- The LTC price closed the previous day’s trade at INR 8,500 with a market capitalization of INR 750 Cr and a circulating supply of 7,00,71,256.28 LTC
- The asset is constantly attempting to break through the descending channel by forming constant lower highs and lows
Litecoin Price Analysis: Will LTC Price Hit INR 12,000 in April?
The start of the April trade was pretty bullish but after a couple of days, the price slashed by more than 18% and could manage to recover by only 5.39% at the press time. With a fortnight of trade remaining this month, one can expect a choppy trade below INR 10,000.
The possibility of the asset again rejecting the INR 10,000 levels is very high and hence the traders need to be more cautious entering the long trade. However, after the minor rejection, the price may rebound with strong velocity to ignite a healthy uptrend for the next month.
Litecoin Price Prediction: How High Will LTC Price Go in 2022?
Litecoin price showcased a huge strength during the 2021 bull run and smashed highs above INR 32,400. Woefully, the asset maintained a strong descending trend since then, while each attempt at a rebound is failing miserably.
The LTC price is consolidating and may rebound above INR 10,000 only with a significant change in the market trends. The higher levels the asset may reach in 2022 may be around INR 22,500 to INR 24,000. And with the presence of bears, the price may be restricted below INR 20,000 but after reaching the yearly highs.
Litecoin Price Analysis: LTC Price Table (Last 07 Days)
|Date||All-Time High||All-Time Low||Market Capitalization|
|14 April 2022||INR 8849.17||INR 8500.00||INR 750 Cr|
|13 April 2022||INR 8699.00||INR 8257.20||INR 768 Cr|
|12 April 2022||INR 8376.28||INR 8189.10||INR 726 Cr|
|11 April 2022||INR 8898.10||INR 8195.00||INR 732 Cr|
|10 April 2022||INR 8943.10||INR 8889.50||INR 798 Cr|
|09 April 2022||INR 8907.90||INR 8800.00||INR 784 Cr|
|08 April 2022||INR 9109.62||INR 8800.00||INR 787 Cr|
LTC Price Trend Comparison with BTC (Last 30 Days)
Both the tokens maintained a similar trend which included a couple of BTC price spikes. On the other hand, the LTC price rally faced some huge plunges in April that dragged the price 6% below the average levels from as high as 22%.
On the other hand, the BTC price also rose to 22% and quickly dropped to the average levels. Currently, the price is trying to re-ignite an uptrend by hovering above 2.11% compared to LTC which is above the levels by 1.98%.
Correlation of LTC/USDT and LTC/BTC (Last 30 Days)
Litecoin trade with the USDT pair appears to be stronger and denser compared to that of BTC. LTC/USDT pair showcased a gigantic rally after a brief consolidation in the first few days of March. It hit the highs of around 22% rising from -10% and after a drop to -4% and currently it is 1.56% above the average levels.
On the other hand, the BTC pair maintained a steady rally and after a swing between -8% and 4%, currently hovers around -0.4%. Both the pairs are heading towards the north and hence a subsequent uptrend may be stabilized.
Where & How to Buy Litecoin (LTC) Coin
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]Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to [email protected].
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