Litecoin Price: The crypto market returned on a recovery trend as Bitcoin price<\/a> reclaimed the $70000 psychological level. The renewed recovery uplifted most of the major cryptocurrencies and influenced Litecoin. The recent rebound of LTC price from the confluence of technical support at $77 sparks a fresh recovery opportunity for crypto buyers.<\/span><\/p>\n Also Read: Crypto Market Adjustments Lead Litecoin (LTC) Investors to Explore Kelexo (KLXO) Presale Opportunities<\/a><\/p>\n <\/p>\n The short-term rally in Litecoin price<\/a> is bullish evidenced by the ascending support trendline in the daily chart. The coin price rebounded thrice from this support reflecting a key accumulation level for investors during the market dip.<\/span><\/p>\n On March 20th, the LTC price rebounded from the confluence of ascending trendline and 100-day EMA at $77, uplifting the coin value by 15% within a week. If the broader market trend remains bullish, this altcoin is likely to surge another 17% before hitting the resistance trendline of a symmetrical triangle pattern.<\/span><\/p>\n <\/p>\n According to a tweet from Jay M, the Marketing Director at the Litecoin Foundation, there has been a remarkable increase in the number of Litecoin network addresses that hold a balance. The data, sourced from the analytics tool IntoTheBlock, indicates that there are now 8 million addresses with a balance, showcasing a surge of over a million new holders within the last year.\u00a0<\/span><\/p>\n The total number of addresses with a balance on the Litecoin Network continues to grow! Currently at 8 million and adding over a MILLION hodlers since this time last year!! $LTC<\/a> \u26a1\ufe0f #HODL<\/a> pic.twitter.com\/mm2HFcWC00<\/a><\/p>\n \u2014 Jay \u24c2\ufe0f\ud83d\udd78\ufe0f (@MillaLiraj) March 25, 2024<\/a><\/p>\n<\/blockquote>\n This uptick in active addresses is a strong indicator of Litecoin\u2019s growing user base and suggests a heightened level of confidence among investors.<\/span><\/p>\n <\/p>\n Over the past 2 years, the Litecoin price has been traveling a long sideway trend resonating between two converging trendlines of the symmetrical triangle pattern. Amid the current recovery trendline, coin buyers are likely to challenge the pattern\u2019s overhead trendline, for a new start of recovery trend.\u00a0<\/span><\/p>\n This breakout would signal a major change in the Litecoin price trend, setting a potential target of the $195 mark.<\/span><\/p>\n <\/p>\n Related Articles<\/p>\n \u2713 Share:<\/p>\n <\/a><\/p>\n <!– <\/p>\n <\/p>\n <\/a><\/p><\/div>\n<\/p><\/div>\nLitecoin Witnesses Over a Million New Investors in Address Count Boom<\/b><\/h2>\n
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Symmetrical Triangle Break Could Propel Litecoin to $195<\/strong><\/h2>\n
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Technical indicator<\/span><\/h2>\n
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