Cryptopolitan
2021-08-16 11:18:03

Litecoin Price Analysis: LTC breaks previous high, targets $200 next?

TL;DR Breakdown Litecoin price analysis indicates further upside to be seen today.LTC/USD consolidated around $180 overnight.Higher low and support established at $176. Litecoin price analysis is bullish for today as we can see bulls pushing higher today after a consolidation yesterday. Therefore, we expect LTC/USD to target the $200 mark next. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market trades with bullish momentum over the last 24 hours. Market leader, Bitcoin is up by 3.4 percent, while Ethereum 4.4 percent. Solana (SOL) is among the best performers, with a gain of 32.6 percent. Litecoin price movement in the last 24 hours: Litecoin starts to rally again LTC/USD traded in a range of $175.61 – $187.68, indicating strong volatility over the last 24 hours. Trading volume has remained unchanged and totals around $2.37 billion, while the total market capitalization trades around $12.5 billion, ranking the cryptocurrency in 14th place overall. LTC/USD 4-hour chart: LTC targets $200 next? On the 4-hour chart, we can see the Litecoin price moving away from the $180 mark as bulls are ready for another push higher. LTC/USD 4-hour chart. Source: TradingView Litecoin has gained more than 75 percent since establishing a swing high around $105 on the 20th of July. Several higher highs and lows along the 100 hour moving average blue line have been set, indicating strong bullish momentum. Additionally, LTC...

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