Litecoin Price Prediction as LTC Rallies 38% From Recent Bottom – Can LTC Reach $100 in 2023?
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Litecoin (LTC), the cryptocurrency that power’s the payment-focused Litecoin blockchain that was born out of a hard fork of the Bitcoin blockchain back in 2011, has pulled lower from earlier session highs in the $96 area on Friday and was last changing hands close to $91
That means the cryptocurrency, the world’s 13th largest by market capitalization according to CoinGecko, is down around 3.0% on the day and is lower by around 2% in the last 24 hours. Nonetheless, price predictions remain upbeat.
Litecoin’s pullback from earlier session highs, which aren’t far below earlier monthly highs around $98, comes as sentiment in the broader crypto market eases.
Bitcoin hit fresh nine-month highs earlier in the day but is also easing as traders fret about expected US Securities and Exchange Commission enforcement action against Coinbase and as bank crisis concerns resurface amid fears about European behemoth Deutsche Bank.
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