ETF Hopes Propel Litecoin 12% Higher, Bullish Predictions On The Cards

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Actually, the chart shows that for many years, the LTC has traded within the upward channel while often being a signal for a possible break-out.28 Crypto hints that, from the current price perspective, a price upwards of $7,000 could well be within striking distance with long-term projections even going well to the vaunted $10,000 level.#Litecoin $LTC Target: $7000 – $10.000 pic.twitter.com/uNCkM9WmWA — 28 Crypto (@NumberOfWealth) October 16, 2024 He posits that the price may approach the June resistance level of approximately $88, presenting a robust entry opportunity for investors.

Approval might help legitimize Litecoin and facilitate further institutional investment.‘Canary Capital plots Litecoin ETF’ – @Blockworks_ — Litecoin (@litecoin) October 17, 2024 Analytical Optimism Meanwhile, Litecoin’s future prospects are bullish among cryptocurrency analysts.

The open interest in the Litecoin futures market has surged to its highest point in three months, amounting to $258.94 million as of October 16.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaPhilippines

Topics: Etf Litecoin Altcoins Ltc Crypto Cryptocurrency Market News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 17:30:52 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 386 words

Reading Time: 3 minutes read

Sentences: 72 lines

Sentence Length: 6 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 23121520

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