Crypto Analyst Predicts Additional Upward Worth Motion For LTC

• Michael van de Poppe shared on Twitter that he believes LTC’s upward worth motion might proceed.
• LTC’s worth rose by greater than 2% over the previous 24 hours to commerce at $100.30 at press time.
• If LTC can shut at this time above $97.23, the altcoin’s worth might climb to $102.30 within the subsequent few days.

Famend crypto dealer and analyst, Michael van de Poppe, shared on Twitter earlier at this time that he believes the “markets are reversing” in a great way. Van de Poppe particularly identified his bullish ideas relating to Litecoin (LTC), and revealed that he believes LTC’s worth might proceed its upward motion.

CoinMarketCap indicated that LTC noticed its worth rise by about 2.86% over the previous 24 hours of buying and selling. This left the crypto buying and selling arms at $100.30 at press time. In consequence, LTC was buying and selling slightly below its each day excessive of $100.37 as nicely.

Nevertheless, LTC nonetheless had some work to do to tug its weekly efficiency again into the inexperienced because the altcoin remained down by greater than 4% over the previous seven days. In the meantime, LTC’s 24-hour buying and selling quantity stood at round $654,759,673 after it elevated by greater than 29% all through the previous day.

Its market cap of $7,366,856,319 meant that LTC was ranked because the tenth greatest cryptocurrency when it comes to market capitalization. This as soon as once more positioned LTC in entrance of Tron (TRX) within the eleventh place.

LTC was capable of break above the main resistance degree at $97.23 over the previous 24 hours, and continued to commerce above the numerous worth level at press time. A each day shut above this mark at this time will flip it into assist, and can clear a path for the altcoin to climb to $102.30 within the coming few days.

If LTC is ready to break above $102.30 within the coming week, then it could proceed to rise to $109.72 within the following week. Merchants and buyers could wish to monitor the constructive pattern line that was current on LTC’s each day chart, nevertheless. This line had fashioned following a collection of upper lows printed by LTC over the previous few weeks.

The most recent greater low was established yesterday, which implies that LTC should still drop under the pattern line within the subsequent 24-48 hours. Ought to this occur, the altcoin’s worth could fall to $91.01 within the following couple of days.

Disclaimer: The views and opinions, in addition to all the knowledge shared on this worth evaluation, are revealed in good religion. Readers should do their very own analysis and due diligence. Any motion taken by the reader is strictly at their very own threat. Coin Version and its associates won’t be held answerable for any direct or oblique injury or loss.