Litecoin (LTC) Analysis

Litecoin (LTC) price could be on the verge of noting considerable gains in the coming days following its breakout from the bullish descending triangle reversal pattern.
LTC investors support a rally, given that the cryptocurrency is far below its potential and is a good bet.

Litecoin (LTC) price is trading under a key resistance level, and flipping the same into support could drive LTC to $90.
Investors are also playing their part in making this happen as they are opting to HODL their supply instead of selling for profits.

Litecoin (LTC) price is observing the formation of a bearish pattern in the short-term timeframe that could result in a decline.
LTC holders could prevent this, but given their recent actions, the probability of this happening is less likely.

Litecoin’s (LTC) price looks at recovery following a bearish couple of days, which also validated a 30% decline.
However, how far the potential recovery will take LTC is the question as investors’ participation grows.

Litecoin’s (LTC) price is stuck in a bearish pattern that could halt its ongoing rally and push the altcoin downward.
To make this worse, LTC is currently witnessing no support from its investors, which could extend the losses.

Litecoin (LTC) price seemed to be doing well for itself having reclaimed the $100 level as a support.
But this silver to Bitcoin’s gold will likely make an about-turn, to fall back on the daily chart due to this reason.

Litecoin (LTC) price noted recovery in the last few days following the bearish week in mid-March, which has investors certain of losses.
However, not only has LTC nearly made back the losses, but it is also close to reclaiming $100, which might happen soon.

The Litecoin (LTC) price rose 11% in three days, but is there more room for growth? Technical indicators suggest so. The coin’s RSI remains healthy, indicating there’s still room for bulls to push prices higher.

The Litecoin price (LTC) hit a multi-month high in March after breaking through the $100 barrier. The altcoin, however, could not sustain this rise and ended up correcting 25%.

The Litecoin (LTC) price rise was directly influenced by Bitcoin these last few weeks as the altcoin rose from $68 to crossing $100.
However, this was short-lived, as the cryptocurrency corrected soon after bringing LTC down to $95.

The landscape of Litecoin has witnessed a notable shift since early February, with the trader demographic (those holding for less than a month) expanding their presence from 7.84 million LTC to an impressive 11.13 million LTC.
However, long-term LTC holding decreased during that period.

Litecoin price is experiencing significant growth, yet on-chain data reveals that many metrics remain stable.

The Litecoin (LTC) price bounced at a long-term ascending support trend line and is breaking out from a short-term bullish pattern.
Will Litecoin successfully break out and finally move toward $100, or will it fail to maintain the increase? Let’s find out.