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Litecoin (LTC) is Decentralized than Bitcoin

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What is Litecoin? LTC explained with animations by Whiteboard Crypto. In this video explaining how it is faster, what makes it cheaper and what specific changes the creator did to make it more decentralized than Bitcoin.

Litecoin is one of the stars of the latest crypto rally, as it posts daily gains of almost 20% and hitting a six-month high. Looks like it is emerging from the shadows.

Community Response:  But it will not make a big breakthrough in a short time. As investors, making money is our most important goal.

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Well, I’ll tell you one thing, While everything on the Ethereum network literally costs an arm and a leg in gas fees, Litecoin cost only pennies to transfer. And it’s at least 3 times faster. It’s no exaggeration that its saved me literally thousands of dollars in fees.

Litecoin has withstood the test of time and with Inflation bearing down on everyone, I think it’s going shoot back into the top 10 very soon.

It will arise no doubt. It’s too sound.

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I don’t know, as for me – the growth is very slow, yes, she is almost 10 years old, but if you compare, for example with USDT, the stability is still not as high.  Normally LTC pumps and dumps, I’ll be surprised if it manages to hang on.

LTC/USD, day time frame, SBW indicator forms a double bottom pattern, we saw this pattern in November last year, the price increased 7x. The W bottom here is much bigger than the last one, will Litecoin price rise more than 7x this time?

I have this intuition LTC will moon hard at some point, probably later rather than sooner, but that it will be huge. I have been using litecoin for years. Widely accepted.

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BitPay finally added Litecoin after years of not doing it, they’ve missed out on thousands and thousands of LTC transactions.

How many LTC holders here are going to use smart contracts for LTC via Flare and start earning for holding LTC right from your own wallet?

Rise in use does not equate rise in value. When no one holds, but uses it for purchases, it’s just like fiat. The 84M cap really means nothing since you operate in fractions instead of whole numbers.

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But Litecoin is still undervalue. Looser all the time. But it will not make a big breakthrough in a short time. As investors, making money is our most important goal.  They obviously aren’t too smart or no nothing about supply, security, or working together.

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Litecoin price analysis: LTC hovers above $200. Is LTC consolidating?

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  • Litecoin price analysis is bearish today.
  • Support for LTC is present at $216.
  • Resistance is found at $226.8.

Litecoin is again covering the downwards range as a decrease in price is observed today. The selling pressure has triggered again, and the bears have taken over the price function. The selling activity has affected the price, and more devaluation might be ahead.

The LTC/USD is overall sustaining its value above the $200 psychological mark after going through severe damage from 15th to 18th November when the coin was rejected from $280 and plunged down at $204. However, LTC managed to stop further slippage and seems like it is in a consolidation phase before it can rally again in the next week

LTC/USD 1-day price chart: Bears ruling the charts

The 1-day Litecoin price analysis shows the price has decreased from yesterday’s price cap of 223. Today the LTC has traded in a range of $225 to $217 so far, and at the time of writing, the LTC/USD is trading hands at $219.72 exactly, but it is expected that the price will go further down, as the selling pressure is already there and after 18th November LTC is following a zigzag price pattern which looks like a consolidation pattern. LTC has lost 0.13 percent value over the last 24 hours, but it has also gained 7.82 percent value over the past week. On the other hand, trading volume has increased by 10.06 percent, and the market dominance is 0.57 percent.

Litecoin price analysis: LTC hovers above $200. Is LTC consolidating? 1
LTC/USD 1-day price chart. Source: TradingView

The volatility is also high, but the Bollinger bands show some degree of convergence, with the lower band covering more range upwards, while the upper band moves almost unchanged, hinting at the price to maintain its level on the broader spectrum and a rally upside may be observed in the coming days. The lower end of the indicator also suggests a support zone for LTC around $188 level, but on the flip side, the mean average of the indicator suggests a resistance level around $233 level for LTC.

The moving average (MA) is still below the price level at $216, but the price may step below the MA. And the relative strength index (RSI) has traveled down from the upper half to the lower half of the neutral zone; as the price stepped down to $219, the RSI has lowered to index 48.

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Litecoin price analysis: Recent developments and further technical indications

The 4-hour Litecoin price analysis shows the coin is on a downwards trend from the last 12 hours, but the major loss was observed during the last four hours. However, now the LTC seems on its way to retest the support present at $216.

Litecoin price analysis: LTC hovers above $200. Is LTC consolidating? 2
LTC/USD 4-hours price chart. Source: TradingView

The volatility on the 4-hour chart is mild, with the price trading below the upper Bollinger band. The upper band and the mean average of the indicator represent resistance and support for LTC/USD at $226 and $214, respectively. The moving average is above the price level at the $220 level now, and the selling activity seems to be slowing down now as the price oscillation is low, which hints at the entry of bullish support soon.

Litecoin price analysis conclusion

The Litecoin price analysis concludes the coin is depreciating today in its consolidation phase. The bullish support may step in soon as the downwards price oscillation has slowed down. But for LTC to rally high, it must break out above the $231 resistance level. On the flip side, if the downtrend extends and LTC break below $203, this may cancel out the bullish scenario.

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Litecoin (LTC/USD) forecast and analysis on November 26, 2021

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Cryptocurrency Litecoin (LTC/USD) is trading at 216.48. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates the presence of a bearish trend on Litecoin. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator bars.

Litecoin (LTC/USD) forecast and analysis on November 26, 2021

As part of the Litecoin course forecast, a test level of 224.50 is expected. Where can we expect an attempt to continue the fall in LTC/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 192.40. The conservative Litecoin sales area is located near the upper border of the Bollinger Bands indicator strip at 225.20.

Litecoin (LTC/USD) forecast and analysis on November 26, 2021

Cancellation of the option to continue the decline in the Litecoin rate will be a breakdown of the upper border of the Bollinger Bands indicator bars. As well as the moving average with a period of 55 and closing of quotations of the pair above the 230.50 area. This will indicate a change in the current trend in favor of the bullish for LTC/USD. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, we should expect an acceleration of the fall of the cryptocurrency.

Litecoin (LTC/USD) forecast and analysis on November 26, 2021 implies a test level of 224.50. Further, the continuation of the fall to the area below the level of 192.40 is expected. The conservative area for selling is located area of ​​225.20. Cancellation of the cryptocurrency fall option will be a breakdown of the level of 230.50. In this case, we should expect continued growth.

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Litecoin Forecast and Analysis November 25, 2021

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LTC/USD are trading at 206.75 and continue to move within the fall and the downward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $14,532,540,973. Moving averages indicate a short-term bearish trend for Litecoin. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a rise in the value of a digital asset and a test of the resistance level near the 215.05 area. Where can we expect a rebound down again and the continuation of the fall in the Litecoin rate with a potential target below the level of 160.55.

Litecoin Forecast and Analysis November 25, 2021

An additional signal in favor of a fall in LTC/USD quotes will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the ”Triangle” pattern. Cancellation of the option to drop the coin will be a strong increase in the value of the asset and a breakdown of the area of ​​250.05. This will indicate a breakdown of the resistance area and a continued rise in the cryptocurrency rate with a potential target above the level of 295.05. With the breakdown of the support area and closing of quotations below the level of 190.55, we should expect confirmation of the development of the bearish trend in Litecoin and the beginning of the development of the “Triangle” model.

Litecoin Forecast and Analysis November 25, 2021

Litecoin Forecast and Analysis November 25, 2021 implies an attempt to correct and test the resistance area near the level of 215.05. Where can we expect a rebound and continued growth in the LTC/USD price to the area below the level of 160.55. An additional signal in favor of the fall in Litecoin will be a test of the trend line on the relative strength index (RSI). Cancellation of the decline option will be a sharp rise and a breakdown of the area of ​​250.05. This will indicate a continued rise in the cryptocurrency with a target above the level of 295.05.

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