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The Litecoin price has been on a rapid rise this week from the $41.50 support level. In fact, investors have been watching in awe as LTC jumps 8% in two days, and is now trading above $50. Hence, Litecoin has successfully overcome the strong resistance zone around $48.90. And from the looks of things, this trend is nowhere near finished quite yet.
The Litecoin analysis is showing very strong bullish momentum, and analysts suggest the price may even reach up to $65. However, for the moment, the next Litecoin price target the bulls are aiming for is $58.80, where they are bound to see some resistance.
But as pointed out, with the current momentum, that shouldn’t be too big of a hurdle. And with that in mind, the remainder of the Litecoin October forecast for the most part entails further gains.
Stay tuned for our full Litecoin October forecast and find out where the cryptocurrency is likely to be headed over the next few weeks. And if you have your own Litecoin price prediction, please let us know in the comments!
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Are Litecoins Worth It, UPDATE Litecoin Price Analysis October 2020 | LTC Jumps 8% in Two Days.
World Paper Money To Be Changed By Electronic-Digital Currency
At 3:00 am EST London merchants start their day and surface at 11:00 am EST. Turn your WordPress website into a web shop with this e-commerce service. Call choices provide the contract holder the right to buy the currency.
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Historically, numerous commodities have actually worked as money – that is, as a means of exchange. A few of these products have actually included special items of unique worth to particular cultures and conditions, like salt or tobacco. However, traditionally, just 2 products stand out as having passed the test of time – gold and silver. The reason is quite easy. Both of these metals have intrinsic value and can not be counterfeited or produced at will.
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