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.
Bitcoin (BTC) faced a considerable slump on Friday, and registered a low of $65,700 on Saturday as escalating tensions in the Middle East spooked markets. However, it found support at this level and recovered to push back above $67,000.
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.
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Bitcoin (BTC) maintains its position above $67,000 despite a brief dip to the $65,000 range during the week. BTC currently trades around the $67,000 level, and major altcoins, such as Ethereum, Solana, Ripple, Polkadot, and Dogecoins, have experienced volatile trading weeks.
Polkadot (DOT) registered a significant decline in recent days, erasing all the gains it had made the previous week. DOT dropped to $4 on Friday but recovered to trade in the $4.10 range.
Here's why DOT's fall might come to a halt soon.
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.
Polkadot (DOT) registered a significant decline in recent days and lost all gains of the previous week. Bearish sentiment overwhelmed the market, resulting in a substantial drop in the altcoin's price.
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.
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Polkadot (DOT) is down almost 92% from its all-time high. However, the layer zero blockchain network may still bounce back as its market cap is standing at over $5 billion, at the time of writing.
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
DOT rally is incoming as metric suggests
Polkadot (DOT) continued declining this week, shedding over 3% in the past 24 hours, as selling pressure continues to weigh down its price.
Polkadot (DOT), one of the major cryptocurrencies in the market, is attracting attention after breaking out of a falling wedge pattern, which is often seen as a bullish signal. With its current price hovering around $4.49, the key question is whether DOT can push through the critical $5 resistance level.
Polkadot (DOT) has registered a substantial decline over the past 24 hours, with the price down by almost 3.50% and back under $4.50. It is currently trading at $4.41.
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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.
Polkadot's falling wedge breakout could lead to a bullish phase, with $5 in focus.
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.
Bitcoin (BTC) registered its best week in over a month, with its price up almost 8% as the world's largest cryptocurrency edges towards the $70,000 mark. BTC is currently trading just under $69,000 and has been up almost 1% in the past 24 hours.
Litecoin has achieved a remarkable milestone, recording $4 billion in intraday trading volume. This achievement, marking a 16-month high, reflects a surge in interest from both investors and the general public in the world of digital currencies.
Polkadot ($DOT) has recovered to move past $4.50, gaining over 3% during the current session. $DOT is coming off a bullish week, pushing above the 20 and 50-day SMAs.
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Litecoin bulls showed up this past week, making Litecoin one of the biggest gainers among the top cryptocurrencies.
Polkadot (DOT) is currently attracting attention within the cryptocurrency market as it exhibits characteristics similar to its historic performance in 2020. Following a period of accumulation and positive sentiment, DOT is showing signs of a potential rally, prompting traders to consider its future trajectory.
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.
Polkadot (DOT) has made a substantial recovery over the past couple of sessions, having pushed above the 20 and 50-day SMAs. It is currently trading around the $4.40 mark.
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.
Polkadot (DOT) is currently navigating a tricky phase, with recent market trends suggesting a short-term setback for the cryptocurrency. After a slight decline, traders seem to be holding out for more favorable conditions before re-entering the market.
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.
Polkadot's positive sentiment leaves analysts eyeing another DOT rally after accumulation.
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.
The increased activity comes amidst Canary Capital's filing for a Litecoin ETF that aims to offer institutional and retail investors with direct exposure to the altcoin.
Since last weekend, crypto buyers have returned enthusiastically, delivering the Q4 momentum many had anticipated. With Bitcoin's October performance flipping to the green, the altcoin market is gathering sufficient strength to spark a high-momentum rally.
With the Bitcoin price crossing above the $68,000 mark, the close cousins of Bitcoin are making a bullish comeback. The Litecoin price has surpassed a critical $73 mark in the recent crypto rally. With the bullish trend gaining momentum, let's see the chances of the LTC price hitting the $100 psychological mark.
Polkadot (DOT) has made a modest recovery during the ongoing session and is currently up by almost 1.50% as it looks to push above the moving averages and chart a path back to $4.50.