Sirwin
Sirwin
LTC

Confidence in LTC market

By chrisknsts | Economaniac | 20 Nov 2020


Hi again,

My second thought is about LTC coin depending on the tranding markets. Markets have the power to fluctuate cryptomarket with great efficiency. The confidence has a big impact on the price. So, i make a review in the market confidence of LTC. . Fig.1 shows that a big percentages of the whole market has a strong confidence about price.

 

Confidence of whole LTC Market

As we can see in main sites about variations and markets in cryptocurrency (i.e. https://coinmarketcap.com/currencies/litecoin/markets/), the confidence has an uptrend. Resistances will break easily as before. Next price after 85$ will be 87.3$, 89.4$, 92.8$, 94.8$, 97.5$ and so on if we evaluate from the prospective of markets. 

The second scenario has maximun peak at 86-89$ and exponential falling will catch a price around 80-82$ and keep the downfall trend.

Again, people make the trend and will follow it as usually. 

How do you rate this article?

6


chrisknsts
chrisknsts

Greetings, I enjoy writing about the stock and crypto markets as I have a strong interest in assets. I am a physicist and I base my predictions solely on data. Please note that my views are purely my own and I do not advise following my trends.


Economaniac
Economaniac

This blog provides information on the price fluctuations of the top cryptocurrencies, including market trends and analysis of their price graphs. It aims to give readers an understanding of the cryptocurrency market and the current hot-selling coins. Also,highlights emerging trends in the cryptocurrency market, as well as the impact of major economic and political events on the prices of different tokens. With a focus on providing valuable insights into the ever-changing world of cryptocurrencies

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