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📈 Price Predictions
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LTC Price Is Close To The Bullish Zone. When To Expect 100% Rise? Traders Know

  • Vera Yurina
    📈 Price Predictions

    Litecoin (LTC) price s approaching the bullish zone, but what might happen to it before another breakout? Read LTC price prediction from TradingView

LTC Price Is Close To The Bullish Zone. When To Expect 100% Rise? Traders Know
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

 

LTC has almost made it to the $100 level, but stumbled and got back to the $50-60 region. It was a dramatic event for traders, but, as usual, it’s not all lost. What to expect from Litecoin in the following days? Will it recover to the $100 region, and how soon? Read a LTC price prediction from one TradingView user.

LTC profit potential in November
Litecoin (LTC) price chart by TradingView

Look at the LTC chart from Faibik. We can see that:

  1. LTC/USD is forming a Falling Wedge Patten,

  2. Indicators are turning bullish but need some volume to break out of the wedge.

  3. All that means that we can get some LTC for midterm and hold it with pretty low risk.

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When to add up to your LTC reserves? Buy Between $48-54 (wait for entry or set buy orders). The stop loss is below $44. Our sell Targets are 70 - 98 – 120. 

Alternatively, you can buy LTC now spending some ten percent of your portfolio & hold it for about 3 months.

Warning: before breakout, Litecoin can make it to the lower bottom. Litecoin's (LTC) price tested the 21 Candle - Moving Average (MA). The levels around $63 and $66 are playing the role of a strong resistance level that will stop the price growth if it reaches them. Colored Zone close to $40 is a strong support level where the price can consolidate.

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About the author

Crypto writer, blockchain geek & Bitcoin holder with a strong belief in the power of cryptocurrency. Veronika combines in-depth analytical approach with creative writing to deliver the texts that both inform and entertain. With hundreds of reviews, SEO articles and marketing texts under the belt, she has experience of working for blockchain Medium channels, Cryptodiffer site and ICOs. Part of U.Today team since 2018, she focuses on crypto price predictions and monitors the market to provide the most relevant info & opinions.

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Bitcoin's Parabolic Uptrend Remains Intact Despite Price Collapse: Tuur Demeester

  • Alex Dovbnya
    📰 News

    Tuur Demeester wants you to buy the dip as Bitcoin touches the support of its parabolic uptrend for the first time since March

Bitcoin's Parabolic Uptrend Remains Intact Despite Price Collapse: Tuur Demeester
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Tuur Demeester of Adamant Capital has just taken to Twitter to calm down Bitcoin enthusiasts who might have been swayed by incredibly bearish sentiment on crypto Twitter. 

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Bitcoin recently dropped to $6,800, its lowest level since early May. However, Demeester apparently sees this as yet another opportunity to buy the dip. He states that top coin's parabolic uptrend that started at the beginning of 2015 hasn't been violated. However, Bitcoin has tapped support for the first time since March when Bitcoin was trading well below $4,000. 

Shortly after printing a huge red candle on the logarithmic chart, the Bitcoin price spiked by 20 percent on Apr. 2, which started the coin's massive run to $13,700. 

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As of now, BTC is down by nearly 50 percent from its yearly high, but this might not be the end of the nightmare for Bitcoin bulls. According to trading exert Josh Rager, the crypto king could plunge below the $7,000 level again after a fakeout to the $7,500 range. 

Gold bug Peter Schiff recently predicted that BTC could collapse to $10,000 level after competing the head-and-shoulders pattern.  

At the time of writing, BTC is sitting $7,313, CoinStats data shows. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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