Litecoin

Litecoin’s price has fluctuated recently, showing short-term bullish momentum. Large investors, or whales, have increased their holdings of Litecoin despite the recent price decline. Litecoin [LTC] has been navigating a turbulent market, fluctuating between two key support levels since June 6. On June 18, the cryptocurrency began accumulating bullish momentum. However, as of this writing, Litecoin has noted a decline in its price. According to the CNF marketplace, Litecoin’s price stands at $69.75, reflecting a 6.25% decline over the last…

The Litecoin network is preparing for its 2024 summit in July that will bring together web3 developers, and innovators across the industry to discuss the LTC future. Litecoin price has struggled to establish a bullish momentum above the weekly 50 MA, thus indicating further bearish pressure. Litecoin (LTC), the third largest proof-of-work (POW) secured blockchain with a total hash rate of around 969.52 TH/s, has attracted different opinions over the years due to its macro consolidation. While some crypto analysts…

Litecoin has achieved a milestone by inscribing a record 24 million Ordinals on its blockchain network, highlighting its robust capacity to handle increased transactions efficiently. With network engagement hitting new highs, reflected in a significant increase in active addresses to 704,000, Litecoin could be poised for a price rebound. In a major milestone achievement, the Litecoin Foundation announced that they have managed to inscribe a record 24 MILLION Ordinals on the Litecoin blockchain network. This surge in activity indicates a…

On-chain data suggests Litecoin potentially has a major amount of resistance waiting just ahead, making a recovery more difficult for LTC’s price. Litecoin Has A Large Supply Wall Waiting At Levels Just Ahead As pointed out by X user Trader Kamikaze using data from the market intelligence platform IntoTheBlock, a large amount of LTC investors bought at levels that are coming ahead. Below is the IntoTheBlock chart that shows the distribution of LTC addresses based on the price at which…

Litecoin (LTC) active addresses have surged by 75%, an indication of growing network adoption. This network growth could soon fuel an LTC rally after lagging for a long time. Recent data shows that Litcoin (LTC) active addresses have surged by 75% reaching the highest point since January. In fact, standing at over 600,000 addresses, this is 100,000 more than Ethereum (ETH). The growth in addresses indicates growing adoption and network growth. Correlating with the growing number of addresses, the network…

Daily active addresses on the Litecoin blockchain have seen a drastic uptick despite days of uninteresting price action. The substantial rise in active Litecoin addresses and overall interest suggests a price rally could be on the horizon. Litecoin’s price movement has generally been left behind in the past month, with the cryptocurrency struggling to retain a positive price in the past 30 days. However, this could change very soon, as on-chain data suggests volatility could be happening very soon. The…

The price of Litecoin (LTC) has had a disappointing performance in the second quarter of 2024, despite making a positive start to the year. The cryptocurrency has been facing significant bearish pressure in the past day, with its price falling by nearly 5% in a single move. Despite LTC’s apparent struggles in terms of price action, its network has witnessed remarkable growth in recent weeks.  LTC Addresses Spike By 75% In A Single Day According to data from the on-chain…

Litecoin is gearing up for a new bull wave with key bullish signals and key metrics pointing to a breakout. Bitcoin’s continued bullish momentum could be key to LTC maintaining its new wave and the possibility of a Litecoin spot ETF. Litecoin (LTC) looks poised to stage a bullish breakout in the short term. The altcoin is flashing bullish signals with key metrics pointing to a potential upside. One of the key signals highlighted is the recently tested lower boundary…

The value of several cryptocurrencies has increased this cycle, and the cryptocurrency industry has seen tremendous expansion recently. After the huge gains that Fantom, Litecoin, and MATIC have already achieved, analysts are now focusing on the next major contender in the industry. A new cryptocurrency has surfaced as a possible candidate for the next major moonshot following a well-publicized presale.  This alternative currency has everything needed to succeed where other currencies have failed, including cutting-edge technology and robust community backing.…