Litecoin Price Prediction as LTC Bounces 15% From Recent Lows – Watch This Key Resistance Level

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By BitcoinWiki News

Key Takeaways:

– LTC/USD chart shows a 5% bounce in the last 24 hours.
– LTC is up over 15% from last week’s lows.
– LTC is an older and battle-tested blockchain launched in 2011.
– LTC price fell sharply in mid-August but has recovered.
– Key resistance level for LTC is around $70.50.
– Breaking above this resistance could lead to 25-30% gains.
– LTC is known as the silver to Bitcoin’s gold.
– LTC boasts low transaction fees, fast speeds, and scalability.
– Litecoin is being adopted with daily transactions consistently above 100,000.
– Wall Street Memes has launched its own meme coin token $WSM as an alternative to LTC.
– $WSM presale has raised over $25 million.
– Crypto investing is high-risk and this article does not constitute investment advice.


Litecoin (LTC) has experienced a 5% bounce in the last 24 hours and is up over 15% from last week’s lows. The cryptocurrency, which powers the Litecoin blockchain protocol, has recovered after falling sharply in mid-August. LTC is still down over 40% from its July highs, but recent technical developments have led to more optimistic price predictions. Bulls are now focusing on the next key area of resistance at around $70.50, which could potentially lead to gains of 25-30%. However, some long-term bulls prefer consolidation within the $60-70 range to accumulate more. Litecoin presents itself as the silver to Bitcoin’s gold, offering low transaction fees, fast speeds, and scalability. It has seen significant adoption, with daily transactions consistently above 100,000. Additionally, Wall Street Memes, a large retail investing community, has launched its own meme coin token called $WSM, which investors may consider as an alternative to LTC. The presale of $WSM has raised over $25 million, and it has gained support from industry influencers and analysts. However, investing in cryptocurrency is high-risk, and this article does not constitute investment advice.

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