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Increased use cases and public trust put the decentralized veteran altcoin LTC back in the limelight.

The market is very pleased with the results of the Federal Reserve meeting, which concluded yesterday afternoon.

Shiba Inu (SHIB), Dogecoin (DOGE), Litecoin (LTC) and other cryptocurrencies supported by BitPay are now accepted by the London Lions, a top U.K. basketball club.

As Bitcoin, Ethereum and most other cryptocurrencies opened the year on a bullish note, a few of the altcoins couldn't enter the race immediately. One such altcoin is Litecoin, a decentralized peer-to-peer cryptocurrency which failed to ignite a rally immediately.

Litecoin prices have reached a major psychological level at three figures. Meanwhile, accumulation has continued for the 'silver to Bitcoin's gold.

Litecoin started a strong increase above $95 against the US Dollar. LTC price is now trading above $92 and the 55 simple moving average (4-hours).

The price of Litecoin ($LTC) has surged nearly 90% since early November, with the movement seemingly being supported by so-called Litecoin ‘sharks,' or large addresses that have been heavily accumulating the cryptocurrency.

Litecoin (LTC) is rallying with big support from shark addresses that have accumulated more than $108 million worth of the token within months, according to Santiment. Crypto analytics firm Santiment says shark addresses have “aggressively” accumulated the token since July 2022, helping to push it toward $100.

Crypto traders are waiting for the result of today's FOMC and it's possible that the recent downside could reverse course if Powell's statements hint at an improving U.S economy.

Litecoin [LTC] and Mastercard have announced a collaboration to launch the Litecoin Mastercard in the United Kingdom and Europe. While making the announcement on 30 January, a post demonstrated that it will construct a payment bridge between cryptocurrency and traditional finance (TradFi).

Litecoin raced to a nine-month high on Feb. 1, following a breakout of a key resistance level. The surge in price comes as the global cryptocurrency market cap rose marginally higher today, and is up by 0.57% as of writing. Cosmos was another notable mover, with prices up for a second straight session.

The market for Litecoin price analysis is in a positive momentum as the digital asset moved above $95.00 during today's session. The LTC/USD pair is trading at the $95.73 level which is a good sign for the bulls.

Litecoin [LTC] and Mastercard have announced a partnership, which would introduce the Litecoin Mastercard in the UK and Europe. A post on 30 January, while making the announcement, demonstrated that it would build a payment bridge between cryptocurrencies and traditional finance (TradFi).

The Litecoin price analysis reveals bullish momentum. The LTC/USD price has dramatically increased today, rising from $91.15 to trade at $94.63 as of this writing.

Litecoin (LTC) has rallied about 33 percent in the past 30 days to trade around $93.66 on Tuesday. The proof-of-work (PoW) secured digital asset enjoys over 7,365,212 holders who have made a total of 142,360,884 transactions since inception.

Litecoin (LTC) prices are rising as a result of a series of higher highs and lower lows.

Strong whale accumulation has seen the LTC price jump by 38 percent alone this month.

Since the end of the first 10 days of November, the price of Litecoin has risen by 80% to $97.77 per LTC, the highest in eight months. The unprecedented growth of this dino coin, as old cryptocurrencies like Litecoin are called, can be attributed to two key causes.

The Litecoin (LTC) price could begin a correction that lasts the entirety of Feb.

Litecoin (LTC) has seen a substantial increase in value following the FTX-induced drop last November. It has so far rallied by 89% since dipping below $50 on Nov. 9 in the wake of the FTX implosion.

Few other cryptocurrencies have performed as well as Litecoin [LTC] in 2022's bear market. Since hitting the lows of June 2022, both the price and market cap have more than doubled in value at press time, data from CoinMarketCap showed.

Definition Realized Price is the Realized Cap divided by the current supply.

The Litecoin price analysis shows a bearish market as the coin dropped to $90.34 in early trading today. The crypto's price has dropped significantly since then and is currently facing strong resistance at the $96.95 level.

Officials in New York are proposing a bill that would make a slew of prominent crypto assets acceptable forms of payment for state agencies.