Amid ongoing market uncertainty, Litecoin (LTC) is gaining significant attention from enthusiasts due to its impressive performance. Experts provide predictions on potential price developments.
Litecoin Price Prediction
A renowned crypto expert on X highlighted that Litecoin is gaining momentum but remains within a consolidation zone between $96.50 and $140. A breakout and a daily candle closing above $141 could lead to a rally toward $170 and $200.
$23 Million Worth Litecoin Outflow
Data from Coinglass reveals a significant outflow of $28 million LTC within 24 hours, hinting potential accumulation and increased buying pressure.
Major Liquidation Level and Current Price Momentum
Intraday traders are following the bullish trend, with long positions at $120.90 and short ones at $122.30. Litecoin trades near $121.90, showing a 2% increase over the past 24 hours while trading volume has surged by 30%.
The Litecoin market shows noteworthy activity, attracting both short-term and long-term investors. Expert predictions and trader behavior indicate a potential continued upward trend.
