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<p>The post <a href="https://coinpedia.org/price-analysis/ltc-price-analysis-will-litecoin-ltc-rebound-after-recent-correction/">LTC Price Analysis: Will Litecoin (LTC) Rebound After Recent Correction?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p><a href="https://markets.coinpedia.org/bitcoin/">Litecoin (LTC)</a>, one of the leading cryptocurrencies in the market, has experienced a notable correction in its price recently. <a href="https://coinpedia.org/news/why-past-bitcoin-halvings-may-not-predict-future-prices-goldmans-warns/">Despite Bitcoin experiencing</a> downward pressure, LTC avoided establishing a new low, indicating its relative strength in the market.&nbsp;</p> 
<p>Analyzing the market dynamics, Matthew Dixon, CEO of Evai suggests that LTC may be poised for a rebound, highlighting its resilience compared to other digital assets.</p> 
<h2 class="wp-block-heading" id="h-litecoin-s-market-performance">Litecoin’s Market Performance</h2> 
<p>Matthew Dixon recently highlighted Litecoin’s ability to hold up better than <a href="https://markets.coinpedia.org/bitcoin/">Bitcoin</a> during market fluctuations, indicating its potential for stability and strength. Analysts believe that <a href="https://coinpedia.org/price-analysis/litecoin-ltc-price-on-the-cusp-of-200-rally-towards-ath-after-5-years-of-consolidation/">Litecoin’s correction phase</a> ended earlier than Bitcoin’s, suggesting a possible upward trend soon.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/LTC?src=hash&amp;ref_src=twsrc%5Etfw">#LTC</a> has really performed according to expectation as mentioned in earlier posts where <a href="https://twitter.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LTC</a> did not reach a newer low when <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> did. This was expected as <a href="https://twitter.com/hashtag/Litecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Litecoin</a> completed it correction earlier and hopefully will now push higher. <a href="https://t.co/dEGJ3fKWmR">pic.twitter.com/dEGJ3fKWmR</a></p>— Matthew Dixon – CEO Evai (@mdtrade) <a href="https://twitter.com/mdtrade/status/1780816360257278294?ref_src=twsrc%5Etfw">April 18, 2024</a>
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<p><strong>Strategic Correction:</strong> Dixon notes that Litecoin finished correcting before Bitcoin did, which could mean that Litecoin is ready for a rise compared to Bitcoin’s movement.</p> 
<p><strong>Absence of New Lows:</strong> Notably, LTC did not establish a new low even as BTC faced significant downward pressure. This divergence highlights Litecoin’s resilience and potential for further gains in the near term.</p> 
<p>Also Read : <a href="https://coinpedia.org/price-analysis/litecoin-simple-price-analysis-ltc-price-preparing-for-a-fresh-upswing-to-reclaim-100/">Litecoin Simple Price Analysis: LTC Price Preparing for a Fresh Upswing to Reclaim $100</a></p> 
<h2 class="wp-block-heading" id="h-litecoin-price-analysis">Litecoin Price Analysis</h2> 
<p>The price of LTC recently broke below key support levels, signaling a shift to a bearish trend. After testing the $75 zone, it made a recovery attempt, surpassing the $80 resistance. However, selling pressure intensified near the $85 mark, leading to LTC trading below $82 and the 55 simple moving average (4 hours).</p> 
<p>Currently, <a href="https://coinpedia.org/price-prediction/ltc-litecoin-price-prediction/">LTC faces immediate</a> resistance around $82.70, followed by a significant barrier at $87.50, identified by a bearish trend line on the 4-hour chart. Breaking above $90 could propel LTC toward $98, with further resistance at $100.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Litecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Litecoin</a> is at $79 right now<br><br>while ppl chase a 7% return in the stock market<br><br>LTC hits $370+ every cycle<br><br>and it spends plenty of time around $100<br><br>thats a 21% return at only $100 LTC<br><br>lulzzzzz<br><br>imagine the young generation out here investing in stocks<br><br>are u fucking stupid… <a href="https://t.co/WR9RhNBlQL">pic.twitter.com/WR9RhNBlQL</a></p>— Crash (@CrashiusClay69) <a href="https://twitter.com/CrashiusClay69/status/1780455027074531816?ref_src=twsrc%5Etfw">April 17, 2024</a>
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<p>On the downside, support is seen near $75.80, followed by a key level at $70. A breach below $70 might lead to a further decline towards $60 in the short term.</p> 
<p>Read More : <a href="https://coinpedia.org/price-analysis/what-will-happen-if-the-bitcoin-price-drops-below-58k/">What Will Happen if the Bitcoin Price Drops Below $58k?</a></p> 
<p>As of now, Litecoin is <a href="https://markets.coinpedia.org/litecoin/">trading at $80.05</a>, reflecting a 1.5% increase over the past 24 hours. The trading volume stands at $458 million, accompanied by a market capitalization of $5.95 billion.</p>

LTC Price Analysis: Will Litecoin (LTC) Rebound After Recent Correction?

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