👉 LTC closed the above key Q1/Q2 2023 hurdle. 👉 LTC registered an uptick in Open Interest rate.
From around $300 million on 29 June, LTC’s OI inched closer to $500 million in Q3 – a bullish sentiment. However, the spread between long and short positions across exchanges was little, suggesting neutral sentiment and possible narrow consolidation above $100. Traders should track BTC price action for optimized set-ups and direction. Litecoin [LTC] crossed the $100 mark, transiting into Q3 2023 on a bullish note across lower and higher timeframes. The upswing cleared the previous high and bearish order block at $103.
I've noticed that in the past few days, LTC has been showing growth consistently. I will conduct a brief analysis to understand the reasons behind this and what we can expect in the future. I believe most of you are aware that we have a halving event coming up. Additionally, i have a very positive news background. The launch of the LTC-20 network is also imminent, which could further push the price upwards. The coin is also being traded within an ascending channel globally, providing opportunities to buy at the lower boundary for profit-taking at the upper boundary. So, let's keep an eye on LTC. Show Less
