Litecoin price prediction – Buyers, is it time to wait for a breakout?
Will Litecoin's sellers drive it back to its key support levels?
Keep up with what's happening in the crypto world in real-time.
Will Litecoin's sellers drive it back to its key support levels?
Litecoin (LTC) has been a familiar name in the cryptocurrency world since its discovers, often considered a faster and cheaper alternative to Bitcoin. Recently, however, Litecoin's value has dipped, as broader crypto market conditions influence its price trajectory.
Litecoin (LTC), currently ranked the 19th-largest cryptocurrency, has experienced surging inflows in the past week. This move is fueled by hype surrounding a potential Litecoin Exchange-Traded Fund (ETF).
Litecoin (LTC) is among altcoins to record slight gains on Monday as Bitcoin (BTC) price spiked above $68k again. This comes as cryptocurrency investment products recorded another mega inflows week, despite BTC struggling as bears rejected the advance above $69k.
The digital asset inflows last week reached a staggering $901 million with Bitcoin dominating a lion's share of the total flows. BTC has turned out to be investors' favorite this month in October ahead of the US Elections in November.
Litecoin (LTC) is making waves in the cryptocurrency world, with a significant increase in on-chain activity that could hint at a potential recovery. In just the past week, a staggering 512.8 million LTC has been transferred on the blockchain, amounting to around $36.6 billion.
Litecoin has recently recorded its highest weekly transaction volume since May 2023. The surge in network activity has ignite speculation about whether this increase could lead to a bullish move in Litecoin's price.
Litecoin's average holding period of 2.6 years surpasses Ethereum.
Litecoin has been back in the headlines for some time. The reason behind this is the altcoin's growth over the past week.
Litecoin, often referred to as the “silver to Bitcoin's gold,” has long been one of the most prominent altcoins. With a current price of $69.1 and a market capitalization of approximately $5.87 billion, LTC ranks 20th in the cryptocurrency market.
On-chain data shows Litecoin has recently recorded its highest weekly volume since May 2023. Here's what this could mean for the asset's price.
Litecoin's on-chain activity has hit a yearly high with 512.8 million LTC moving over the past week
Litecoin received a major boost last week when asset management platform Canary Capital filed for the listing of a spot Litecoin exchange-traded fund. Now Litecoin founder Charlie Lee says he believes the US Securities and Exchange Commission will give a greenlight for the spot Litecoin ETF.
Litecoin founder Charlie Lee recently spoke about enthusiasm for the ETF application, especially regarding rising institutional interest in Litecoin and possible approval. He also pointed out the importance of the demand, reflected by the more than daily 2% growth of the Grayscale Litecoin Trust, which is currently trading at more than double its NAV.
Litecoin has achieved a remarkable milestone, recording $4 billion in intraday trading volume. This achievement, marking a 16-month high, reflects a surge in interest from both investors and the general public in the world of digital currencies.
SUI reached an ATH a week ago, indicating a potential top. The next bottom will establish the entry point needed to beat its rivals.
Litecoin bulls showed up this past week, making Litecoin one of the biggest gainers among the top cryptocurrencies.
During a low volatility Saturday, the Litecoin price surged 3% to trade at $75.3. The bullish trajectory is likely fueled by on-chain recovery and a major breakout from price.
Following the filing of the spot Litecoin Exchange Traded Fund (ETF) in the United States, social engagement around Litecoin (LTC) has skyrocketed. Amid this attention from the crypto community, the LTC price has experienced an impressive price surge and is now poised for another significant rally in the coming days.
After experiencing a major setback during the first half of “Uptober”, the cryptocurrency market has regained momentum with blue chip tokens breaking out of their important resistance level this week. On the other hand, the Litecoin price has achieved its July high.
On-chain data suggests developments in these two Litecoin indicators could explain why the cryptocurrency has seen its latest price surge.
The year 2024 will go down in history as the moment when Bitcoin and Ethereum exchange-traded funds (ETFs) finally launched, transforming the crypto landscape. Eleven Bitcoin spot ETFs were approved in January, a huge leap after years of futures-based products that started trading in 2021.
Litecoin (LTC) has seen a notable increase in price, rising by more than 14% over the past two weeks. As of Friday, October 18, Litecoin is trading at around $73.86 during the early Asian market session.
Following its price increase of more than 12% in the past week to roughly $71.50 on October 16, Litecoin (LTC) is attracting more and more interest. The action followed growing buzz about a planned Litecoin exchange-traded fund (ETF) proposal by Canary Capital Group.