Litecoin Up 105% in 5 Months, LTC Buyers Target $100
Litecoin prices are up 105 percent from June 2022 lows as LTC buyers set sight on $100, a psychological reaction line.
Crypto Economy section, we will publish every week the technical price analysis of Bitcoin [BTC], Ethereum [ETH], Ripple [XRP] and other cryptocurrencies.
These analyzes are prepared by our specialists based on the evolution of the markets.
A technical price analysis provides excellent and useful information that can help us know when is the best time to make movements in our investments or when it is not a good time to operate.
But we must not only take this information into account, the monitoring of the prices of a cryptocurrency must be accompanied by an investigation into the latest news related to it.
So we can get an idea about whether the price increase or decrease has occurred due to an event related to the project or if it could be a market manipulation, etc.
Litecoin prices are up 105 percent from June 2022 lows as LTC buyers set sight on $100, a psychological reaction line.
Bitcoin prices are higher, bouncing from November low and trading above the bear flag. BTC resistance remains at $17.5k.
Ethereum prices are up 19 percent, bottoming up. ETH bulls are setting their eyes on $1.35k, triggering demand for the coin.
Ripple prices are down 45 percent from November peaks and XRP could slump to $0.30 in a bear trend continuation pattern.
Bitcoin bulls are confident but prices are up six percent from this week’s lows and inside a bear flag, pointing to weakness.
Ethereum is up six percent in the last trading day though ETHUSDT is within a bear formation. ETH has support at $1.1k.
BNB prices are trading above $250 or the Q3 2022 support line. Overall, prices are bearish and could collapse in sessions ahead.
Bitcoin is down double digits from Q3 2022 and November highs as open interest gradually decrease. Overall, BTC sellers are in charge.
Ethereum is roughly 15 percent up from November lows. All the same, ETHUSDT is bearish and could plunge to new 2022 lows in weeks ahead.
Binance Coin, BNB, is stable when writing but is down 30 percent from November highs. Despite the crypto storm, BNB is firm above $250.
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