• About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
Saturday, September 30, 2023
  • Login
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Litecoin
    • Ripple
    • Altcoin
    • Stablecoin
    • Press Release
  • Blockchain
  • Business
  • Market Analysis
  • Live Price
  • ICO News
  • Regulation
  • Guide
  • Trading
No Result
View All Result
Crypto Reception
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Litecoin
    • Ripple
    • Altcoin
    • Stablecoin
    • Press Release
  • Blockchain
  • Business
  • Market Analysis
  • Live Price
  • ICO News
  • Regulation
  • Guide
  • Trading
No Result
View All Result
Crypto Reception
No Result
View All Result
Home Litecoin

LTC price soars by 35% this week: Is Litecoin a good investment?

November 23, 2022
in Litecoin
Reading Time: 5 mins read
0
Litecoin price could dip lower as the broader crypto market underperforms
Share on FacebookShare on TwitterShare on RedditShare on Whatsapp


LTC has been one of the best performers in the last seven days and could be set for more rallies over the coming hours and days.

The cryptocurrency market is slowly recovering from its recent slump, and Litecoin is leading the way. LTC, the native coin of the Litecoin blockchain, is the best performer amongst the top 20 cryptocurrencies by market cap.

Related articles

Litecoin price prediction: LTC to dip below $60; QUBE to observe a 6,000% surge

Litecoin price prediction: LTC to dip below $60; QUBE to observe a 6,000% surge

September 24, 2023
Avalanche Drops, Litecoin Faces Resistance, Borroe.Finance Passes $1.1 Million

Avalanche Drops, Litecoin Faces Resistance, Borroe.Finance Passes $1.1 Million

September 23, 2023

At press time, the price of Litecoin is $78.90 and could rally toward the $90 resistance level over the next few hours or days. 

What is driving Litecoin’s price higher today?

LTC has been rallying over the last few days despite the poor performance of the broader crypto market. The rally began a few days ago after it was revealed that the next Litecoin halving event will take place on August 3rd, 2023. 

The Litecoin halving is similar to the Bitcoin halving event, where the reward issued to miners for unlocking blocks on a network is reduced by 50% after every four years. 

The Litecoin community is already counting down to the halving event, which would see the block reward reduce from 12.5 LTC coins to 6.25 coins per block post-halving. 

LTC is up by more than 35% in the last seven days and could be set for higher gains soon. 

What’s the outlook for the Litecoin price?

Litecoin could rally higher over the next few hours and days. Its positive performance comes as the broader crypto market recovers from its recent slump, giving Litecoin a boost.

If the bullish momentum is maintained, Litecoin could rally toward the $90 resistance level over the next few hours or days. A move above $100 is still possible in the event of an extended bullish run. It would be the first time LTC is trading above $100 since June 2022. 

Litecoin technical analysis

The LTC/USD 4-hour chart is bullish, as Litecoin has been performing well over the last 24 hours. The technical indicators show that Litecoin is outperforming the broader crypto market.

The MACD line is above the neutral zone, indicating bullish momentum. The 14-day RSI of 73 shows that LTC could soon enter the overbought region if the positive momentum is maintained.

If the rally continues, LTC could surge past the first major resistance level at $89 before the end of the day. In the event of an extended positive performance, LTC could move past the $100 psychological level for the first time in nearly six months. 

How to buy Litecoin?

Follow these simple steps to buy Litecoin:

Step 1: Open an eToro account: 

Visit the official eToro website and open an account within a few minutes. 

Step 2: Fund your account:

Fund the newly-opened eToro account with your local fiat currency. You can deposit as much as you desire. 

Step 3: Start trading Litecoin:

You can immediately start trading Litecoin against a host of other cryptocurrencies like Bitcoin or against fiat currencies like the GBP or USD.

Where to buy Litecoin now

Plus500

Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)


Buy LTC with Plus500 today

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in.

It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest.

eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.


Buy LTC with eToro today


Share this article

Categories

Tags



Source link

Share1Tweet1ShareSend

Related Posts

Litecoin price prediction: LTC to dip below $60; QUBE to observe a 6,000% surge

Litecoin price prediction: LTC to dip below $60; QUBE to observe a 6,000% surge

September 24, 2023
0

A whirlwind of price fluctuations, breakthroughs, and transformative developments shape the crypto landscape. One such development has been the...

Avalanche Drops, Litecoin Faces Resistance, Borroe.Finance Passes $1.1 Million

Avalanche Drops, Litecoin Faces Resistance, Borroe.Finance Passes $1.1 Million

September 23, 2023
0

Avalanche’s ($AVAX) market performance succumbs to bearish pressure, leaving its holders in panic. Elsewhere, Litecoin’s rising popularity on Bitpay...

Litecoin eyes the $70 mark as Chancer’s stage two presale nears $2m

Litecoin eyes the $70 mark as Chancer’s stage two presale nears $2m

September 19, 2023
0

Key takeaways Litecoin is one of the best performers among the top 20 cryptocurrencies by market cap over the...

LTC, ARB and MATIC price outlook amid US debt limit deal

Litecoin price death cross points to more downside ahead of US CPI data

September 11, 2023
0

Litecoin price formed a death cross pattern on August 17th. LTC and other coins are suffering from weak fundamentals....

Litecoin price prediction: here's why LTC could explode

Litecoin price outlook darkens as US dollar index (DXY) soars

September 5, 2023
0

The US dollar index jumped to the highest level in five months. The rally happened as the US economic...

Load More
  • Trending
  • Comments
  • Latest
Cryptanalysis project Toon Finance Coin will bring larger returns than DOGE & SHIBA INU in 2023 | NewsBTC

Cryptanalysis project Toon Finance Coin will bring larger returns than DOGE & SHIBA INU in 2023 | NewsBTC

December 17, 2022
Crypto Academy CEO Granit Mustafa: blockchain will “redefine digital finance”

Crypto Academy CEO Granit Mustafa: blockchain will “redefine digital finance”

September 23, 2022
Crypto inflows

Exchange Inflows Ramp Up As Crypto Investors Clamor To Exit Market

June 14, 2022
Twitter Begins Massive Layoffs — Elon Musk Says 'No Choice' Citing $4M Loss per Day

Twitter Begins Mass Layoffs — Elon Musk Says ‘No Choice’ Citing $4M Loss per Day – Featured Bitcoin News

November 6, 2022
robert kiyosaki bitcoin

Robert Kiyosaki Teases Bitcoin (BTC) as Solution to Hyperinflation

0
Floyd Mayweather – Boxing Champion Promoted an ICO

Floyd Mayweather – Boxing Champion Promoted an ICO

0
Cannabis Industry Going Crypto | CryptoPost

Cannabis Industry Going Crypto | CryptoPost

0

Why South Korea Decided To Ban ICOs?

0
robert kiyosaki bitcoin

Robert Kiyosaki Teases Bitcoin (BTC) as Solution to Hyperinflation

September 30, 2023
Ether Futures

FTX Exploiter Transfers 5,000 ETH Ahead of Ether Futures ETF Launch

September 30, 2023
bsv

Ager-Hanssen Exits nChain, Ignites ‘Faketoshi’ Claims Against Wright

September 30, 2023
Ethereum

Ethereum ETF: Valkyrie Halts Purchase Of ETH Futures Contracts

September 30, 2023

Recommended

Morgan Stanley Predicts Over 15% Bitcoin Price Rally

Morgan Stanley Predicts Over 15% Bitcoin (BTC) Price Rally

October 17, 2022
Sanctioned Russia, Iran May Turn to Crypto Mining to Monetize Energy, IMF Says

Sanctioned Russia, Iran May Turn to Crypto Mining to Monetize Energy, IMF Says – Mining Bitcoin News

April 20, 2022
Binance US Adds Staking Services for 7 Different Crypto Assets – Bitcoin News

Binance US Adds Staking Services for 7 Different Crypto Assets – Bitcoin News

June 8, 2022
This Bitcoin HODLer Metric Has Just Flipped Green For The First Time In 8 Months - Here

Ethereum ‘Flippening’ Bitcoin Will Place Solana, Cardano At The Center Of The Crypto Market — Here’s Why

December 6, 2021

Recent News

robert kiyosaki bitcoin

Robert Kiyosaki Teases Bitcoin (BTC) as Solution to Hyperinflation

September 30, 2023
Ether Futures

FTX Exploiter Transfers 5,000 ETH Ahead of Ether Futures ETF Launch

September 30, 2023

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Business
  • Ethereum
  • Guide
  • ICO News
  • Litecoin
  • Market Analysis
  • Press Release
  • Regulation
  • Ripple
  • Stablecoin
  • Trading
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions

CryptoReception © 2021 All rights reserved

No Result
View All Result
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Litecoin
    • Ripple
    • Altcoin
    • Stablecoin
    • Press Release
  • Blockchain
  • Business
  • Market Analysis
  • Live Price
  • ICO News
  • Regulation
  • Guide
  • Trading

CryptoReception © 2021 All rights reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.