According to the results of voting of users of the Whitebit exchange today we make a global forecast for the cryptocurrency LTC. Litecoin is one of the oldest and 5-6 years ago one of the most popular cryptocurrencies. LTC was called silver, after the golden Bitcoin
First, let’s look at the global chart on the weekly time frame.
The trend line from 2019 kept the LTCUSD price above itself.
We can also assume that a pattern “Cup with a handle” is formed on the chart to continue the global growth trend
The medium-term growth target is $135, the long-term goal, according to this pattern, is $400+
The LTCBTC chart gives hope for a rebound
The LTCBTC chart clearly shows a stable downward trend since the beginning of 2018.
However, last week’s candle gives a ray of hope – its wild growth has blocked the previous 5 weeks of decline.
After a small correction, we can expect 50% growth within the channel, or 140% growth to the first strong liquidity level.
If you look at the chart LTCUSDT on the day time frame, the first thing that catches your eye – decent trade volumes on the price low.
Local liquidity zone, where you can place a grid to buy $45-50.
And then patience in anticipation of the first goal from above $130-135
In the history of trading of the pair LTCUSD there is already a tradition that the Litecoin price grows well every 2 years: 2015, 2017, 2019, 2021 … soon 2023)