{"id":587799,"date":"2024-10-16T07:48:20","date_gmt":"2024-10-16T07:48:20","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=587799"},"modified":"2024-10-16T07:48:20","modified_gmt":"2024-10-16T07:48:20","slug":"litecoin-price-prediction-ltc-pumps-7-after-canary-capital-litecoin-etf-filing-as-experts-say-this-staking-meme-coin-could-soar-100x","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/litecoin-price-prediction-ltc-pumps-7-after-canary-capital-litecoin-etf-filing-as-experts-say-this-staking-meme-coin-could-soar-100x","title":{"rendered":"Litecoin Price Prediction: LTC Pumps 7% After Canary Capital Litecoin ETF Filing As Experts Say This Staking Meme Coin Could Soar 100X"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Litecoin price surged 7% in the last 24 hours <\/span><a href=\"https:\/\/www.geckoterminal.com\/bsc\/pools\/0xe6b58b6e20099f43aabe13a19908d9046a86689d\"><span style=\"font-weight: 400;\">to trade at $71.26<\/span><\/a><span style=\"font-weight: 400;\"> as of 00:56 a.m. EST on trading volume that skyrocketed 164% to $972 million.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This comes after Canary Capital announced that it had filed for its first LTC spot exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC).&nbsp;<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Canary Capital has filed the first Form S-1 for a LTC ETF with the U.S. Securities and Exchange Commission (SEC). If approved, the ETF will provide both consumer and institutional investors with wide-spread direct exposure to <a href=\"https:\/\/twitter.com\/hashtag\/Litecoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Litecoin<\/a> &lsquo; <a href=\"https:\/\/twitter.com\/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$LTC<\/a> &rsquo; &#9889;&#65039;<a href=\"https:\/\/t.co\/ob3heK7dFS\">https:\/\/t.co\/ob3heK7dFS<\/a> <a href=\"https:\/\/t.co\/IfjcdCPle6\">pic.twitter.com\/IfjcdCPle6<\/a><\/p>\n<p>&mdash; Litecoin Foundation &#9889;&#65039; (@LTCFoundation) <a href=\"https:\/\/twitter.com\/LTCFoundation\/status\/1846228571783922119?ref_src=twsrc%5Etfw\">October 15, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">According to the filing, Canary&rsquo;s proposed ETF aims to hold spot LTC and closely track the performance of the CoinDesk Litecoin Price Index (LTX).<\/span><\/p>\n<h2>Litecoin Price Could Continue Soaring<\/h2>\n<p><span style=\"font-weight: 400;\">The Litecoin price has been on a notable surge in October, as the bulls took control of the price within the $62.19 to push LTC up to the $67.94 resistance. The movements within this resistance allowed the price of Litecoin to form an inverse head and shoulders pattern, according to data from <\/span><a href=\"https:\/\/www.geckoterminal.com\/bsc\/pools\/0xe6b58b6e20099f43aabe13a19908d9046a86689d\"><span style=\"font-weight: 400;\">GeckoTerminal<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As a result, the bulls then took control of the price to stage a trend continuation to the current price.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Litecoin price now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which confirms the upward trajectory&rsquo;s continuation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Relative Strength Index (RSI) is currently at 76.46, which indicates that the asset is in overbought territory. A reading above 70 usually signals overbought conditions and could suggest a potential pullback or consolidation after this sharp rally.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The MACD shows a bullish crossover, with the MACD line (blue) crossing above the signal line (orange). This suggests that momentum has shifted in favor of the bulls.<\/span><\/p>\n<figure id=\"attachment_587800\" aria-describedby=\"caption-attachment-587800\" style=\"width: 1274px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-587800\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/10\/Biswap-V3-_GeckoTerminal.com_LTC_2024-10-16_07-56-41.png\" alt=\"Litecoin Price Chart Analysis Source: GeckoTerminal.com\" width=\"1274\" height=\"548\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/10\/Biswap-V3-_GeckoTerminal.com_LTC_2024-10-16_07-56-41.png 1274w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/10\/Biswap-V3-_GeckoTerminal.com_LTC_2024-10-16_07-56-41-300x129.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/10\/Biswap-V3-_GeckoTerminal.com_LTC_2024-10-16_07-56-41-1024x440.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/10\/Biswap-V3-_GeckoTerminal.com_LTC_2024-10-16_07-56-41-768x330.png 768w\" sizes=\"(max-width: 1274px) 100vw, 1274px\"><figcaption id=\"caption-attachment-587800\" class=\"wp-caption-text\">LTCUSD Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n<h2>Litecoin Price Prediction<\/h2>\n<p><span style=\"font-weight: 400;\">According to the Litecoin price analysis on the 4-hour chart, a head-and-shoulders pattern has been identified. The head forms around the $64 mark, and the right shoulder shows a breakout at around $66. This pattern is typically a reversal signal. In this case, the successful breakout above the neckline suggests that the reversal from a downtrend to an uptrend is confirmed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If this trend continues, the price of Litecoin could soar even higher as the bulls target $80.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In an inverse scenario, the bears could now capitalize on the asset being oversold, as shown by the RSI, which could push the LTC price through a correction back to the $64 support level.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, investors willing to take more risk might take a look at the new meme coin <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/cryptoallstars\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Crypto All-Stars (STARS)<\/span><\/a><span style=\"font-weight: 400;\">, which has blasted past $2.3 million in funds raised in its presale.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to 99Bitcoins, a prominent crypto channel on YouTube with over 706K subscribers, $STARS has the potential to soar 100X after its launch.<\/span><\/p>\n<p><iframe title=\"THIS MEME COIN PROJECT WILL 100X (PLUS EARN 5000% AP!!!) PRESALE GEM CRYPTO ALLSTARS\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/rQdGbjB5jSU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>The Crypto All-Stars Presale &ndash; Best Crypto To Buy Now?<\/h2>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/cryptoallstars\" rel=\"nofollow\"><span style=\"font-weight: 400;\">C&#847;rypto All-S&#847;t&#847;a&#847;r&#847;s<\/span><\/a><span style=\"font-weight: 400;\"> is a revolu&#847;t&#847;ion&#847;ar&#847;y project that b&#847;ring&#847;s the M&#847;emeVault eco&#847;syste&#847;m to the cryp&#847;to wor&#847;l&#847;d. Through MemeVault, users can stake popular meme coins like DOGE, SHIB, and PEPE in one place, while earning STARS tokens as rewards.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The uniq&#847;ue design &#847;of th&#847;e M&#847;emeVault &#847;platform&#847; unites me&#847;me coin staking u&#847;nder&#847; on&#847;e &#847;um&#847;b&#847;r&#847;ella, p&#847;rovid&#847;ing enhanced util&#847;ity an&#847;d rew&#847;ards.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Why Is Everyone Excited?<\/p>\n<p>In its initial presale phase, Crypto All-Stars raised over $350k! &#128176;<\/p>\n<p>This early success shows that investors see BIG potential here. &#128640;<\/p>\n<p>Could this be the next <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$PEPE<\/a>? &#128064;<\/p>\n<p>&mdash; web3telepath (@web3telepath) <a href=\"https:\/\/twitter.com\/web3telepath\/status\/1824051738833260654?ref_src=twsrc%5Etfw\">August 15, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Another eight meme coins can be staked on the platform from the outset: Floki Inu, Brett, Mog Coin, Milady, Turbo, Toshi, Coq Inu, and Bonk. And there are plans for more to be added<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Apart from staking other meme coins, you can also<\/span> <span style=\"font-weight: 400;\">take your $STARS tokens<\/span><span style=\"font-weight: 400;\">, which have a huge annual percentage yield (APY) of 630%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can buy $STARS tokens for $0.0015007 each right now. But with a price hike coming in less than 2 hours, you should act fast to secure the best deal.<\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/cryptoallstars\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Purchase $STARS from its official website here using BNB, USDT, or a bank card<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2>Related News<\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/jacob-burys-5-best-crypto-picks-for-todays-market-aave-neiro-pepu-brett-om\"><span style=\"font-weight: 400;\">Jacob Bury&rsquo;s 5 Best Crypto Picks for Today&rsquo;s Market &ndash; $AAVE, $NEIRO, $PEPU, $BRETT, $OM<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-nft\/\"><span style=\"font-weight: 400;\">Best NFTs to Buy and How to Buy NFTs<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-bitcoin\/credit-card\/\"><span style=\"font-weight: 400;\">How to Buy Bitcoin with Credit Card<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Most Searched Crypto Launch - Pepe Unchained<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/pepu.svg\" alt=\"Pepe Unchained\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>Layer 2 Meme Coin Ecosystem<\/li>\n                                                                                                    <li>Featured in Cointelegraph<\/li>\n                                                                                                    <li>SolidProof &amp; 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