Post Litecoin Price prediction: Is it a good opportunity to buy LTC now? First appeared in Coinpedia Fintech News
- Litecoin Price has gradually moved to an optimistic escape at Bitcoin price over the last 30 days.
- Expected approval for SPOT Litecoin ETFs in the United States has risen rapidly in demand for institutional investors.
Over the last two days, the rise in Bitcoin (BTC) prices has triggered the surge in altcoin guessing led by Litecoin (LTC). The demand for dangerous password assets has helped to improve the price signal of the LTC, especially after the integration, especially after integration.
According to the latest market data, LTC prices have traded about $ 87.38 on Friday in more than 14 % of the last two weeks.
Mid -term expectations for LTC prices
During the weekly period, LTC Price has respected the log trends established over the past six years. Following the recent recoil, the LTC price is in a position to resume more than $ 359 in the short term.
For leverage password traders, the loss of less than $ 62 and the median goal of about $ 359 represents a loss ratio of 0.42 to 2.9. Intermediate strong feelings for LTC prices are strengthened by the fact that Altcoin has formed high and high height and high since late 2022.
Basic Outlook for Litecoin Network
Litecoin network has been promoted by the increase in demand for institutional investors over the past few years, experiencing significant growth. Some fund managers, led by Coinshares, GrayScale and Canary Capital, are trying to provide Spot LTC ETFs in the United States as soon as possible.
As a result, trading volume, larger than the $ 1 billion of Litecoin networks, has increased $ 533.3 billion over the last seven days. According to Intotheblock’s market data, LTC Price has correlated with BTC over the last 30 days.