Litecoin worth prediction – LTC is up 20% this week after MoneyGram assist

Litecoin has been on a notable bullish rally over the previous week after leaping by round 20%. Within the final 24 hours, Litecoin has gained 7.3%, buying and selling at $66.25 on the time of writing.

LTC worth evaluation

Litecoin is bullish at this time, identical to a lot of the broader market. Within the final 24 hours, the broader crypto market has gained by 1.8% to $1.074 trillion. LTC appears to be benefiting from this rally, with the coin outperforming each Bitcoin and Ether.

Litecoin’s buying and selling volumes within the final 24 hours have dropped almost half to $1.63 billion. Nevertheless, these are nonetheless wholesome volumes, and the present bull run may entice speculative merchants into investing within the token, which is able to set off notable positive factors. Within the final 24 hours, LTC has traded between $60 and $66, indicating a spike in volatility.

The Relative Energy Index for Litecoin signifies that the token has seen a spike in shopping for strain. Nevertheless, the RSI has but to succeed in the overbought zone, which lowers the possibilities of a worth reversal.

If LTC can proceed with this rally, the value will doubtless break the subsequent barrier of $72, after which a rally to $100 may very well be fashioned. LTC, like a lot of the cryptocurrency market, has been affected by this 12 months’s bear market and plunged 68% year-to-date.

Constructive developments on Litecoin

One of many elements driving Litecoin’s positive factors is the announcement by MoneyGram that it might assist Litecoin in its cell app. MoneyGram will permit customers to purchase, promote and maintain Litecoin on the platform.

Litecoin has the potential to rally to a brand new all-time excessive in 2023 as its halving occasion is scheduled to occur on July 2023. Litecoin has undergone two halving occasions up to now, the place the miner block rewards are slashed by half. These halving occasions coincide with unstable worth actions in Litecoin, the place main positive factors are often made.

Three altcoins that would rally 10x

If you wish to diversify your crypto funding portfolio, you would possibly contemplate investing in three of the most effective presales of 202.

One in every of these presales is for Sprint 2 Commerce. Sprint 2 Commerce is a platform that permits crypto merchants to make knowledgeable choices by giving them buying and selling indicators, social sentiment knowledge, and social buying and selling instruments. The D2T presale has already raised greater than $4.69 million.

The second presale to think about investing in at this time is IMPT. IMPT is the token powering IMPT.io, a platform that focuses on decreasing carbon emissions by people and firms. IMPT may very well be the subsequent token to blow up, and the presale has raised over $12 million.

The third best-performing presale of 2022 is for Calvaria. Calvaria is a blockchain gaming venture that has the potential to develop into among the finest play-to-earn video games. The RIA presale is already exploding and has raised greater than 1.35 million USDT.

Associated

Sprint 2 Commerce – Excessive Potential Presale

• Energetic Presale Reside Now – dash2trade.com
• Native Token of Crypto Indicators Ecosystem
• KYC Verified & Audited