Reserve

HODL

Litecoin

Bank AI

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/litecoins-surge-will-it-hit-100-soon/" data-wpel-link="internal">Litecoin’s Surge: Will It Hit $100 Soon?</a> 
<a href="https://coin-turk.com/unlu-analist-poppe-hedef-200-dolar-sadece-30-gun-kaldi" data-wpel-link="internal">Litecoin</a> (LTC) joined the rest of the market in the last 24 hours with a visible price increase. This price movement happened as the cryptocurrency was preparing to break through a significant resistance area. Consequently, there is speculation in the market about whether LTC will soon reach its all-time high. 
<h2 style="text-align: justify" id="will-litecoin-ltc-continue-to-rise">Will Litecoin (LTC) Continue to Rise?</h2> 
Recent data shows that LTC has broken the $78 resistance level. Following this breakthrough, comments suggest the start of a bull rally. After this development, the price surged over 8% in just the last 24 hours, delighting investors. 
According to data provided by CoinMarketCap, Litecoin has a market value of over $6.7 billion and is trading at $91.36 at the time of writing. The recent price increase has also had a positive impact on the cryptocurrency’s social metrics. 
For example, there was a clear increase in LTC’s social volume, indicating a reflection of its popularity in the crypto space. Additionally, LTC’s weighted sentiment was also positive, which could be interpreted as a recent rise in bullish sentiment around the cryptocurrency. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-322137" src="https://coin-turk.com/wp-content/uploads/2024/03/100-baslik-lite-coin-turk-com.jpg" alt="" width="701" height="237"> 
<h2 style="text-align: justify" id="will-litecoin-hit-100">Will Litecoin Hit $100?</h2> 
As Litecoin has surpassed the $90 level and even broken the resistance there, investors may expect LTC to reach $100 soon. A closer look at LTC’s situation can be taken to comment on whether this will happen. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-322138" src="https://coin-turk.com/wp-content/uploads/2024/03/100-dolar-coin-turk-com.jpg" alt="" width="698" height="394"> 
Glassnode shared an analysis containing noteworthy details. One of these was the control of Litecoin’s reserve risk. For starters, Reserve Risk is referred to as price / HODL Bank and is used to demonstrate the confidence of long-term LTC holders in the local token’s price at any given time. 
At the time of writing, LTC’s reserve risk appeared low and was at a level that previously resulted in a bull rally in 2015, leading to an all-time high. If history repeats itself, investors could see LTC reaching the $100 level in a short time. 
While all this was happening, there was also a noticeable increase in LTC’s market volume. The market volume rose over 7%, approaching the $7 billion mark. Nevertheless, the price still seems far from its all-time high of over $400. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/litecoins-surge-will-it-hit-100-soon/" data-wpel-link="internal">Litecoin’s Surge: Will It Hit $100 Soon?</a></h5>

Litecoin’s Surge: Will It Hit $100 Soon?

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