{"id":175480,"date":"2023-10-17T04:06:21","date_gmt":"2023-10-16T22:36:21","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=175480"},"modified":"2023-10-17T04:06:21","modified_gmt":"2023-10-16T22:36:21","slug":"litecoin-can-a-sustained-bull-run-push-ltc-toward-70-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/litecoin-can-a-sustained-bull-run-push-ltc-toward-70-crypto-news\/","title":{"rendered":"Litecoin: Can a sustained bull run push LTC toward $70? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><i data-stringify-type=\"italic\">Will Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion.<\/i><\/p>\n<ul>\n<li><em>LTC buyers registered gains of over 5% over the past day.<\/em><\/li>\n<li><em>A spike in the 90d Mean Coin Age could produce a long-term bullish rally.\u00a0<\/em><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/LTC\" data-wpel-link=\"internal\">Litecoin [LTC]<\/a> broke out of a price slump with 5.2% gains over the past 24 hours. Previously LTC saw little price action between 13 October and 15 October, as sellers bidded to break below the $57 support level.<\/p>\n<hr \/>\n<p style=\"text-align: center\">Read\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/predictions\/litecoin-price-prediction\" data-wpel-link=\"internal\">Litecoin\u2019s [LTC] Price Prediction<\/a>\u00a02023-24<\/p>\n<hr \/>\n<p>However, the rapid change in market sentiment with <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/BTC\" data-wpel-link=\"internal\">Bitcoin [BTC]<\/a> climbing strongly above $27k allowed LTC buyers to rally. Can this pump produce a bullish breakout from LTC\u2019s extended range formation?<\/p>\n<h4><strong>Bulls show signs of life<\/strong><\/h4>\n<div id=\"attachment_351327\" style=\"width: 1902px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/LTCUSDT_2023-10-16_14-02-31.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-351327\" class=\"size-full wp-image-351327\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/LTCUSDT_2023-10-16_14-02-31.png\" alt=\"Litecoin LTC price chart\" width=\"1892\" height=\"1052\" \/><\/a><\/p>\n<p id=\"caption-attachment-351327\" class=\"wp-caption-text\">Source: LTC\/USDT on Trading View<\/p>\n<\/div>\n<p>The massive selling pressure on Litecoin had seen it trade close to a year-low over two months. With buyers finding temporary support at the $57 price level, recovery attempts have been quite muted, keeping LTC between $57 and $70.<\/p>\n<p>Nevertheless, the rise in buying pressure as seen by the Relative Strength Index (RSI) climbing strongly above the neutral 50 could spur a sustained bullish rally. Furthermore, with LTC trading at $64, at press time, a strong push to $70 could materialize over the next days.<\/p>\n<p>This would require bulls to cross the lower high hurdle at the $65 price zone and be dependent on a significant jump in daily trading volume. This would be despite the On Balance Volume (OBV) trending in the lower range.<\/p>\n<h4><strong>Mean coin age sky-rockets<\/strong><\/h4>\n<div id=\"attachment_351328\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/Litecoin-LTC-15.18.54-16-Oct-2023.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-351328\" class=\"size-full wp-image-351328\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"\" width=\"2560\" height=\"867\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/Litecoin-LTC-15.18.54-16-Oct-2023.png 2560w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/Litecoin-LTC-15.18.54-16-Oct-2023-300x102.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/Litecoin-LTC-15.18.54-16-Oct-2023-1024x347.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/Litecoin-LTC-15.18.54-16-Oct-2023-768x260.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/Litecoin-LTC-15.18.54-16-Oct-2023-1536x520.png 1536w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/Litecoin-LTC-15.18.54-16-Oct-2023-2048x693.png 2048w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/Litecoin-LTC-15.18.54-16-Oct-2023.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-351328\" class=\"size-full wp-image-351328\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/Litecoin-LTC-15.18.54-16-Oct-2023.png\" alt=\"\" width=\"2560\" height=\"867\" \/><\/a><\/p>\n<p id=\"caption-attachment-351328\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div>\n<p>According to data from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/app.santiment.net\/s\/vNvzpSKQ\" data-wpel-link=\"external\">Santiment<\/a>, the 90-day Mean Coin Age spiked rapidly between 2 October and 15 October. This hinted at an accumulation spree by bulls in anticipation of a sustained bullish rebound in the long term.<\/p>\n<hr \/>\n<p style=\"text-align: center\">How much are\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/convert\/100-ltc-to-usd\" data-wpel-link=\"internal\">1,10,100 LTCs worth today<\/a>?<\/p>\n<hr \/>\n<p>With the 90d Market Value to Realized Value (MVRV) ratio still negative, it suggested that long-term holders were most likely increasing their positions to take advantage of a price reversal.<\/p>\n<p>This showed that LTC could go on a sustained bullish run with $70 the near-term target for buyers.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Will Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion. LTC buyers registered gains of over 5% over the past day. A spike in the 90d Mean Coin Age could produce a long-term bullish rally.\u00a0 Litecoin [LTC] broke out of a price slump [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":175481,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-175480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=175480"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175480\/revisions"}],"predecessor-version":[{"id":175483,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175480\/revisions\/175483"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/175481"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=175480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=175480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=175480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}