LITECOIN LTC price is preparing for continued growthToday we will bring to your attention the medium-term trade LTCUSDT and something more, read to the end!)
Entry $69.1
Stop $60.23
Take profit $95.74
Profit/Loss ratio 3/1
Since the Fed will announce a new rate today, we expect increased volatility in the market, so we are putting the entry order of trade well below the current price.
This trade fits into the logic of the LTC price movement, which we described in our global idea a few months ago.
In general, the Litecoin price was one of the first to show quite good growth, outpacing even the growth of BTC
One of the reasons for the rapid growth of the LTCUSD price may be the fact that LTC halving occurs about six months earlier than BTC halving, although they occur on the same mined block. In 2023-2024, everyone is waiting for the mined block #840000
As you can see on the chart above, the BTCUSDT price has a powerful and long-lasting upward trend immediately after "halving".
The price of LTCUSDT, on the contrary, after "halving", goes into a stage of long-term correction. But after rapid growth, the LTC price reaches its maximum value 6-7 weeks before the planned "halving".
Therefore, we can assume that in the medium term, the LTCUSDT price will reach its high in June 2023.
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