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Litecoin (LTC) price is falling, but it is trapped between the moving average lines.

Shiba inu started the week trading marginally higher, despite cryptocurrencies mostly consolidating on Feb. 27. At the time of writing, the global market cap is currently up 0.83%, as volatility has intensified. Litecoin also rebounded on Monday, hitting a four-day high.

Two of the most popular crypto assets on the market today are The Graph (GRT) and Litecoin (LTC). The Graph is a decentralized indexing and querying protocol that enables efficient retrieval of data on blockchain networks, while Litecoin is a peer-to-peer cryptocurrency designed to be a faster and cheaper alternative to Bitcoin.

The effects of the most recent publication of Personal Consumption Expenditures index data are still being felt in the cryptocurrency market. Including Bitcoin, 2022 has been an extremely difficult year for all cryptocurrencies. In fact, throughout the course of 2022, Bitcoin, the largest cryptocurrency in the world, lost up to 65% of its market value.

Litecoin price analysis shows a bullish market movement. The LTC/USD pair has been ascending over the past few hours and is currently trading at $93.94.

Litecoin [LTC] has been among the top-performing cryptos in 2023, jumping by as much as 33% since the start of the year, data from CoinMarketCap revealed.

A trader who correctly called Bitcoin's bottom in November and sold its recent top at about $24,700 has now fully reentered the market. This time around, the pseudonymous trader DonAlt says he bought BTC at $23,000 – which he warns is a make or break level in the short-term.

Litecoin foundation makes headlines after striking a major partnership with Metalpha Technology Holding Ltd.  The partnership will help Litecoin reduce its carbon emissions and decrease the environmental impact of its mining activities, amongst other things.

The latest Litecoin price analysis is a negative one as the coin is trading near its support level of $90.83. As of now, LTC/USD is currently trading at $91.63 and bears have been able to take control of the market as they are attempting to push prices lower than the current level.

Litecoin (CRYPTO: LTC) is trading lower by 4.27% to $90.09 during Friday's session amid weakness in the broader crypto sector. Peer cryptos Bitcoin and Ethereum have also been extremely volatile during Friday's session amid overall U.S. market weakness after the Bureau of Economic Analysis reported a 5.

Litecoin's [LTC] price action was moving in an overall ascending pattern in the last few months. More specifically, its price was restricted within a support and resistance channel since November 2022.

The partnership will jointly develop the Litecoin ecosystem to hedge risk and lower carbon emissions.

TL;DR Breakdown Litecoin price analysis suggests sideways movement below $96.00 The closest support level lies at $92.00 LTC faces resistance at the $98.00 mark The Litecoin price analysis shows that the LTC price action has found support at the $92.00 mark and the price has recovered back to the $95.00 mark.

Join #Consensus2023, the most important conversation in crypto and Web3, happening April 26-28 in Austin, Texas. Tickets on sale now: https://bit.ly/3XXIq17 Developers are forking Bitcoin ordinals to give older proof-of-work networks such as Litecoin their first set of non-fungible tokens (NFTs).

Litecoin started a fresh decline below the $100 zone against the US Dollar. LTC price is now trading below $100 and the 55 simple moving average (4-hours).

IEX Exchange is reportedly in talks with Coinbase to create a federally approved crypto exchange.

This one-of-a-kind virtual currency currently sits just under the $100 threshold, poised for a possible surge with major growth opportunities on the horizon.

Litecoin snapped a four-day losing streak on Feb. 22, despite cryptocurrency markets mostly trading lower. The token rose for the first time since Saturday's session, when prices were above $100.00. On the other hand, solana extended recent declines, falling by as much as 7%.

Following a growing trend of Ordinal inscriptions on the Bitcoin blockchain, the technology has been ported to the Litecoin network, and the number of onchain Litecoin inscriptions has surpassed 13,000. Software developer Anthony Guerrera made Ordinal inscriptions on the Litecoin network possible by receiving 22 Litecoin to port the technology to the proof-of-work (PoW) blockchain.

The last few years have seen enormous hype in the crypto sphere, and they were particularly good years for crypto service provider Binance (BNB).

Bitcoin isn't the only network that can bake NFTs directly into its blockchain. 

Litecoin (LTC) has become the second major cryptocurrency in recent months to welcome NFTs to the blockchain, despite lacking the underlying smart contract infrastructure typically required to mint digital art. It has done this with the help of the open-source Ordinals project, which was launched on the bitcoin network earlier this month.

Even though 22 LTC are worth only a little more than $2,000 in total as of today, the appeal has been answered by developer Anthony Guerrera, who says Litecoin is the only other blockchain on which Ordinals could work, thanks to SegWit and Taproot.

The price of Litecoin (LTC) is falling as a result of selling pressure at its recent high of $105.