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Bitcoin Cash [BCH] has been overshadowed by its more popular counterparts for the major part. Nevertheless, it has managed to retain a sizable following, and it is perhaps the most underrated cryptocurrency as far as decentralization is concerned.
Litecoin (LTC) is celebrating another win despite the ongoing market turmoil. The network's latest update confirms that it has maintained its transaction consistency on BitPay.
Litecoin price analysis confirms the bearish trend for today, as the selling pressure increases on the coin. The digital asset dropped by roughly 12.35 percent for the last 24 hours, and the LTC/USD pair is displaying a strong bearish momentum as bears push the price down to the $71.21 level.
The Litecoin (LTC) price could correct for the entire month after it was sharply rejected by the $105 area.
On days like this when the market is down, investors tend to focus on other growth performance that showcases which protocol has positive fundamentals and which does not. In the case of Litecoin, this metric is the transaction count on the network, and as the protocol revealed, it ranked ahead of top cryptocurrencies like Dogecoin (DOGE) over the past six months.
Litecoin [LTC] depreciated 20% since mid-February after price rejection at $103. The increasing market uncertainty since mid-February has increased selling pressure on LTC.
Litecoin (CRYPTO: LTC) and Ethereum Classic (CRYPTO: ETC) are both facing selling pressure and trading lower Thursday afternoon. The broader cryptocurrency market is experiencing marked weakness as Silvergate Capital Corp's planned liquidation has weighed on banks with crypto exposure.
Litecoin price analysis for today shows that the bearish trend is still in charge, as the cryptocurrency has been trading below the $84.00 level over the past few days. As of writing, Litecoin's price is at $82.84, which marks a 0.72% decline from its 24-hour high of $84.76 earlier today.
A major looming catalyst for the cryptocurrency has thus far failed to do much to lift its price.
Late last month, the Ordinals protocol was forked into Litecoin (LTC,) the second cryptocurrency network, with just a modest monetary reward and some technical skill, according to the developer. Anthony Guerrera, an Australian software developer, released a repository on GitHub on February 18 that forked the Bitcoin Ordinals to Litecoin.
Litecoin started a fresh decline below the $95 zone against the US Dollar. LTC price is now trading below $92 and the 55 simple moving average (4-hours).
LTC Casino, a leading online casino and a No KYC Casino, has announced the launch of its latest event, the BGaming Race, an exclusive online slots tournament featuring popular slot games from BGaming. The tournament is open to all players, allowing participants to win big prizes while competing against each other.
The strength in the U.S. dollar suggests that the risky assets may remain under pressure in the near term, but Bitcoin and select are showing signs of resilience.
The recent Litecoin price analysis is showing signs of bearish activity, as the bears seem to be taking control of the market, pushing the digital asset down to $84.00 from a high of $86.69 in just 24 hours.
In a recent press release, Bybit cryptocurrency exchange announced the launch of a Bybit debit card, powered by Mastercard. Bybit reveals that plans to launch a physical card in April are currently ongoing.
Litecoin (LTC) price has fallen below the moving average lines. In the bearish trend zone, the cryptocurrency asset is prone to decline.
Litecoin fell beneath a range it traded within since early February. In doing so it shifted the bias strongly in favor of the bears.
According to a tweet posted on Sunday, March 5, Litecoin's highly-anticipated halving event is set to take place in the next 150 days. This means that the latest and third halving of Litecoin cryptocurrency will happen on August 4, 2023.
Ethereum classic remained near a two-month low on March 6, as a cloud of uncertainty continued to hover over markets. The global crypto market cap remained bearish to start the week, and is down 0.55% at the time of writing. Litecoin also moved lower on Monday.
Quick Take Back In January, CryptoSlate reported that Litecoin total addresses surpassed Ethereum.
Litecoin (LTC), despite its recognition as one of the top legacy blockchain protocols, has joined the list of altcoins whose prices have been in a downtrend all week long. The cryptocurrency has dropped approximately $2.75 in its price, atop a 3% drop over the past 24 hours.
Litecoin (LTC) released a new network upgrade Friday – the Litecoin Core 0.21.2.2 – designed to impress investors. The official announcement regarding this new minor version release highlighted a critical security update affecting prior versions of the platform, as well as improved node and network securities for the benefit of users.
One of the ways to increase investors' interest in crypto is network improvement. Developers of cryptocurrencies usually come up with improvement proposals to make the network efficient, accommodating the needs of the users and fixing issues hindering seamless transactions.
On 2 March 2023, Litecoin [LTC] released a new network upgrade named Litecoin Core 0.21.2.2, which, according to the official announcement, was a new minor version release. The new release included an important security update affecting prior versions.
