While $XRP and $SOL struggle on the cryptocurrency market, $LTC is showing some triple-digit growth potential
Despite the depressing state of the market, Litecoin's most recent 36% price spike puts it in an interesting position: the asset formed a classic chart pattern called a"double bottom." Peter Brandt himselfIn the best case scenario, Litecoin will reverse after forming the pattern and moving toward previous highs at approximately $300. Such an explosive performance would make LTC one of the most profitable assets on the market with a 200% price increase in a matter of months.
However, it is too early to predict such strong and disruptive development as the digital silver's price is yet to break the local resistance level at approximately the $106 price level. In the last 24 hours, LTC lost more than 3% of its value.
The main reason behind the recovery we saw previously was most likely tied to the general movement of the market, rather than a shift in the sentiment of Solana investors. In the long term, Solana's team has too much to prove and cover to negate the extreme negativity around the project.
It is difficult to predict XRP's next steps as the cryptocurrency will most likely move based on more fundamental factors rather than the recovery or stagnation of the cryptocurrency market. The lack of traction around Ripple's case will most likely cause a prolonged rangebound movement for XRP.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rats allegedly chewed up 200 kilograms of seized cannabisAs the evidence is no longer available, the nibbling nuisances could prevent appropriate sentences from being ordered — via TheGrowthOp
Read more »
Taylor Swift’s ‘Midnights’ Spends Fourth Week at No. 1 on Billboard 200Also in the top 10: Michael Jackson’s ‘Thriller’ returns, Rod Wave debuts & Michael Bublé brings ‘Christmas’ back.
Read more »
Southeast Alaska village of Kake welcomes artifacts — some over 200 years old — back homeAlaska Native artifacts taken from Kake in the early 1900s were brought home from a university in Oregon this month. “When I looked at them, it was like looking at my past and my elders,” said Lincoln Bean, vice chairman for the Organized Village of Kake.
Read more »
USD Index Price Analysis: Extra decline lies below the 200-day SMADXY comes under extra selling pressure and extends the breakdown of the key 106.00 barrier at the beginning of the week. The selling pressure motivate
Read more »
GBP/USD Price Analysis: Bulls await move beyond 200 DMA/ascending channel confluence hurdleGBP/USD Price Analysis: Bulls await move beyond 200 DMA/ascending channel confluence hurdle – by hareshmenghani GBPUSD Technical Analysis Majors Currencies
Read more »
Mitsubishi Ralliart's Triton Rally Truck Makes Victorious Debut At The Asia Cross Country Rally | CarscoopsMitsubishi Ralliart's Triton Rally Truck Makes Victorious Debut At The Asia Cross Country Rally | Carscoops carscoops ⚠️
Read more »