The papers of the bullish Litecoin price with the height of LTC with double numbers

TL; D

• Litecoin jumped to the highest level for two weeks, outperforming the upper encrypted currencies such as Bitcoin (BTC) after SEC Spot Fund Fund Ltc ETF acknowledged.
• Analysts expect the price to rise to $ 300, but RSI is close to the peak purchase levels indicates a possible decrease.

How high is LTC?

The cryptocurrency sector has witnessed a revival within the past 24 hours, as the global market value has increased from 3.7 trillion dollars. The recovery occurred shortly after the FOMC meeting, and then the American Federal Reserve Retain Useful interest rates at 4.25 % – 4.50 %. It should be noted that, at the beginning, the decision of the Federal Reserve led to a decrease in the market.

At a later conference, Chairman of the Board Jerome Powell He said The central bank was “not against innovation” with regard to encrypted currencies. He also stated that local banking institutions are “completely able to serve encryption customers, as long as they understand and can manage risks.”

Some encrypted currencies that went north after the press conference include Bitcoin (BTC), Solana (Sol), Cardano (ADA), Chainlink (Link), and many others.

Meanwhile, Litcoin (LTC) outperformed all the best 20 digital assets, and saw a 14 % increase in 24 hours. Currently, it is traded by about $ 130, which is the highest level observed since mid -January.

maybe The most obvious factors contributing to the two -digit assembly is American SEC recognition From the intention of the Canary Fund to launch a trading box for the LTC (ETF). Once the agency acknowledges such a deposit, it begins with a regulatory review that can take up to 240 days. the possible Approval of LTC ETF provides more options for investors for exposure to asset and can positively affect the price in the long run.

Several analysts have referred to the latest LTC pump, as it depicted more gains during this bull cycle. According to To the X NebrascanGoneer user, the “Mega Bullish” origin and may rise to about 160 dollars at some point next month. Before y to you This, they are supposed This possible bull can run for Litecoin It must be followed By Bitcoin (BTC) pump.

George also immersed. X -user assumed that LTC may mimic the impressive performance of the Ripple’s XRP and Skyrockket to $ 300.

“Buy a spot again And you yearn for the margin, “the analyst Add.

Tank

despite total The upright environment and optimistic predictions of market monitors, the LTC (RSI) has a correction.

The Technical Analysis Tool measures the speed and changes price movements to help traders determine the possible reflections of the direction. The relative strength index ranges from 0 to 100, with readings above 70 indicating that the original has been clarified and may be due to decline. The ratio has He was gradually more In the past few days, currently Stand Just shy of the hibudian mark.