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How High Could Litecoin (LTC) Go Before Halvening?

We have seen Bitcoin (BTC)’s parabolic run up but that run up is nothing compared to what Litecoin (LTC) has pulled off in the last few months. For anyone who believes in buying the rumor and selling the news, Litecoin (LTC) was the best investment since the beginning of the year. LTC/USD shot up from $22 and is currently trading around $140. Investors, who bought around the temporary bottom in December, 2018 would have now made more than a six times return on their investment in just a few months! All of this sounds good in hindsight, but the truth...

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Litecoin: Could 2019 Be The End Of LTC?

There are a lot of similarities between Bitcoin and Litecoin. Just like bitcoin can half, so can Litecoin. But even though the altcoin is similar to the leading cryptocurrency, it sports a different block hashing algorithm, quicker block times, and a different overall focus as Litecoin has block rewards reductions built in. You may know that every four years, the amount of LTC issued per block half in an event known as the ‘halving’ or ‘halvening’ - not as daunting as it sounds. This is something that was integrated by the creator of Bitcoin, Satoshi Nakamoto. For what reason you...

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Litecoin (LTC) Storms Past $120, Further Upside Likely

Litecoin (LTC) just stormed past $120, beginning the week in green. The price is up close to 9% for the day and is expected to rally further. The price started to rally soon as it broke past the 38.2% fib retracement level. It can now rally all the way towards $166 if Bitcoin (BTC) remains bullish. We have seen cryptocurrencies like Ethereum (ETH) run into strong downtrend resistance but LTC/USD seems to be in the clear for further upside. We have already seen Litecoin (LTC) rally aggressively before after the price found a temporary bottom in December, 2018. The hype...

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Litecoin (LTC) Might Rally Hard Short Term If Price Breaks Past $120

Litecoin (LTC) has rallied hard the past few months but it might still have ample room for further upside. The weekly chart for LTC/USD shows that the price recovered quickly when it declined this week. We have yet to see it revisit the trend line support but it seems more determined to test higher levels first. If Litecoin (LTC breaks past $120, we could see it rally all the way towards $166. The price will likely top out before it can reach that mark but we might see a retest of the 38.2% fib retracement level from all-time high just...

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Litecoin (LTC) Holds Ground Above 50 Day EMA, But Price Remains Vulnerable

Litecoin (LTC) has done well to defend the 50 day exponential moving average trading against Bitcoin (BTC). For the past seven days, LTC/BTC has remained above this level but now it is running out of room to hold this level. Either it will have to break past the strong trend line resistance of the descending channel or it will have to fall towards the bottom of this channel. So far, considering that LTC/BTC is already heavily overbought as shown by the RSI and Stochastic indicators, the probability of a decline far outweighs the probability of a break out of the...

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