Litecoin

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/litecoin-shows-remarkable-performance-despite-bitcoins-decline/" data-wpel-link="internal">Litecoin Shows Remarkable Performance Despite Bitcoin’s Decline</a><br></p>
<p style="text-align: justify">In the <a href="https://en.coin-turk.com/predictions-surge-for-2024-crypto-market-set-for-major-milestones/" data-wpel-link="internal">cryptocurrency market</a>, as <strong>Bitcoin</strong> loses value, altcoins also exhibit similar price movements. Today, Bitcoin experienced a decline of approximately 1%, trading around $59,120. This level in BTC is interpreted as a sign of increasing selling pressure in the market. However, despite the negative outlook, Litecoin (<strong>LTC</strong>) recorded a notable performance with a 4.89% increase during the day, making it one of the top gainers of the day.</p> 
<h2 style="text-align: justify" id="should-you-invest-in-litecoin">Should You Invest in Litecoin?</h2> 
<p style="text-align: justify">Litecoin’s sudden rise brings up the question among <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>, “Is now the right time to invest in <strong>Litecoin</strong>?” Can Litecoin sustain this rise, or is it just a short-term fluctuation?</p> 
<p>&nbsp;</p> 
<p style="text-align: justify">Litecoin’s price has corrected by 2.32% in the past week and by 8.01% in the last month. Since the beginning of the year, Litecoin has experienced a 9.87% loss, with a market value of $4.938 billion, ranking 19th among cryptocurrencies. Despite the negative performance, Litecoin’s intraday price movement indicates the potential to test a significant resistance level.</p> 
<h2 style="text-align: justify" id="litecoin-technical-analysis">Litecoin Technical Analysis</h2> 
<p style="text-align: justify">Technical analyses show that the 50-day EMA (Exponential Moving Average) indicator has been a strong resistance point for Litecoin since June. The resistance point indicates that Litecoin is still under strong selling pressure in the general market. However, a sharp rise in the Relative Strength Index (RSI) is noteworthy and is considered a signal that buying pressure in the market may increase.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-384643 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/litecoin-ltc-.png" alt="" width="1711" height="866"></p> 
<p style="text-align: justify">If Litecoin maintains its current momentum, it is expected to test the resistance level at $67.40 in the coming days. If it succeeds in surpassing this level, Litecoin could rise to $78.80. However, if a selling wave starts in the market, there is a risk that Litecoin’s price could retreat to the critical support level at $55.75.</p> 
<p style="text-align: justify">Since Litecoin is currently at a critical point, investors should closely watch how this altcoin’s price movement unfolds in the coming days. Whether the rise will continue or a correction will occur depends on the general market dynamics and the buy-sell decisions of investors. It is especially beneficial to monitor any sharp movements in Bitcoin.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/litecoin-shows-remarkable-performance-despite-bitcoins-decline/" data-wpel-link="internal">Litecoin Shows Remarkable Performance Despite Bitcoin’s Decline</a></h5>
<p>The post <a href="https://en.coin-turk.com/litecoin-shows-remarkable-performance-despite-bitcoins-decline/" data-wpel-link="internal">Litecoin Shows Remarkable Performance Despite Bitcoin’s Decline</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Litecoin Shows Remarkable Performance Despite Bitcoin’s Decline

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