks in anticipation of its direct stock listing. Chatter rose as the stock, under the ticker COIN, was listed by Nasdaq on Wednesday.

Crypto and stocks largely entered the retail spotlight after they both crashed in March 2020. Emerging from the event, both markets posted recoveries, with the crypto markets going on to reach new all-time highs. Bitcoin’s price has since more than tripled its record high from 2017.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cointelegraph.com/news/trading-apps-usurp-tiktok-in-popularity

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