Based

bullish

2024

Litecoin

Billion

<a href="https://www.thecoinrepublic.com/price-prediction/litecoin/">Litecoin</a> (LTC), the 19th largest crypto globally by market cap, has seen a surge in price. With the rise, the market cap reached the $4.9 Billion mark. 
Its spot trading volume of the past 24 hours showcased 40% growth, signifying growing activity, which amounted to $410.08 Million. The Volume/ market cap of 24 hours displayed increased liquidity, and the ratio reached 8.09%. 
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 Interesting times, over at <a href="https://twitter.com/Grayscale?ref_src=twsrc%5Etfw">@Grayscale</a> <a href="https://twitter.com/search?q=%24LTCN&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LTCN</a><a href="https://twitter.com/hashtag/IYKYK?src=hash&amp;ref_src=twsrc%5Etfw">#IYKYK</a> <a href="https://twitter.com/hashtag/Litecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Litecoin</a> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LTC</a> <a href="https://twitter.com/hashtag/WednesdayWisdom?src=hash&amp;ref_src=twsrc%5Etfw">#WednesdayWisdom</a> <a href="https://t.co/5xGU6vC1TV">pic.twitter.com/5xGU6vC1TV</a>— Litecoin (@litecoin) <a href="https://twitter.com/litecoin/status/1823857138889847242?ref_src=twsrc%5Etfw">August 14, 2024</a>
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Litecoin recently showcased growth in Grayscale Investments Holdings, with a high of 1.84 Million. The heightened interest in Grayscale has influenced the interests of many, and its price is evidence of its influential surge. 
Additionally, per the on-chain research website IXFI, the active addresses in Litecoin have surged from 327.72K to 434.75K in a single day. This signifies increasing trading and investing activities in the asset. 
<h2 class="wp-block-heading" id="h-is-ltc-poised-for-a-4x-run-before-2024-end-nbsp">Is LTC Poised For a 4x Run Before 2024 End?&nbsp;</h2> 
Litecoin has built a descending triangle, precisely a bullish pattern on the weekly chart. The resistance was present from 2021, as illustrated on the chart via an orange trendline facing downward. The support of the $50 level showcased its presence from 2018. 
<a href="https://www.thecoinrepublic.com/price-prediction/litecoin/">LTC </a>was in a downtrend. After the big move in 2021, it marked the $413.91 high, and the downtrend hit hard. From 2022, the bearish trend was confirmed as price activity was under 50-period EMA and 200-period EMA bands on the weekly chart. 
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 <img loading="lazy" decoding="async" width="1024" height="548" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-175-1024x548.png" alt="LTC 1.W. | Source: TradingView" class="wp-image-667081" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-175-1024x548.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-175-300x160.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-175-768x411.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-175-1536x822.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-175-150x80.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-175-696x372.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-175-1068x571.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-175.png 1563w" sizes="(max-width: 1024px) 100vw, 1024px">
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 LTC 1.W. | Source: TradingView
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Over the weekly built structure, long-term targets can be achieved. This can happen if a breakout prevails after the successful change of character (CHoCH) of the $109 level.&nbsp;&nbsp; 
Based on the Fibonacci retracement tool, the targets could be at $210, $280, and $360, respectively. 
<h2 class="wp-block-heading" id="h-where-is-ltc-headed-in-the-short-term">Where is LTC Headed in the Short-Term?</h2> 
Over the daily chart, the price has built a yearly high of $112 by April 1st, 2024. The price of LTC fell, which formed a support this month at a historically proven support zone of $50. It dipped as low as $49.90 by August 5th. 
In the last two weeks, processed LTC prices have increased by more than 32%. It traded at $65.48, with intraday growth of nearly 4%. The price has launched a projectile toward the long-coming down dynamic trendline and seems poised to pierce the EMA bands from below.&nbsp; 
Similarly, as observed by other oscillators on the daily chart, it’s evident that the price seeks more growth. MACD showed a bullish cross, where the histogram was at 0.71, and the RSI curve took support on 14-SMA at 50.98. 
In the daily chart, confirmation could be achieved for further propulsion in price. This is based on the sustenance developed above the CHoCH level of $74. 
Over the daily structure, short-term targets can be achieved if a breakout prevails. Based on the Fibonacci retracement tool, the targets could be $115, $145, and $176, respectively. 
The post <a href="https://www.thecoinrepublic.com/2024/08/16/litecoin-ltc-price-soars-bullish-patterns-hint-at-4x/">Litecoin (LTC) Price Soars: Bullish Patterns Hint At 4x?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.

Litecoin (LTC) Price Soars: Bullish Patterns Hint At 4x?

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