The start of the April trade was pretty bullish but after a couple of days, the price slashed by more than 18% and could manage to recover by only 5.39% at the press time. With a fortnight of trade remaining this month, one can expect a choppy trade below INR 10,000.
The possibility of the asset again rejecting the INR 10,000 levels is very high and hence the traders need to be more cautious entering the long trade. However, after the minor rejection, the price may rebound with strong velocity to ignite a healthy uptrend for the next month.
Litecoin price showcased a huge strength during the 2021 bull run and smashed highs above INR 32,400. Woefully, the asset maintained a strong descending trend since then, while each attempt at a rebound is failing miserably.
The LTC price is consolidating and may rebound above INR 10,000 only with a significant change in the market trends. The higher levels the asset may reach in 2022 may be around INR 22,500 to INR 24,000. And with the presence of bears, the price may be restricted below INR 20,000 but after reaching the yearly highs.
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