Litecoin Breezes Past $64 Level As LTC Picks Up Speed

Christian Encila

2 years ago

2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Litecoin (LTC) price shows an extremely bullish trajectory as it aims to breach the $64.02 mark.

Litecoin immensely bullish as it targets to breach the $64.02 mark.
Support spotted at the $60.87 level.
Price facing hurdles at the $64.32 zone.

On the other hand, LTC is facing hurdles at $64.32 as the bulls’ strong upheaval waned a bit. LTC’s price was at $60.87 early today and has even managed to reach a high of $64.32 with the bulls trying to nudge the prices higher.

LTC price has seen a tremendous boost of more than 3.47% as seen overnight and currently trades along the $64 range. Trading volume has also spiked to as much as $404 million in a 24-hour timeframe.

According to CoinMarketCap, LTC is up by 0.49% and currently trading at $64.38 as of this writing.

Litecoin New Target: $70

On a 4-hour timeframe, LTC price is looking very bullish and registering higher highs and higher lows. More so, LTC was able to break past the channel that it was stuck within the past week. Such breach hints at an optimistic market response and development intensifying the dominance of the bulls.

The LTC/USD pair currently trades above the 50 SMA and also the 200 SMA, indicating that the bulls are now on top of the market.

RSI for Litecoin is spotted at 63.83, implying that the market is sliced in between the overbought and oversold territory. More so, LTC’s MACD is extremely bullish indicating that the bulls are in control of the market as of press time.

LTC price shows that the bullish fervor is still strong in the market and can uptick in the coming days. LTC was able to breeze past the $64.02 and now the $64.32 mark which opens up the next target level set at $70.

On the other hand, the support zone is now spotted at $60.87, and if the bears can push the price below this zone, then that could potentially favor a massive sell-off.

LTC To Enjoy Continuous Steady Pace

LTC price analysis shows that the coin is enjoying an upward and bullish momentum with so much wiggle room for positive market sentiment and activities. More so, the 24-hour chart also shows that the market is also generating more gains.

Now, investors should keep an eye on buying when there are tiny dips in the market because the LTC price is set to go higher in the coming days.

TRON total market cap at $4.35 billion on the daily chart | Source: TradingView.com

Featured image from AMBCrypto, Chart from TradingView.com

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.