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Crypto analytics firm Santiment reports that whale activity on three altcoins has surged since the start of 2023. Starting with the liquidity protocol Aave (AAVE), Santiment says that the 42nd-largest crypto asset by market cap has seen the number of transactions valued at over $100,000 increase by more than 1,100% year-to-date.
Litecoin started a strong increase above $80 against the US Dollar. LTC price is now trading below $80 and the 55 simple moving average (4-hours).
Despite the rally in the count of Litecoin [LTC] transactions above $100,000 since the year began, the steady fall in the alt's Open Interest in the last week indicated that bearish sentiment was returning to the market.
Positive U.S. economic data initially propped up crypto and stock markets, but it appears that bulls lack the might to keep the rally rolling.
Shiba Inu has outperformed LTC, while SHIB jumps in price and manages to become popular among top whales
Shiba Inu (CRYPTO: SHIB) surpassed Litecoin (CRYPTO: LTC) to become the thirteenth largest cryptocurrency by market capitalization early on Wednesday. What Happened: At the time of writing, SHIB's market cap stood at $6.9 billion, while Litecoin's market cap was at $6.3 billion.
Key Points: Bit Mining announced the availability of their cutting-edge, model LD3 Litecoin and Dogecoin mining device, which was created exclusively for mining on the DOGE and LTC blockchains. The LD3 machine is more efficient in terms of energy usage than its predecessors because of its power efficiency of 0.73 W/MH and 4800 MH/s supply.
A popular analyst who correctly called Bitcoin's (BTC) ascent above $20,000 says he'll remain bullish on the king crypto until proven otherwise. Pseudonymous analyst DonAlt tells his 452,700 Twitter followers that Bitcoin's strong performance last week suggests that BTC bears are starting to lose momentum.
Shares of bitcoin miner Bit Mining were up roughly 51% on Tuesday afternoon, trading at around $4.70. The post Bit Mining up 51% after launch of new LTC, DOGE mining machine appeared first on The Block.
The latest Litecoin price analysis is strongly bullish as it shows the cryptocurrency price function is headed upward for today. The price of LTC/USD is going up as it has now touched $87.20.
Total addresses are the total number of unique addresses that ever appeared in a transaction of the native coin in the network. The post Litecoin has over 170.5 million total addresses now in use surpassing Ethereum appeared first on CryptoSlate.
The Litecoin (LTC) price trend can be considered bullish if the price does not break down below $79. The post Litecoin (LTC) Price Starts to Run out of Steam appeared first on BeInCrypto.
The Litecoin (LTC) price hovered below the $80 resistance level for over a month before breaking through it. The cryptocurrency's value rose even further today, reaching a high of $91 before retreating.
The Fear and Greed Index is 51 Neutral and is +6 from Monday's reading of 45 Fear
The 2023 investment landscape is dominated mainly by blockchain, which top-notch firms like HedgeUp and Litecoin help boost.
David Burkett, MWEB developer, posted new updates related to the Litecoin [LTC] network. Burkett mentioned that he continued working on PSBT, and quickly discovered some limitations in the initial design.
The crypto world may be experiencing a new bullish season
Litecoin [LTC] has performed impressively on the price charts in recent weeks. The breakout past the range highs in late November was significant, as this range has been in play since May.
Bitcoin has turned bullish, but is it a dead cat bounce? If BTC bulls keep pace, LTC, OKB, BIT and FTM could see strong rallies.
Bitcoin and select altcoins have risen above stiff overhead resistance levels, signaling that the bottoming process may have begun.
The current crypto space is highly competitive, with Litecoin (LTC) and Solana (SOL) being two of the top performers in the past.
A bullish start to 2023 thanks in part to Thursday's CPI data that essentially nailed expectations and provided substance for the strong performance of many crypto assets such as Litecoin and Cronos.
There are heavy expectations regarding Litecoin [LTC] this year, especially with the upcoming 2023 halving. It appears that the market has already been preparing for a robust 2023, something which was evident in LTC's price action and hash rate.
Catch up on the latest crypto market news at The Currency Analytics. Litecoin (LTC) coin is the right coin, and it continues to be the right coin.
