Litecoin long-term Price Analysis: 21 November

[sneakyboi]

Litecoin long-term Price Analysis: 21 November

Litecoin’s market has been peaking lately, like most of the altcoin market. In fact, the price of the digital asset rose close to the resistance at $85.10, with the same also re-visiting the price levels last seen in February 2020.

With the cryptocurrency’s price testing the resistance at the current level, a short position could be beneficial for the market’s traders.



Litecoin’s daily charts attached herein noted that the price has been appreciating since October. It met with resistance around the $62.35-level, before pushing through it in November. While the cryptocurrency’s price was strongly positioned at press time, the likelihood of a fall on the charts seemed significant.

Learn more about the analysis here.

[bigcash2011]

If we are going to get same parabolic market like in 2017-18 then definitely litecoin will also be getting new all time high price and new peak price could be over 1000 which will be huge for litecoin and its future.

[Lenipiw]

The amount of investment in the cryptocurrency market will increase. It should be noted that so many traders and various organizations in the market are approving cryptocurrency. Whenever traders around the world get any good news. Then they start investing in cryptocurrencies. Because they see the news and understand that the future of cryptocurrency is good. Similarly, the future of litecoin is good.