This piece of Litecoin price action certainly justifies the expectations of a sustainable uptrend, but at this particular junction, traders should be extra cautious about going long on LTC, unless a small 20% profit from then the price will pop up from $108 to the first level of serious resistance at $144 would suffice them. First, let’s say that Litecoin had been preparing for the ongoing bullish rally for a really long time, and executed it quite elegantly by breaking the descending triangle to the upside and establishing a foothold above the 99-period moving average.
On this weekly chart, we will determine the most important price levels to watch in 2021 and analyze the future scenario on the basis of the past price action. They would try to dump the coin, which caused so much frustration, at a minimum profit just to get out of the market and look for greener pastures, perhaps somewhere among DeFi coins. That would be the time when Litecoin should encounter a serious selling pressure because it’s the psychology of most retail traders who were forced to keep the underperforming asset in their portfolios instead of exiting the losing trade in a timely manner.
Yfi price prediction 2025 full#
These unfortunate events forced many hopeful traders to sell in panic or hold full bags of the rapidly cheapening coin, which they will most likely offload once the price breaks $140 - $150 to the upside, which, according to our forecast, will happen in Q1 of 2021. As a result, the mining reward got cut in half to 12.5 coins per block, along with the price of LTC that deflated from $144 to $75 in just one month, and then to $23 during the coronavirus flash crash in March. There have been huge expectations concerning LTC’s possible bull run after the last halving that took place on August 5, 2019. Litecoin’s post-halving disappointment and the prospects of selling pressure in 2021 That leaves us wondering whether LTC has lost its flair and would eventually degrade to a mid-ranked altcoin or would it turn out to be a temporary setback and the coin will regain its former glory. In the meantime, the altcoin’s older brother - Litecoin is a hardfork of Bitcoin - has been crushing one all-time high after another, having embarked on a price discovery trip that many predict would end up somewhere around $50,000. As for Litecoin’s market capitalization, it has also recovered to $7 billion after being kept under $4 billion by persistent sellers for almost the entire duration of 2020. Right now, Litecoin is priced at $108, the result of last week’s 31% bullish run that occurred in the USD pair, though LTC has also been doing well against the two dominant cryptocurrencies: 5% to the upside in a month against BTC and the 8% gain against ETH. Until recently, the Litecoin price has been doing nothing but sliding downhill as it traveled from the all-time high at $373 all the way to the $40 region, and by now has recovered only 29% of that astronomical loss.Ī glance at the Litecoin historical chart would be enough to understand that despite the fact that the buyers have driven up the price of LTC in USD by 170% since the dawn of the year, and by 32% to the upside in the past 30 days, the progress of which is depicted on the chart below, the Digital Silver remains buried deep in the zone controlled by the bears. 200-day EMA sits at $14,375.86 this is 22.69% of the current rate.Īccording to our Yearn.finance price prediction, the price of YFI can hit $15,998.16 in the next 10 days, what's about the long-term forecast price for 2025 will be $142,515.53, and the prediction for 2030 is $240,853.88.The past two years have been very tough for Litecoin (LTC), a cryptocurrency that is often referred to as the silver to Bitcoin’s gold, because the bears have been dominating the market throughout the whole period. Yearn.finance price currently sits above the 50 and 100-day EMAs. The daily chart exponential moving averages show a bullish signal. The first major uptrend resistance for YFI is at the $13,871.57 level, it needs to close above that level to continue to move higher, bottom support sits at the $10,450.27.ġ4-day relative strength index (RSI) stands at 70.55 representing Overbought conditions, overbought signals that price can drop in the near term.
The maximum price ever recorded in our base for one YFI is $79,749.32, it was 1 Year 2 month ago, The current price is down by -86.06%.įrom a total of 17 technical indicators 9 calls to buy and 5 to sell, so prediction sentiment short-term is bullish at this moment based on technical price analysis. 50.70% of days, the price of YFI closed above the opening. The latest price for one Yearn.finance/YFI coin is $11,114.37.
0 kommentar(er)
