Litecoin Price Forcast: Can LTC Price Surge Above $120 This Weekend

For most of the past year, the price of Litecoin has been declining. LTC fell below $300 in November after failing to stay above that level. Since January, the coin has been testing the $100 mark. The overall sentiment in the crypto market, though, remains gloomy. Although this cryptocurrency has been hitting lower highs, which …

Timeline of Litecoin

The interest in cryptocurrencies continues to wane in 2022, as does Litecoin's popularity. The trading volume of Litecoin was eight times lower in the first quarter of 2022 than it was in the first quarter of 2021.

Due to the bearish trend in the crypto market, the trading volume of Litecoin in the first quarter of 2022 was eight times below that of Q1 2021.  The post Litecoin (LTC) Trading Volume Crashes More Than $590 Billion in Quarterly Low appeared first on BeInCrypto.

As it appears to be, cryptocurrency investors nowadays are just looking for an opportunity to jump into the space. And, for the same reason ‘buy the dip' and stacking sats, seem to be trending every time Bitcoin's price has dropped over the last two months.

Litecoin price analysis shows a bearish market trend LTC prices have seen support at the $97.8 level Litecoin prices are down by 3.08 percent The most recent Litecoin price analysis reaffirms a strong bearish trend in the market, with the price plummeting to its lowest point after 17 December 2020. The cryptocurrency is.

Litecoin has been trading at a discount from its previous ATH just like many other cryptocurrencies. However, LTC's latest performance puts it in oversold territory especially now that it has dipped its toes below $100 once again.