Home Business Litecoin (LTC) stable in the green, ready for a strong rise

Litecoin (LTC) stable in the green, ready for a strong rise

Litecoin (LTC) stable in the green, ready for a strong rise

In this article, we will focus on the future price expectations for Litecoin (LTC) with the support of our premium environment.

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This information is intended to broaden your insight; Please note that our analysts do not provide financial advice.

Technical analysis of Litecoin (LTC) price

The analysts at Crypto Insiders have been seeing great potential in Litecoin’s upward movement for some time. They recently announced the following in the Premium environment:

“Litecoin has been moving sideways for some time now. We believe that the price is currently in an accumulation phase, meaning investors are accumulating LTC. All of this takes place within our green buy zone, which is between $60 and $70.

This is a positive signal because it indicates that there are enough buyers to keep the price stable and prevent it from falling further. We are currently seeing a “12345 Elliott Wave” pattern in price development with a noticeably long wave 2.

We are now waiting for wave 3, which is expected to cause an upward movement. This third wave could push the price towards $100. To protect against unexpected price drops, we use a tight stop loss around $58. If the price falls below this level, we will prepare for a possible further decline.

Date of analysis: February 18th. Link to trading view:

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