LTC/USDT Price Analysis: Bullish Breakout from Ascending Triangl
LTC/USDT Price Analysis: Bullish Breakout from Ascending Triangle Pattern
In this video, we analyze the recent breakout of Litecoin (LTC) against Tether (USDT) from an ascending triangle pattern, signaling a potential bullish move. We'll explore how LTC/USDT has gained nearly 150% from its recent low and could be eyeing a further 3-5% rally if key resistance levels are breached.
Key points covered:
• Identification of the ascending triangle pattern
• Analysis of key support and resistance levels
• Potential price targets for the breakout
• Risk management strategies for traders
Don't miss this opportunity to understand the technical factors driving LTC's price action and how you can potentially profit from this bullish formation.
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Remember to always conduct your own research and consider your risk tolerance before making any investment decisions.
Ltcpriceprediction
LTC BTC - from bottom to top within 4-8 weeks on AVERAGEAccording to historical performance, LTC only takes 4-8 weeks to go from the macro bottom to the macro top.
If BTC recovers properly within the next few days, I assume for history to repeat. For all those who are blind, if BTC has not been manipulated (according to on-chain data this has clearly been the case) to -55%
then LTC could have already seen 0.015 BTC by now, just like ETC which followed right after the ETH euphoria.
Ltc/USDT price prediction target $253+Litecoin price is contained inside an ascending parallel channel on the 1-hour chart.
LTC bulls have just defended a crucial support level and aim for a significant rebound.
A key indicator is on the verge of presenting a strong buy signal for LTC.
Litecoin price is still down by 30% since its 2021 peak of $247. However, the cryptocurrency market is showing signs of a recovery, and Litecoin bulls are planning to take advantage of it.
Regards
Naeem_786
LTCUSD Price Moving With Bulls?Litecoin has had an enormous fall and cash is dropped from the estimation of $72.35. The cash even contacts the estimation of $73 yet didn't remain there for long. The following day on Tuesday the money encountered a gigantic drop in the worth and reach straightforwardly up to $67.43 and it is colossal. From Wednesday to Sunday the estimation of the Litecoin was running between the estimations of $50.00 to $58.00 and stay under the bearish weight.
Recently, on Monday the money open with the estimation of $54.31 and the end cost was $56.06. Recently, additionally the cash drifts between the specific scopes of qualities and the most noteworthy the money came to is $56.16. On the off chance that we analyze yesterday's and the present cost the estimation of Litecoin is encountering an expansion of 3.21%, which is extremely positive.
News Source : TheCoinRepublic