Litecoin Price Prediction: LTC/BTC Setup Signals Potential Surge
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According to CRYPTOWZRD's analysis, Litecoin (LTC) shows promising signs despite a recent bearish close. The analyst views this pullback as a normal market cycle, not a weakness. The key focus is the LTC/BTC pair, which exhibits strength and is poised for a rally. Holding above the crucial $100 support level is vital for a bullish breakout, potentially pushing the price towards $109 or higher. CRYPTOWZRD highlights that the daily candles for both Litecoin and LTC/BTC closed lower, but the weekly candles closed strong, suggesting sustained upward pressure. The analyst emphasizes that the market is currently oversold, a condition often preceding strong rebounds. Intraday chart development will be crucial for identifying optimal trading opportunities. A decisive bullish move from the $100 support zone is needed to confirm the breakout. Failure to hold this support could result in extended sideways movement, particularly if Bitcoin lacks directional momentum. CRYPTOWZRD advises patience and discipline, recommending waiting for a clear setup before taking action, focusing on lower time frames to identify favorable entry points. The overall outlook is bullish, contingent on maintaining the $100 support and a sustained upward push from the LTC/BTC pair. Bitcoin's performance will also significantly influence Litecoin's next move.
(Source: https://www.newsbtc.com/news/litecoin/litecoin-heading-for-higher-levels/)
