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Litecoin price analysis: Bulls continue to lead as LTC finds recovery at $186

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  • The price has resettled at $186.26.
  • Litecoin price analysis shows bullish trend.
  • Support is evidently strong at $147.02.

The bulls have been ruling the price charts for the past few weeks and even today a rise in price has been reported. The price is again at the $186.26 level, as the bulls were able to make a successful comeback in the last 24-hours. Although a noticeable drop in price occurred earlier, the bulls have been able to recover and have managed to take the price above $186 yet again. The price may increase further in the upcoming hours as well, which is highly motivating for buyers.

LTC/USD 1-day price chart: Bulls battle bearish momentum to retain control

The one-day Litecoin price analysis is dictating an increase in price as the bullish momentum has been revived. Although the price underwent a decline recently, today’s trend has again been supportive towards the bulls. Overall, an upswing has been observed over the past few weeks and today the price moved up to $186.3 level. The price is still standing above the moving average indicator’s (MA) value i.e. $180.9.

A crossover between SMA 20 and SMA 50 had been recorded in the prior weeks as well which further confirms the bullish lead. The Bollinger bands Indicator is indicating the following values; the upper value is $197.65 whereas the lower value is $147.02. The RSI score is balancing itself at 58.92 for the day.

Litecoin price analysis: Price bounces back to $186.3 after overcoming loss

The four hours Litecoin price analysis is showing signs of bullish activity as an increase in price has been detected. The price levels are now touching $186.3 after the bullish momentum was recovered. A downward trend had been following for the past few hours, but the bulls have been able to return back. The price is still standing below the moving average level i.e. $187.61 because of the previous drop.

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Litecoin price analysis: Bulls continue to lead as LTC finds recovery at $186 2
LTC/USD 4-hours price chart. Source: TradingView

The Bollinger bands average is currently found at the $185.31 level. Whereas the upper Bollinger band is standing at $192.5 level and the lower Bollinger band is standing at $178.13 level. The RSI score is 54.77 which is considered a quite neutral position. Nonetheless, the bulls have been able to stabilize price at $186 for now.

Litecoin price analysis: Bulls continue to lead as LTC finds recovery at $186 3
LTC/USD technical indicators chart. Source: TradingView

From a general overview, the coin value has undergone major improvement during the period of the last two weeks. This is why the technical indicators chart for LTC/USD is going bullish with 14 indicators on the buying side, eight indicators on the neutral side, and only four indicators on the selling side.

The moving averages indicator is providing support for the buyers as well with a strong bullish signal. There are 12 indicators currently maintaining the buying position, while two indicators are on selling position and one is on neutral position. The Oscillators are showing neutrality with seven oscillators on the neutral level, and two indicators each on selling and buying levels.

Litecoin price analysis conclusion

The one-day and four hours Litecoin price analysis is confirming an increase in the price as the bullish momentum has been revitalized. The price is now balanced at $186.3 after undergoing a significant decline earlier. Chances of improvement are increasing for the buyers as the hourly prediction is giving an upper hand to the bulls as well.

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Litecoin And Solana Outperform Bitcoin-Based Investment Products in November

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It’s been just revealed that Bitcoin-based investment products are seeing some pretty strong competition these days for altcoin-based products.

This is what crypto data company CryptoCompare revealed recently.

The latest reports from CryptoCompare are out

The crypto data firm explained that the investment products based on Litecoin (LTC) and smart contract blockchain Solana (SOL) had better returns than those based on BTC over the 30-day period leading to November 19th.

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“BTC-based investment products were outperformed by Solana & Litecoin-based products, led by 21Shares’ ASOL (Solana-based product) and Grayscale’s LTCN (Litecoin-based product), which returned 22.0% and 14.9% respectively.”

The online publication the Daily Hodl notes that CryptoCompare says Bitcoin-based investment products recorded losses over the same period while products based on Ethereum and Solana registered profits.

“BTC-based products experienced losses over the last 30 days, ranging from -6% to -13% while ETH products saw gains ranging from 0.5% to 7% for ETH products. 21Shares’ ASOL ETN [Exchange-Traded Notes] experienced the largest gain at 22%…”

The very same notes also revealed that the level of assets under management (AUM) for Bitcoin saw a significant drop on a month-on-month basis while the AUM for other crypto assets surged.

“Bitcoin AUM fell 9.5% to $48.7 billion in November, its largest month-on-month pullback since July. Meanwhile, Ethereum and other cryptocurrency products saw their AUM rise 5.4% to $16.6 billion and 10.4% to $2.6 billion, respectively.”

Bitcoin adoption intensifies

The mass adoption of Bitcoin continues despite the multiple corrections that the digital asset has been seeing lately.

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Check out the latest report coming from Cointelegraph about this exciting move that has been made.

It’s been reported that Fintonia Group, a Singapore-based fund manager regulated by the Monetary Authority of Singapore (MAS), has launched two institutional-grade Bitcoin (BTC) funds.

The new funds are the Fintonia Bitcoin Physical Fund and the Fintonia Secured Yield Fund.

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This is what Fintonia announced on Thursday.

“The funds are live and investors can subscribe and redeem regularly as they are open-ended funds, similar to a mutual fund. The funds are only available for accredited Investors.”

Keep your eyes on the market to see where the prices of the digital assets are going.

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Litecoin Forecast November 29 — December 3, 2021

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Litecoin LTC/USD ends the trading week at 194.81 and continues to move within the correction and the bullish channel. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines again. This indicates pressure from buyers of the digital asset and a potential continuation of the decline in the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a price decline and a test of the support area near the level of 185.05. Where can we expect a rebound again and an attempt to raise the value of Litecoin with a potential target above the level of 335.05.

Litecoin Forecast November 29 — December 3, 2021

An additional signal in favor of raising the LTC/USD quotes in the current trading week November 29 — December 3, 2021 will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the growth option for the Litecoin digital asset will be a fall in price and a breakdown of the area of ​​145.05. This will indicate a breakdown of support and a continued fall in the LTC/USD rate below the level of 95.05. Confirmation of the rise in the cryptocurrency will be the breakdown of the resistance area and the closing of quotations above the level of 245.05.

Litecoin Forecast November 29 — December 3, 2021

Litecoin Forecast November 29 — December 3, 2021 implies an attempt to test the support area near the level of 185.05. Then, continued growth to the area above the level of 335.05. An additional signal in favor of an increase in Litecoin will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the area of ​​145.05. This will indicate a continued decline in cryptocurrency with a target below 95.05.

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Litecoin and an Ethereum Rival Outperformed Bitcoin-Based Investment Products in November, According to Crypto Data Firm

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Bitcoin (BTC)-based investment products are facing strong competition from altcoin-based products, according to cryptocurrency data company CryptoCompare.

The crypto data firm says in a new report that the investment products based on Litecoin (LTC) and smart contract blockchain Solana (SOL) had better returns than those based on BTC over the 30-day period leading to November 19th.

“BTC-based investment products were outperformed by Solana & Litecoin-based products, led by 21Shares’ ASOL (Solana-based product) and Grayscale’s LTCN (Litecoin-based product), which returned 22.0% and 14.9% respectively.”

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CryptoCompare says Bitcoin-based investment products recorded losses over the same period while products based on Ethereum and Solana registered profits.

“BTC-based products experienced losses over the last 30 days, ranging from -6% to -13% while ETH products saw gains ranging from 0.5% to 7% for ETH products.

21Shares’ ASOL ETN [Exchange-Traded Notes] experienced the largest gain at 22%…”

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The report also highlights that the level of assets under management (AUM) for Bitcoin saw a significant drop on a month-on-month basis while the AUM for other crypto assets surged.

“Bitcoin AUM fell 9.5% to $48.7 billion in November, its largest month-on-month pullback since July. Meanwhile, Ethereum and other cryptocurrency products saw their AUM rise 5.4% to $16.6 billion and 10.4% to $2.6 billion, respectively.”

The decline drives Bitcoin’s market share as a percentage of the total crypto assets under management fall month-on-month from 73.7% to 70.6% in November.

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