Litecoin (LTC) is a decentralized currency, uncensored and open to everyone. Send low-cost, private, secure and borderless payments to anyone, anytime, anywhere.
recent news
On October 15, 2024, Canary Capital filed an S-1 application with the U.S. Securities and Exchange Commission (SEC) to create a Litecoin exchange-traded fund (ETF). By holding actual Litecoin and tracking its price, this ETF allows both retail and institutional investors to easily access LTC without having to buy and store the cryptocurrency themselves. .
LTCUSD was one of the best performing stocks over the past two days, jumping nearly 15% on a significant increase in volume. It reached a high of $73.01 and is currently trading around $70.95.
On the 4-hour chart, the pair is above the short-term (34-day and 55-day EMA) and long-term 200 EMA ($65.80).
A bearish invalidation could occur if the pair closes above $85. At the lower bound, short-term support is at $60. Closing prices below this target $50/$47/$40.
Immediate resistance is near $77. Any violation of the above will result in a minor setback. It could jump to $85/$98/$112/$134. A surge above $115 (previous year’s high) would take Litecoin to $153.
If TP is $98, it would be a good idea to buy SL at around $50 or $66.
Token Post | (email protected)
