Light Coin Price Analysis; Is a price explosion on the way?

Light Coin Price

Light Coin Price Analysis; Is a price explosion on the way?

Light Coin Price Analysis ; Although Litecoin has always been among the top 10 currencies in the market, in 2020 and 2021, we saw a very poor performance of this cryptocurrency; But the situation seems to be changing. According to experts, Litecoin could re-enter the uptrend.

According to BTC News, the Litecoin / Bitcoin currency pair is in a situation where it may experience a very strong jump. Experts say the jump will be short-term and medium-term, and Litecoin is ready for the fluctuations.

Long history in the top 10 currencies in the market

The cryptocurrency market is constantly changing. Looking at the table of currencies, it is easy to see that we have witnessed extensive changes compared to last year. cryptocurrencies, which were in the top 10 in the previous uptrend cycle, are no longer thriving.

For example, Ripple, which has long been ranked 3rd in the market, fell to close to 10th in this year’s uptrend. It is worth noting that this cryptocurrency has been largely revived.

Like Ripple, Litecoin has been one of the most overlooked currencies. Litecoin, known as digital silver, has not yet reached a new historical high; But experts believe that the technical condition of this cryptocurrency is such that it is time!

Light Coin Price Chart
Light Coin Price Chart

Light Coin is ready to jump in monthly timeframe

Light Coin, which uses part of the bitcoin code in its structure, has always been known as digital silver. Bitcoin as digital gold has managed to reach its market value of more than $ 1 trillion, but Light Coin is moving a long way from bitcoin. However, technical indicators show significant growth of Light Coin against Bitcoin.

If the Light Coin trend starts to change now and completely, we can say that the TD 13 index shows the price with the strength of the floor. On the other hand, the Stochastic index has entered the uptrend after a two-year pause in the floor range. The relative strength index (RSI) in timeframe has also entered the support range for the first time since 2015.

The logarithmic MACD is also ascending and has recently formed an ascending intersection. This indicator indicates that the probability of ascent is strong. With all these interpretations, the turning point of the Light Coin price is near.

LightCoin’s previous uptrend in 2017 marked the historic peak of this cryptocurrency. It is possible that after a long time, digital silver will have a chance to expand.

Light Coin Price Analysis; Is a price explosion on the way?

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