Litecoin (LTC), known as “the digital silver next to Bitcoin’s gold,” is the focus of our analysis today. We focus on LTC price prediction for the near future. This article contains technical analysis from our premium environment.
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Technical analysis of Litecoin (LTC) price
Crypto Insiders analysts recently published new LTC analysis. In it they shared the following:
“LTC has been mostly sideways over the last few months, but this has presented us with a great opportunity. The price was within our green buy zone, which we had drawn between $60.5 and $69.
From this area, we briefly saw a rise towards $76, although the price subsequently fell back slightly. It is important that the green buy zone continues to act as a strong support zone. This makes us confident in a future uptrend for LTC.
We see an Elliott wave pattern at 12345 that could initially push the price to $92. However, given the nature of this pattern, we see potential for an even higher move. We are monitoring the market closely and will release further updates in our premium environment.”
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Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts' own insights and experiences. These therefore serve exclusively educational purposes.
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