LITECOIN LTC PRICE PREPARE FOR Continuous Growth WHITEBIT: LTCUSDT By P_S_trade – Technische Analyze – 2022-12-14 19:02:43

Today we will bring to your attention trading in the medium term LTCUSDT And one more thing, read to the end!)

$69.1 admission
Ending $60.23
Take profit $95.74
The profit/loss ratio is 3/1
Since the Fed is going to announce a new interest rate today, we expect a rally volatility in the market, so we set the trade entry order well below the current price.

This trade fits within the logic of LTC price action, which we described in our Global Idea a few months ago.

In general, the price of Litecoin was one of the first to show good growth, and even outperformed this growth. BTC

One of the reasons for the rapid growth of LTCUSD The price may be due to the fact that the LTC halving is happening about six months before BTC in half, even if they occur in the same mining block. In 2023-2024, everyone is waiting for the mined block # 840,000

glimpse

As you can see in the above diagram, BTCUSDT The price has a strong and long-term upward trend right after the “halving”.
price LTCUSDT On the contrary, after the “halving”, it enters the stage of a long-term correction. But after the rapid growth, the price of LTC reached its maximum value 6-7 weeks earlier than the planned “halving”.
Therefore, we can assume that in the medium term LTCUSDT The price will peak in June 2023.

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