COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: What to Expect for LTC Investors After the FOMC: Price Analysis and Forecast
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Litecoin (LTC) > What to Expect for LTC Investors After the FOMC: Price Analysis and Forecast
Litecoin (LTC)

What to Expect for LTC Investors After the FOMC: Price Analysis and Forecast

In Brief

  • The volatile trend in the cryptocurrency markets continues after the FOMC, with no clear direction yet. The three-year interest rate expectation of the members was extremely high, and Powell did not speak very moderately. Altcoins, which were gaining profits due to the postponement of the MtGox sale a few hours ago, have now turned downwards […]
COINTURK NEWS
COINTURK NEWS 2 years ago
Share
SHARE

The volatile trend in the cryptocurrency markets continues after the FOMC, with no clear direction yet. The three-year interest rate expectation of the members was extremely high, and Powell did not speak very moderately. Altcoins, which were gaining profits due to the postponement of the MtGox sale a few hours ago, have now turned downwards again. So, what can LTC investors expect?

Contents
LTC Price AnalysisLitecoin (LTC) Price Forecast

LTC Price Analysis

From a technical perspective, the price has formed a double bottom pattern and broke through the descending resistance line six days ago. The breakout is confirmed on the daily and six-hour charts, with the only concern being the sudden change in market sentiment, but the process for LTC specifically can remain positive.

On the daily chart, the descending resistance line that has been in place for two and a half months has been surpassed. Such breakouts usually bring expectations of additional gains as they indicate the end of the previous downtrend. If LTC bulls can remain strong, they can keep the trend upward.

The movement before the breakout is also in the upward direction. Between August 17 and September 11, LTC formed a double bottom formation, combined with a bullish divergence in RSI.

Litecoin (LTC) Price Forecast

The two bottoms in line with the divergence in RSI suggest that the price should recover with a significant increase in momentum. If the expected upward movement occurs, we can see the price climb to the $75-85 range, with a 25% increase.

However, if the downward trend of BTC does not quickly reverse, LTC sellers may come into play and push the price back to the $55 range. A real increase in volatility is expected in the cryptocurrency markets these days, but BTC’s current weakness and the decline in volumes raise the possibility of a downward movement.

The critical support area that should provide support for the bullish scenario is at $62.5. A close below this critical support area would damage the reliability of the breakout. After such fake movements, prices tend to decline rapidly, so a decline to the aforementioned $55 range would not be surprising.

BTC is currently at $26,743. The cumulative trading volume of cryptocurrencies is still below $30 billion. The bear market we are in is more boring than previous ones, and we are still not able to get closer to the light at the end of the tunnel.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Bitcoin Holds Its Ground as SEC Keeps Crypto Community in Suspense

Market Movements Highlight Litecoin’s Potential for Growth

Litecoin Surges as Market Corrects: Bright Prospects Ahead

Canary Capital’s Litecoin ETF Gains Momentum with DTCC Listing

Litecoin Stands Out as Other Cryptos Struggle in February 2025

COINTURK NEWS 21 September, 2023 - 3:15 pm 21 September, 2023 - 3:15 pm
Share This Article
Facebook Twitter
Share
Previous Article Optimism Foundation Completes Sale of 116 Million OP Tokens
Next Article Will Cryptocurrencies Increase?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Brazil Embraces Bitcoin: Belo Horizonte Leads the Digital Finance Charge
Bitcoin News
Gemini Conquers Europe with Strategic Derivative Offerings
Cryptocurrency Exchanges
Trump Cuts Ties with Lobby Firm Over Digital Asset Controversy
Cryptocurrency News
Lido Finance Empowers stETH Holders with New Governance Proposal
Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?