• Latest
  • Trending
  • All
Strong Rallies on the Table for Bitcoin (BTC) and Litecoin (LTC), According to Crypto Strategist – But There’s a Catch

Strong Rallies on the Table for Bitcoin (BTC) and Litecoin (LTC), According to Crypto Strategist – But There’s a Catch

April 2, 2023
White House Proposes 30% Tax On Electricity Used For Crypto Mining

SBF Considered Paying Trump $5 Billion Not To Run For President

October 3, 2023
Bitcoin, Ethereum, Dogecoin Tumble As US 10-Year Yield Touches 16-Year Highs: Analyst Says, ‘Fake Satoshi’ Account Opens Window To Buy The Dip

Bitcoin, Ethereum, Dogecoin Tumble As US 10-Year Yield Touches 16-Year Highs: Analyst Says, ‘Fake Satoshi’ Account Opens Window To Buy The Dip

October 3, 2023
VanEck Rolls Out First Ethereum Futures ETF Structured as C-Corp

VanEck Rolls Out First Ethereum Futures ETF Structured as C-Corp

October 3, 2023
Litecoin and Filecoin Face Declines as VC Spectra’s Presale Skyrockets

Litecoin and Filecoin Face Declines as VC Spectra’s Presale Skyrockets

October 3, 2023
Pax Dollar (USDP) Falls 0%, Outperforms the Crypto Market Monday

Pax Dollar (USDP) Falls 0%, Outperforms the Crypto Market Monday

October 3, 2023
10 Years In Prison: How Ross Ulbricht’s Silk Road Accelerated Bitcoin Adoption

10 Years In Prison: How Ross Ulbricht’s Silk Road Accelerated Bitcoin Adoption

October 3, 2023
Grayscale Seeks SEC Approval to Convert Ethereum Trust into Spot ETF

Grayscale Seeks SEC Approval to Convert Ethereum Trust into Spot ETF

October 3, 2023
Ticking Time Bombs: 3 Tech Funds to Dump Before the Damage Is Done

Ticking Time Bombs: 3 Tech Funds to Dump Before the Damage Is Done

October 2, 2023
DOGE İlk 10 Kripto Arasına Girerken Dogecoin Fiyat Tahmini – DOGE 2023’te $1 Olur mu?

DOGE İlk 10 Kripto Arasına Girerken Dogecoin Fiyat Tahmini – DOGE 2023’te $1 Olur mu?

October 2, 2023
Here’s Why Ethereum Price Barely Moved Following Ark’s ETF Application

Valkyrie Halts Purchase Of ETH Futures Contracts

October 2, 2023
Is Litecoin Dead? All Potential Bearish Scenarios Covered

Is Litecoin Dead? All Potential Bearish Scenarios Covered

October 2, 2023
Ether futures ETFs debut as SEC mulls next steps on bitcoin fund

Ether futures ETFs debut as SEC mulls next steps on bitcoin fund

October 2, 2023
Tuesday, October 3, 2023
DLT EMPIRE
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoin
  • Crypto Mining
  • Dogecoin
  • Litecoin
  • Market
No Result
View All Result
DLT EMPIRE
No Result
View All Result
Home Litecoin

Strong Rallies on the Table for Bitcoin (BTC) and Litecoin (LTC), According to Crypto Strategist – But There’s a Catch

by Cuevas Antonio
April 2, 2023
in Litecoin
0
Strong Rallies on the Table for Bitcoin (BTC) and Litecoin (LTC), According to Crypto Strategist – But There’s a Catch
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


A popular crypto analyst is forecasting potential surges for Bitcoin (BTC) and peer-to-peer payments network Litecoin (LTC).

Pseudonymous crypto strategist Loma tells his 282,300 Twitter followers that he believes Bitcoin will eventually take out resistance at around $28,800.

However, the catch is that the breakout could take time and BTC may test the patience of Bitcoin bulls.

“Ideally if this consolidation continues upwards, we do NOT get anymore opportunities to load spot buys in the $26,500-$25,500ish level.

Most likely scenario is a crab environment sandwiched between daily highs/daily lows before going higher.

• If not positioned, build positions via range trading.

• If you’re already in, this should be more a test of patience than anything else.”

Source: Loma/Twitter

Looking at Loma’s chart, he appears to be predicting a Bitcoin breakout before April expires, leading to a strong BTC rally toward his target at $38,000.

At time of writing, BTC is trading for $28,487.

As for Litecoin, he thinks that LTC is gearing up for a rally toward the key psychological resistance at $100. According to Loma, Litecoin’s reaction at the $100 price level would determine whether LTC rallies toward his target at $140.

“Will be curious to see the reaction at the psychological + technical resistance around $100. Anything sustained strength above that and it’ll just cut through to $130-140 rapidly, in my opinon. Binance-CFTC [Commodity Futures Trading Commission] lows act as a good yardstick to define risk.”

Source: Loma/Twitter

At time of writing, LTC is worth $87.54.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/4K_HEAVEN/mbezvodinskikh/PurpleRender





Source link

Tags: BitcoinBTCcatchCryptoLitecoinLTCRalliesStrategiststrongTable
Share196Tweet123Share49
Cuevas Antonio

Cuevas Antonio

  • Trending
  • Comments
  • Latest
ChatGPT is Being Used to Make ‘Quality Scams’

ChatGPT is Being Used to Make ‘Quality Scams’

March 20, 2023
Rise of AI-Powered Cheating: Challenges and Solutions for Educators

Rise of AI-Powered Cheating: Challenges and Solutions for Educators

March 20, 2023
Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried

Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried

April 10, 2023
Silicon Valley Bank: Bitcoin investors in panic as market goes sideways

Silicon Valley Bank: Bitcoin investors in panic as market goes sideways

0
24 Crypto Terms You Should Know

24 Crypto Terms You Should Know

0
Bitcoin, Ethereum, Dogecoin Rally As Team Biden Cushions SVB Blow

Bitcoin, Ethereum, Dogecoin Rally As Team Biden Cushions SVB Blow

0
White House Proposes 30% Tax On Electricity Used For Crypto Mining

SBF Considered Paying Trump $5 Billion Not To Run For President

October 3, 2023
Bitcoin, Ethereum, Dogecoin Tumble As US 10-Year Yield Touches 16-Year Highs: Analyst Says, ‘Fake Satoshi’ Account Opens Window To Buy The Dip

Bitcoin, Ethereum, Dogecoin Tumble As US 10-Year Yield Touches 16-Year Highs: Analyst Says, ‘Fake Satoshi’ Account Opens Window To Buy The Dip

October 3, 2023
VanEck Rolls Out First Ethereum Futures ETF Structured as C-Corp

VanEck Rolls Out First Ethereum Futures ETF Structured as C-Corp

October 3, 2023

Recent News

White House Proposes 30% Tax On Electricity Used For Crypto Mining

SBF Considered Paying Trump $5 Billion Not To Run For President

October 3, 2023
Bitcoin, Ethereum, Dogecoin Tumble As US 10-Year Yield Touches 16-Year Highs: Analyst Says, ‘Fake Satoshi’ Account Opens Window To Buy The Dip

Bitcoin, Ethereum, Dogecoin Tumble As US 10-Year Yield Touches 16-Year Highs: Analyst Says, ‘Fake Satoshi’ Account Opens Window To Buy The Dip

October 3, 2023
VanEck Rolls Out First Ethereum Futures ETF Structured as C-Corp

VanEck Rolls Out First Ethereum Futures ETF Structured as C-Corp

October 3, 2023

Categories

  • Altcoin
  • Altcoin News
  • Altcoins
  • Artificial Intelligence
  • Bitcoin
  • Blockchain
  • Blockchain Games
  • Business
  • Crypto
  • Crypto Mining
  • Cryptocurrencies
  • Cryptocurrency
  • Culture
  • Defi
  • Dogecoin
  • Economy
  • Education
  • Entertainment
  • Ethereum
  • Featured
  • Gambling
  • Governance
  • Health
  • Lifestyle
  • Litecoin
  • Market
  • News
  • Uncategorized
  • Web 3.0
  • World

Converter

Cryptocurrency Prices by Coinlib

© 2023 Dlt Empire | All Rights Reserved

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoin
  • Crypto Mining
  • Dogecoin
  • Litecoin
  • Market

© 2023 Dlt Empire | All Rights Reserved