Technicals Suggest LTC Could Reach $109 Before Its Halving
- Analyst CryptoFaibik pointed out on Twitter today that a falling wedge pattern on LTC’s 1-hour chart is still in play 23 days before the halving.
- At press time, LTC was worth $93.32 after a more than 3% price decrease.
- In addition to the falling wedge on the one-hour chart, a positive trend line was present on LTC’s daily chart.
The crypto analyst CryptoFaibik shared on Twitter earlier today that, on the low timeframe (LTF) chart for Litecoin (LTC), a falling wedge pattern appeared to still be in play. This may result in a significant bullish move if the pattern is validated. Furthermore, the analyst pointed out that the LTC halving event is only 23 days away.
Despite the approaching halving, CoinMarketCap indicated that LTC’s price saw a more than 3% decrease over the past 24 hours of trading. This left the altcoin trading hands at $93.32 at press time. As a result, LTC was trading just above its daily low of $93.20.
LTC’s 24-hour loss a…
The post Technicals Suggest LTC Could Reach $109 Before Its Halving appeared first on Coin Edition.
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Why Today’s SEC Ruling on Litecoin ETF Could Spark Major LTC Move
Technicals Suggest LTC Could Reach $109 Before Its Halving
- Analyst CryptoFaibik pointed out on Twitter today that a falling wedge pattern on LTC’s 1-hour chart is still in play 23 days before the halving.
- At press time, LTC was worth $93.32 after a more than 3% price decrease.
- In addition to the falling wedge on the one-hour chart, a positive trend line was present on LTC’s daily chart.
The crypto analyst CryptoFaibik shared on Twitter earlier today that, on the low timeframe (LTF) chart for Litecoin (LTC), a falling wedge pattern appeared to still be in play. This may result in a significant bullish move if the pattern is validated. Furthermore, the analyst pointed out that the LTC halving event is only 23 days away.
Despite the approaching halving, CoinMarketCap indicated that LTC’s price saw a more than 3% decrease over the past 24 hours of trading. This left the altcoin trading hands at $93.32 at press time. As a result, LTC was trading just above its daily low of $93.20.
LTC’s 24-hour loss a…
The post Technicals Suggest LTC Could Reach $109 Before Its Halving appeared first on Coin Edition.
Read More