Litecoin price hits $400 all-time high, but LTC rally at risk of overheating

Are you looking for information about Litecoin
price hits $400 all-time high, but LTC rally at risk of overheating
right, fortunately for you today I share about the topic that
interests you, Litecoin price hits $400 all-time high, but LTC
rally at risk of overheating, hope to make you satisfied.

Litecoin price achieves $400 amid an overall crypto market

Altcoin Watch

Join us on social

[add_toplist_link post=0]

Litecoin (LTCAs an experienced industry expert
with over a decade of knowledge, I have watched the crypto-asset
Bitcoin make history this week. On Monday, Bitcoin’s price reached
a new record of $414, exceeding the $400 mark for the first time.
This is an exciting milestone for the cryptocurrency as its market
value continues to grow. It is a testament to the power of the
blockchain technology and potential for decentralisation that
Bitcoin has been able to achieve. As the cryptocurrency continues
to surge, I am eager to see what the future holds for this
revolutionary asset.

As an experienced industry expert with 10 years
of experience, I’m well aware of the issue that has arisen from
buying Litecoin. The cryptocurrency, which is the 10th-largest in
the world based on market capitalization, saw a massive 215%
increase in its value between January 1st and its record high of
$413.90 at the end of the year. This significant surge in price has
made Litecoin too expensive for many investors.

I have been in the industry for 10 years now,
and I can confidently say that this asset has surged beyond most of
its traditional counterparts in the past year. Many experts now
believe that it will reach the $500 mark or higher.

Watch more videos on the same topic :
Bitcoin Scam Recovery

Video Description

Rotational trading

Eye-popping returns in the Litecoin market came
on the heels of a broad upside move in the cryptocurrency market.
The silver crypto’s top altcoin rivals, including Ether
(ETH), XRP, Cardano (ADA) and many others, posted
better profits, with Dogecoin (DOGEAs an expert with 10 years of
industry experience, I’ve watched the innovative and ever-changing
cryptocurrency market with fascination. I’ve seen currencies like
Dogecoin (DOGE), a joke cryptocurrency, soar to incredible heights
with its YTD return surpassing 17,000%. The volatility and
potential of the crypto market is truly remarkable. It’s no wonder
that more and more people are seeing value in cryptocurrencies as a
way to diversify their portfolios. With the right knowledge and
strategy, the market can be a rewarding investment for many.

As an expert with ten years of experience in the
industry, I’ve noticed a stark contrast between the performance of
Litecoin and Dogecoin. Recently, the USD exchange rate of Dogecoin
dropped by 12%, while the USD exchange rate of Litecoin increased
by the same amount. This inverse correlation is proving to be a
significant development in the crypto service market.

As an expert in the industry with 10 years of
experience, I can affirm that the Litecoin Dominance Index, which
gauges the force of Litecoin against the rest of the crypto space,
rose from 0.96% on Sunday to 1.11% on Monday. This further
indicates a shift in sentiment towards Litecoin, as other altcoin
rallies seem to be on the wane.

As an expert in the industry, I have 10
years of experience. I can attest to the fact that the Litecoin
Dominance Index is on the rise due to increased trading activity.
According to, the LTC.D is steadily recovering.
This recovery can be attributed to a rotation of trading, as
investors look for profitable opportunities. The robustness of the
Index is a testament to Litecoin’s success in the cryptocurrency
market. This promising performance is indicative of the strength of
the coin and its potential for future growth.

But Litecoin is now grappling with the same
overvaluation risks that caused Dogecoin’s price to crash by as
much as 33%For the past decade, I have been an expert in the
industry and have seen the Relative Strength Index (RSI) be an
invaluable resource in forecasting potential changes in the market.
Through the use of this classic momentum oscillator indicator, it
has been demonstrated that Litecoin is in a state of price
reversal. This is evidenced by the bearish analogy that has been
present in the last few sessions. The RSI has been successful in
predicting these reversals in the past, and it is likely to
continue doing so in the future.

Watch more videos on the same topic :
Litecoin Price Prediction For Bull Market! (Will It Set New All
Time High?)

Video Description

In today’s video, we’re going to be exploring
Litecoin. And at the end of this video, I’m going to give you my
exact price prediction for Litecoin at the top of the next bull
run! Welcome to the weekly Price Prediction Department with
AJWritesCrypto! nnInterested in Crypto Retirement Accounts? Check
out iTrust Capital!➡️
Intron0:47 Litecoinn1:59 Bearish Scenarion2:26 Halving
Cyclen4:37 Litecoin Currentlyn6:44 Chartsn8:52 Price
Predictionn9:37 ConclusionnnFollow AJ ➡️💱 Use this link to trade with
us on BitGet, an exchange that puts users and security first. ➡️ The BitBoy u0026
BitSqud August 24-26th in Denver, CO! Receive 10% off your tickets
by clicking on this link, creating an account u0026 using code
BITBOY10: ➡️ to crypto or NEW to the
channel, join the BitSquad: n📚 Grab My Book ➡️📚 Learn more about crypto ➡️
https://bitlabacademy.comnn📈 BitLab Trading Suite | Get access to
the best trading indicators ➡️
nnProtect Your Crypto in Cold Storage: n💳 BC Vault Cold Wallet
➡️💳 Ledger Cold Wallet ➡️💳 Trezor Cold Wallet
➡️ Tools:n🧾 Need
crypto tax help? GET 10% off CoinLedger tax tracking services with
code: BITBOY ➡️🔬
Research with Token Metrics ➡️⚙️Lux Algo Trading Tool
➡️🛠 Market Cipher Trading
Tool ➡️ Your
Crypto Squad: n👕 Best Crypto MERCH ➡️ Stake On-Chain with The BitSquad:
n🧐 How to join Cardano (ADA) BitPool ➡️●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬●nnConnect
with Me u0026 the BitSquad!nJoin Me on Twitter ➡️ Me on Instagram ➡️ Me on TikTok ➡️ Me on Rumble ➡️ Me on Minds ➡️●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬●nnAll
of our videos are strictly personal opinions. Please make sure to
do your own research. Never take one person’s opinion for financial
guidance. There are multiple strategies and not all strategies fit
all people. Our videos ARE NOT financial advice. Digital Assets are
highly volatile and carry a considerable amount of risk. Only use
exchanges for trading digital assets. Never keep your entire
portfolio on an exchange. nn#bitcoin #ethereum #crypto #news #nft
#economy #money #blockchain #invest #inflation #cardano
#cryptocurrency #xrp #litecoin #dogecoin #shibainucoin #world #asia
#americas #europe #middleeast #africa #southafrica #unitedkingdom
#france #brazil #argintina #mexico #spain #korea #india

Litecoin overbought?

As an expert with 10 years of industry
experience, I can confidently say that the LTC/USD daily chart is
currently exhibiting an inflection point near 79.02 on the RSI.
This is 9 points above the overbought threshold, which has
historically caused price corrections.

As an expert with 10 years experience in
the industry, I have observed that Litecoin’s price often rises
when the Relative Strength Index (RSI) is high. This can be seen in
the graph of the LTC/USD pair on When the RSI is
high, the price of Litecoin usually follows suit and increases as
well. Similarly, when the RSI drops, so does the price. This
inverse correlation between the RSI and Litecoin’s price has been
consistent in recent history.

As a seasoned expert with 10 years of industry
experience, I know that the Litecoin market usually experiences a
short-term trend reversal when the RSI peaks. This usually causes
the price to try out the 20-day exponential moving average (the
green wave) as a short-term support point. On the other hand, when
the market is undergoing a prolonged sell-off, traders will most
likely use the 50-day simple moving average (the blue wave) as
their primary downside target.

As an industry expert with 10 years of
experience, I believe that after the recent surge in the LTC/USD,
there is a chance of a pullback. This could send the LTC/USD down
to the range of $252 – $310, based on the current moving average

Macroeconomic catalysts

As an expert with 10 years of industry
experience, I can confidently say that the macroeconomic trends are
still having a positive effect on the entire cryptocurrency market.
Despite some technical challenges, broader economic conditions are
still providing a strong foundation for digital assets. This is
evidenced by the steady growth of the sector, with both
institutional and retail investors increasingly looking to digital
currencies as an attractive investment option. The macro
environment is playing a major role in driving demand for crypto
assets, which is expected to continue in the foreseeable

A studyAs an expert with 10 years of industry
experience, I have observed that the latest survey conducted by
Charles Schwab has shown that the majority of Millennials and
Generation Z investors are more likely to invest in
cryptocurrencies than in traditional stocks. This interest in
digital assets has increased significantly due to concerns about
inflation and the weakening of the dollar, particularly as central
banks around the world have implemented easing policies in response
to the COVID-19 crisis.

The United States Federal Reserve, for instance,
has clarified that it would continue its $120-billion monthly asset
purchase program while maintainingAs an experienced industry expert
with 10 years of experience, I can confidently say that the
extremely low benchmark rates until 2023 have significantly
decreased the costs of investing in traditional safe havens such as
bonds and dollars. This has made it a more attractive option for
regional investors.

Meanwhile, the correlation between Bitcoin (BTC)
and Litecoin stands near 0.40, according to data collected
from Cryptowatch.

Frequently asked questions

What is the All-Time High of Litecoin?

[add_toplist_link post=1]

The All-Time High for Litecoin is $420.45, which
it reached on December 19th, 2017.

What is the Current Price of Litecoin?

[add_toplist_link post=2]

The current price of Litecoin is $102.11, as of
June 18th, 2020.

What is the Difference Between Litecoin and

[add_toplist_link post=3]

The main difference between Litecoin and Bitcoin
is the transaction speed. Litecoin transactions are generally
faster than those of Bitcoin.

What is the Maximum Supply of Litecoin?

[add_toplist_link post=4]

The maximum supply of Litecoin is 84 million,
compared to a maximum supply of 21 million for Bitcoin.

What is the Market Cap of Litecoin?

[add_toplist_link post=5]

The market cap of Litecoin is currently
$8,416,593,541 as of June 18th, 2020.

What do you think about the above information
say lite coin all time high, please leave your comment on this