{"id":554946,"date":"2023-10-11T11:30:49","date_gmt":"2023-10-11T11:30:49","guid":{"rendered":"https:\/\/ktsl888.com\/?p=554946"},"modified":"2023-10-11T10:59:40","modified_gmt":"2023-10-11T10:59:40","slug":"analyst-litecoin-price-at-84","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/litecoin\/analyst-litecoin-price-at-84\/","title":{"rendered":"Crypto Analyst Puts Litecoin Price At $84, Here\u2019s The Timeline"},"content":{"rendered":"

Since its third halving event was successfully completed in early August, the Litecoin<\/a> price has fallen off the radar of crypto investors<\/a>. This was mainly due to the price decline that LTC experienced<\/a> after heavy profit-taking from investors who had invested leading up to the price surge triggered by the expectations around the halving. But it seems the tides are finally turning for the coin as one analyst predicts a more than 30% increase in price going forward.<\/p>\n

Litecoin Price Shooting For The Stars<\/h2>\n

The current crypto market headwinds seem to be working in favor of the Litecoin price which one crypto analyst believes<\/a> is gearing up for a run-up to $83. In the post, the pseudonymous analyst identified as P_S_trade points to the possibility of the crypto market continuing its growth trend. However, this would be null and void if the crypto market were to reverse back below $27,000.<\/p>\n

Related Reading: No Love For FTX: Ex-Girlfriend Delivers Scathing Testimony Against Sam Bankman-Fried<\/a><\/div>\n

For Litecoin, the analyst points out that the altcoin<\/a> has usually been the first to start to see an upside in the crypto market. But this has not been the case, as previously mentioned since high levels of profit-taking have affected the LTC price<\/a>.<\/p>\n

\"Litecoin<\/p>\n

LTC chart shows runup to $84 | Source: TradingView.com<\/a><\/pre>\n
Even from the current level, the analyst\u2019s chart points toward a possible retracement from here back down to $55. However, once this is completed, the bounce-off from there shows LTC reaching as high as $77 before succumbing to another correction.<\/p>\n
This decline is also similar to the first instance where it falls to $55 in the fact that it signals another price surge. Following this second correction, the analyst puts the bottom somewhere around $67 before Litecoin<\/a> continues its ascent once more.<\/p>\n
The top of this second rally then lands just above $84 on the chart<\/a>. Although there is no official timeline, the range of trades mentioned by the analyst is the medium term, which could see this run out for a couple of months.<\/p>\n
\"Litecoin<\/p>\n
LTC price holds shakily at $62 | Source: LTCUSD on Tradingview.com<\/a><\/pre>\n
LTC Daily Transactions Continue To Decline<\/h2>\n
While the analyst foresees Litecoin price to surge, other metrics could be pointing in the opposite direction. For one, the daily transaction numbers for the altcoin have been steadily on the decline since the halving event in August.<\/p>\n
Related Reading: Here\u2019s Why The Ethereum Price Fell Toward $1,500<\/a><\/div>\n
According to data<\/a> from BitInfoCharts, the number of daily LTC<\/a> transactions has fallen from over 584,000 in May to just shy of 104,000 transactions by Tuesday, October 10. This points to a lack of interest from investors usually brought on by bear market headwinds.<\/p>\n
Additionally, the daily transaction volumes, as shown by the token tracking website CoinMarketCap, show a 13.26% decline in the daily trading volume of Litecoin<\/a>. These bearish metrics could thwart chances of reversal. However, they could also signal the bottom that triggers the start of another rally.<\/p>\n
Featured image from CoinMarketCap, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Since its third halving event was successfully completed in early August, the Litecoin price has fallen off the radar of crypto investors. This was mainly due to the price decline that LTC experienced after heavy profit-taking from investors who had invested leading up to the price surge triggered by the expectations around the halving. But it seems the tides are finally turning for the coin as one analyst predicts a more than 30% increase in price going forward. Litecoin Price Shooting For The Stars The current crypto market headwinds seem to be working in favor of the Litecoin price which one crypto analyst believes is gearing up for a run-up to $83. In the post, the pseudonymous analyst identified as P_S_trade points to the possibility of the crypto market continuing its growth trend. However, this would be null and void if the crypto market were to reverse back below $27,000. Related Reading: No Love For FTX: Ex-Girlfriend Delivers Scathing Testimony Against Sam Bankman-Fried For Litecoin, the analyst points out that the altcoin has usually been the first to start to see an upside in the crypto market. But this has not been the case, as previously mentioned since high levels of profit-taking have affected the LTC price. LTC chart shows runup to $84 | Source: TradingView.com Even from the current level, the analyst\u2019s chart points toward a possible retracement from here back down to $55. However, once this is completed, the bounce-off from there shows LTC reaching as high as $77 before succumbing to another correction. This decline is also similar to the first instance where it falls to $55 in the fact that it signals another price surge. Following this second correction, the analyst puts the bottom somewhere around $67 before Litecoin continues its ascent once more. The top of this second rally then lands just above $84 on the chart. Although there is no official timeline, the range of trades mentioned by the analyst is the medium term, which could see this run out for a couple of months. LTC price holds shakily at $62 | Source: LTCUSD on Tradingview.com LTC Daily Transactions Continue To Decline While the analyst foresees Litecoin price to surge, other metrics could be pointing in the opposite direction. For one, the daily transaction numbers for the altcoin have been steadily on the decline since the halving event in August. Related Reading: Here\u2019s Why The Ethereum Price Fell Toward $1,500 According to data from BitInfoCharts, the number of daily LTC transactions has fallen from over 584,000 in May to just shy of 104,000 transactions by Tuesday, October 10. This points to a lack of interest from investors usually brought on by bear market headwinds. Additionally, the daily transaction volumes, as shown by the token tracking website CoinMarketCap, show a 13.26% decline in the daily trading volume of Litecoin. These bearish metrics could thwart chances of reversal. However, they could also signal the bottom that triggers the start of another rally. Featured image from CoinMarketCap, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":554956,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16897],"tags":[167,6664,26263,14690,10,2784,2785,15977,2828,89387,2829,89624,2831,79510],"class_list":["post-554946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-litecoin","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-litecoin","tag-litecoin-news","tag-litecoin-price","tag-litecoin-price-prediction","tag-ltc","tag-ltc-news","tag-ltc-price","tag-ltc-price-prediction","tag-ltcusd","tag-ltcusdt"],"acf":[],"yoast_head":"\nCrypto Analyst Puts Litecoin Price At $84, Here\u2019s The Timeline<\/title>\n<meta name=\"description\" content=\"Since its third halving event was successfully 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Analyst Puts Litecoin Price At $84, Here\u2019s The Timeline","url":"http:\/\/ktsl888.com\/news\/litecoin\/analyst-litecoin-price-at-84\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/litecoin\/analyst-litecoin-price-at-84\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/Litecoin-price-bull.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/Litecoin-price-bull.png?fit=860%2C484"},"articleSection":"Litecoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","crypto","crypto analyst","crypto news","litecoin","litecoin news","litecoin price","litecoin price prediction","ltc","ltc news","ltc price","ltc price prediction","ltc\/usd","ltcusdt"],"dateCreated":"2023-10-11T11:30:49Z","datePublished":"2023-10-11T11:30:49Z","dateModified":"2023-10-11T11:30:49Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Analyst Puts Litecoin Price At $84, Here\\u2019s The Timeline\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/litecoin\\\/analyst-litecoin-price-at-84\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/litecoin\\\/analyst-litecoin-price-at-84\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Litecoin-price-bull.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Litecoin-price-bull.png?fit=860%2C484\"},\"articleSection\":\"Litecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"crypto\",\"crypto analyst\",\"crypto news\",\"litecoin\",\"litecoin news\",\"litecoin price\",\"litecoin price prediction\",\"ltc\",\"ltc news\",\"ltc price\",\"ltc price prediction\",\"ltc\\\/usd\",\"ltcusdt\"],\"dateCreated\":\"2023-10-11T11:30:49Z\",\"datePublished\":\"2023-10-11T11:30:49Z\",\"dateModified\":\"2023-10-11T11:30:49Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/Litecoin-price-bull.png?fit=860%2C484","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/554946"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=554946"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/554946\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/554956"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=554946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=554946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=554946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}