- Michael van de Poppe stated on Twitter that he believes the value of LTC might proceed to rise.
- LTC has gained greater than 2% over the previous 24 hours and is buying and selling at $100.30 on the time of writing.
- If LTC can shut above $97.23 as we speak, the altcoin value might rise to $102.30 within the subsequent few days.
Famend cryptocurrency dealer and analyst Michael van de Poppe stated on Twitter earlier as we speak that he believes “the market is popping for the higher.” Van de Poppe particularly pointed to his bullish view on Litecoin (LTC), revealing that he believes the value of LTC might proceed to rise.
CoinMarketCap confirmed that the value of LTC has risen by about 2.86% within the final 24 hours of buying and selling. This left the cryptocurrency buying and selling hand at $100.30 on the time of writing. In consequence, LTC was additionally buying and selling slightly below the day’s excessive of $100.37.
Nevertheless, with the altcoin nonetheless down greater than 4% over the previous seven days, LTC nonetheless had work to do to get its weekly efficiency again into the black. In the meantime, LTC’s 24-hour buying and selling quantity elevated by greater than 29% over the previous day to about $654,759,673.
Its market cap is $7,366,856,319, that means LTC ranked because the tenth largest cryptocurrency when it comes to market cap. This as soon as once more put LTC in entrance of Tron (TRX) at quantity 11.
LTC managed to interrupt out of key resistance at $97.23 over the previous 24 hours and continues to commerce above a key value level on the time of writing. A breakout of this mark as we speak will flip assist, paving the way in which for the altcoin to rise to $102.30 within the subsequent few days.
If LTC manages to interrupt out of $102.30 subsequent week, it might proceed its rally to $109.72 subsequent week. Nevertheless, merchants and buyers could wish to monitor the constructive trendline that was current on the LTC day by day chart. The road has fashioned following a collection of rising lows that LTC has hit over the previous few weeks.
The best low was set yesterday. Which means LTC might break beneath the pattern line throughout the subsequent 24-48 hours. If this occurs, the altcoin value might drop to $91.01 inside days.
Disclaimer: As with all data shared on this pricing evaluation, views and opinions are shared in good religion. Readers ought to do their very own analysis and due diligence. Readers are strictly accountable for their very own actions. COIN EDITION AND ITS AFFILIATES SHALL NOT BE LIABLE FOR ANY DIRECT OR INDIRECT DAMAGES OR LOSSES.