{"id":6002,"date":"2022-01-26T11:57:00","date_gmt":"2022-01-26T11:57:00","guid":{"rendered":"http:\/\/egrowonline.com\/?p=6002"},"modified":"2022-01-26T11:57:00","modified_gmt":"2022-01-26T11:57:00","slug":"here-is-why-litecoin-ltc-could-drop-to-95-despite-a-bullish-run-in-todays-trading-session","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=6002","title":{"rendered":"Here is why Litecoin (LTC) could drop to $95 despite a bullish run in today\u2019s trading session"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><a target=\"_blank\" href=\"https:\/\/coinjournal.net\/litecoin\/buy\/\" rel=\"noopener noreferrer\"><u>Litecoin (LTC<\/u><\/a>) has started today\u2019s trading session on the green. After seeing a slump over the past few weeks, the coin appears to be rallying. But despite this, Litecoin (LTC) still remains highly volatile, and it could slide back to $95 in the near term. Here are some highlights though:<\/p>\n<ul>\n<li>At the time of writing, Litecoin (LTC) was trading at $107.77, up by about 5% in 24-hour intraday trading.<\/li>\n<li>The coin appears on course to retest its overhead resistance of $112 in the coming days.<\/li>\n<li>However, other indicators suggest that Litecoin (LTC) could fall back to $95 before it rallies again.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/media.igms.io\/2022\/00\/25\/1643147107361-26ab494b-eec0-496e-8a6a-444657f1a8a9.png\" style=\"width: 600px\" class=\"fr-fic fr-dib\" \/><em>Data Source: Tradingview.com\u00a0<\/em><\/p>\n<h2>Litecoin (LTC) \u2013 Price predictions<\/h2>\n<p>For the most part of 2022, Litecoin (LTC) has been in the bear market. But despite this, the token did manage to hit highs of $152 this year in an unusually strange bullish surge.\u00a0<\/p>\n<p>As it turned out, this was a short-lived run because we have seen a consistent decline. Litecoin (LTC) is now trading at $107, up about 5% in 24 hours. We see the token retesting the $112 resistance, but it is highly unlikely it will break that.\u00a0<\/p>\n<p>As a result, more downward pressure is coming, something that will push it back to its $95 support. Besides, sentiment in the crypto market remains very sluggish even though it has slightly improved over the last few days.<\/p>\n<h2>Should you buy Litecoin (LTC)<\/h2>\n<p>The big answer is Yes. Litecoin is one of the most notable tokens out there with incredible fundamentals. It has also shown great consistency in terms of growth.\u00a0<\/p>\n<p>So, for folks who want decent coins for long-term value, Litecoin (LTC) will always be top of the list. But recent bear pressure has wiped out a lot of value here. With the price action expected to swing further down, it would be best to wait a few days before getting in.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/here-is-why-litecoin-ltc-could-drop-to-95-despite-a-bullish-run-in-todays-trading-session\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Litecoin (LTC) has started today\u2019s trading session on the green. After seeing a slump over the past few weeks, the coin appears to be rallying. But despite this, Litecoin (LTC) still remains highly volatile, and it could slide back to $95 in the near term. Here are some highlights though: At the time of writing, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6003,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[43],"tags":[359,1371,199,262,472,1867,1690,723],"class_list":["post-6002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-litecoin","tag-bullish","tag-drop","tag-litecoin","tag-ltc","tag-run","tag-session","tag-todays","tag-trading"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/01\/1628499320524-1828b23e-f3fd-434c-b8f1-722e50dd5284.png","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/6002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6002"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/6002\/revisions"}],"predecessor-version":[{"id":6004,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/6002\/revisions\/6004"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/6003"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6002"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}