Litecoin (LTC) Long-term Price Analysis

[Shyamthakur2]

LTCUSD Long-term Trend: Bearish
 
Distribution territories: $120.00, $140.00, $160.00.

Accumulation territories: $70.00, $50.00, $30.00.

Litecoin has been seeing its price appreciate against the US dollar this week. The bulls pushed the cryptocurrency past its last low of $75,00. On July 15, like many other cryptocurrencies, LTC also saw the emergence of a short bullish Japanese candlestick

[wayancrypto]

Iam bullish for LTC, because price action of LTC usually will follow BTC. The price of LTC and BTC now already in the bottomed , and we should be wait patient for bull run. Crypto is not dead but only sleep a while to prepare for next bull run. Since LTC created and tradeable is always has high fluctuacion but in the long term the price will going up, this is because the market cap of crypto still small now and has big potential to keep growth.

[talkbitcoin]

based on what i have seen from litecoin and its charts for all these years that it has been around, i have realized that LTC usually follows bitcoin which means with bitcoin price rising, LTC price should also start to rise pretty soon.
in other words i disagree with you saying its long term is bearish because bitcoin is starting its bullish movement.

[monster2]

LTC means long term coin I think the litecoin is still beautiful and it's still a good one many people still trust to increase its price as I think with bitcoin the rise of litecoin in future prices.

[Kahoy01]

based on what i have seen from litecoin and its charts for all these years that it has been around, i have realized that LTC usually follows bitcoin which means with bitcoin price rising, LTC price should also start to rise pretty soon.
in other words i disagree with you saying its long term is bearish because bitcoin is starting its bullish movement.

Totally agree with this, i've also notice how the other cryptocurrency moves and behave, it is somehow or really following the bitcoin's price whether it increases or decreases the other cryptocurrency just follows. Great example would be the last year's ending month, december, most of the coins went to the moon like bitcoin and goes back right after a couple of months.

[marn6767]

your analysis is really nice. I think the LTC uptrend will continue. In the bull season, I really expect a big leap project. A project where good investment is available

[blu.storm]

i personally believe that in the long term the value of litecoin will grow slowly, but unfortunately follows as all altcoin the variations of bitcoin

[jaxteller]

Don't know when, but like many have said it usually follows the BTC trend.

[Red-Apple]

litecoin is one of those coins that has already had his bubble burst. there may be some more dumping left in it mainly because there is nothing happening to this coin and there is no good news for it but i don't think it can go much lower than this.
and also as it was mentioned above litecoin is the only altcoin that follows bitcoin up during bitcoin rises while other altcoins drop.

[udayantha11]

Yes, LTC have now good future. if you can see, like past year. BTC and LTC same direction. If BTC increases LTC increases