Litecoin (LTC) Price Prediction: What’s Next for the Digital Silver?
- Litecoin (LTC) surged over 50% this week after bouncing off local support.
- Crypto analysts expect LTC to break above $150 soon.
- A potential ETF approval is the tailwind behind Litecoin’s recent price surge.
Litecoin (LTC) surged over 50% this week after bouncing off local support around the $90 price region. The cryptocurrency, often called “digital silver,” rallied strongly, sparking predictions of a potential breakthrough above $150 and higher price levels.
LTC whales have embarked on a massive accumulation of the first-generation cryptocurrency, per on-chain data. This buying spree is largely attributed to market speculation surrounding Canary Capital’s potential Litecoin ETF application. Analysts believe this development is fueling optimism and increased activity.
Related: SEC Responds to Litecoin ETF Filing as Market Eyes Approval
Litecoin’s Recent Price Performance
In the meantime, TradingView’s data show that Litecoin has surged over 13% in the early hours of today’s trading session, signaling a sustained momentum in the current rally. LTC traded for $139.92 at the time of writing, marking only the second time the cryptocurrency has …
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Litecoin (LTC) Price Prediction: What’s Next for the Digital Silver?
- Litecoin (LTC) surged over 50% this week after bouncing off local support.
- Crypto analysts expect LTC to break above $150 soon.
- A potential ETF approval is the tailwind behind Litecoin’s recent price surge.
Litecoin (LTC) surged over 50% this week after bouncing off local support around the $90 price region. The cryptocurrency, often called “digital silver,” rallied strongly, sparking predictions of a potential breakthrough above $150 and higher price levels.
LTC whales have embarked on a massive accumulation of the first-generation cryptocurrency, per on-chain data. This buying spree is largely attributed to market speculation surrounding Canary Capital’s potential Litecoin ETF application. Analysts believe this development is fueling optimism and increased activity.
Related: SEC Responds to Litecoin ETF Filing as Market Eyes Approval
Litecoin’s Recent Price Performance
In the meantime, TradingView’s data show that Litecoin has surged over 13% in the early hours of today’s trading session, signaling a sustained momentum in the current rally. LTC traded for $139.92 at the time of writing, marking only the second time the cryptocurrency has …
The post Litecoin (LTC) Price Prediction: What’s Next for the Digital Silver? appeared first on Coin Edition.
Read More