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Cboe made another foray into cryptocurrency market following acquisition of ErisX

Litecoin started a strong increase above $85 against the US Dollar. LTC price is now trading above $82 and the 55 simple moving average (4-hours).

Litecoin ($LTC), a cryptocurrency that's often referred to as the silver to Bitcoin's gold, has been seeing its adoption explode, to the point that the total number of addresses on the network has now surpassed the total number of addresses on Ethereum ($ETH).

Litecoin [LTC] was one of the top trending coins between 17 – 24 January, and for good reason. It has outperformed many top coins in the last few months, including Bitcoin [BTC] on key metrics, but what does this mean for its future?

Bitcoin and the wider crypto market began to correct after the bullish momentum that drove last week's rally to year-to-date highs started to fizzle out.

Shiba Inu has once again been flipped by Litecoin in terms of market cap as the meme coin has recorded losses of 6% in the past 24 hours. Shiba Inu Is Down More Than 6% Today The year 2023 so far has overall been a pleasant time for SHIB holders as the coin is up around 40% year-to-date.

TL;DR Breakdown Litecoin price analysis suggests a downward movement to $85.00 The closest support level lies at $85.00 LTC faces resistance at the $90.00 mark The Litecoin price analysis shows that the LTC price action has fallen below the $87.50 support level as the bearish pressure increased.

The crypto world seems to be going through a glorious January

Litecoin (LTC) price is still moving below the $91 level.

Data shows Litecoin has been observing accelerating adoptions recently, as its total addresses have now surpassed that of Ethereum. Litecoin Has Continued To See Rapid Adoption Recently As per a tweet from the director of the Litecoin Foundation, LTC's growth has continued to accelerate even after surpassing Ethereum in total addresses.

On 23 January, on-chain data provider Santiment warned investors that Litecoin's [LTC] price may drop in the coming days due to an increase in selling activity among whales.

A post on the Santiment Community platform titled “The Pump Hunter's Guide: How to spot and profit from artificially inflated crypto prices” explains how Bitcoin, Ethereum, and Litecoin whales could impact upcoming price levels.

The 'silver to Bitcoin's gold' has been strengthening this year. As a result, Litecoin prices are once again closing in on three figures.

Litecoin halving news: The crypto market recovery in the last few weeks came as a relief for altcoins as well. The price recovery not only led to capital infusion to the market, it also helps new investors to join the market.

The Litecoin price has shown bullish sentiment over the past week once it bounced off the $81 resistance zone. Over the last 24 hours, the altcoin jumped by 2%, and in the past week, the LTC price gained close to 6%.

Litecoin price analysis reveals a continuation of bullish momentum for today despite the fact that the broader crypto market is in the retracement phase today.  The price of LTC/USD rose from $86.99 to a new high of $90.93 today and is currently consolidating around the level.

Litecoin retested the bullish order block at $81.6 and bounced to trade at $88.6 at the time of writing. More gains are expected, and the zone of resistance at $104 can be reached soon.

Litecoin price analysis has been fairly volatile over the past few weeks, with the coin facing heavy selling pressure and dropping to lows of $89.14 today. Although the downtrend shows no signs of slowing down, there are still some key levels that could provide support for the coin.

Litecoin [LTC] was taking advantage of its press time bull run to build a favorable image. Some might say that it was trying to steal some of Bitcoin's [BTC] shine.

Litecoin [LTC] has been rallying since late December 2022, with occasional corrections. It gained over 40% after rising from a low of $63 to a high of $91 in the past few weeks.

Bitcoin and altcoins appear to have shaken off the Genesis bankruptcy news by bouncing off their immediate support levels and rallying higher.

Litecoin ($LTC), a cryptocurrency that's often referred to as the silver to Bitcoin's gold, has recently seen its hashrate hit a new all-time high, at a time in which its price keeps surging ahead of its upcoming halving event.

A widely followed crypto analyst is seeing “massive opportunities” for Ethereum (ETH) traders in the coming days. Crypto trader Michaël van de Poppe tells his 645,800 Twitter followers that any traders who aren't in the ETH market yet might want to reconsider. “Area I'm interested on ETH.

Data shows the Litecoin mining hashrate has hit a new all-time high, can this signal be positive for the price of the crypto? Litecoin Mining Hashrate Sets New All-Time High At 683.