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The crypto market keeps getting touchy and challenging for most crypto traders and investors, with the market being hit virtually every week with bad news that sends the price of most altcoins to their weekly lows. Recently, the price action displayed by many altcoins has been problematic as many altcoins battle for survival.
On November 24, the leading cryptocurrency, Bitcoin, showed signs of a new recovery, trading at $16,673, despite the release of dovish FOMC meeting minutes during the US session yesterday. Similarly, Ethereum, the second most valuable cryptocurrency, has followed Bitcoin's lead and increased by more than 3% to $1,200.
Litecoin started a strong increase above $60 against the US Dollar. LTC price is now trading above $60 and the 55 simple moving average (4-hours).
The cryptocurrency community is predicting that the price of Litecoin ($LTC), a cryptocurrency that is often referred to as the silver to Bitcoin's gold, will drop by the end of the year, despite its surge over the last few weeks.
On-chain fundamentals may be part of the reason Litecoin (CRYPTO: LTC) saw a sharp price increase during the ongoing market downturn caused by the collapse of the major crypto exchange FTX. What Happened: Litecoin's current price of $78.21 is 34.64% higher than its value seven days ago, while Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) lost value over the same length of time, according to CoinMarketCap data.
In the past week, Litecoin prices increased by more than 30%. Why is Litecoin price up?
Litecoin — one of the world's oldest cryptocurrencies — has seen over $1 billion worth of inflows while most of the crypto market was bleeding. Fundamentals help explain this discrepancy.
Litecoin has rallied up by more than 21% in the last 24 hours, and has overtaken Shiba Inu in terms of the market cap.
Litecoin (LTC) has made a surprise breakaway even as the greater crypto market struggles to make gains, pushing up fast since Nov. 22 and rising over 27% in the past 48 hours. The question is, does it have more bullish juice left or will the latest pump be followed by a sharp correction?
Litecoin bulls deliver a massive unexpected rally after outperforming its peers LTC's market cap surged by a massive 10% in the last 24 hours Litecoin was seen making headlines on 23 November after delivering an impressive bullish performance that saw it rally by roughly 35% in the last two days.
LTC's price shows strength as price bounces off from a weekly low of $50 to trend higher, giving bulls some relief. LTC's price continues to look strong as bearish sentiment for the market lingers, with things looking uncertain for most traders and investors.
Litecoin (LTC/USD) has traded higher in the past one month, and added to the momentum with a double-digit gain on Wednesday to breach the $80 price level for the first time since May.
The price of Litecoin (LTC) surged on November 23, with LTC adding over $1 billion to its market capitalization in 24 hours.
Litecoin (LTC) price predictions are worth checking on today as investors take note of the crypto ahead of its next halving.
Litecoin extended recent gains on Nov. 23, with the token climbing to its highest point since May. The move saw prices climb by nearly 20% in today's session, and comes ahead of this afternoon's Federal Open Market Committee (FOMC) minutes. Solana also surged on Wednesday, moving nearly 20% higher.
Nearly all asset classes are surging today on hopeful bullish sentiment.
The FTX market turmoil has helped boost this 11-year-old token.
Litecoin has experienced a significant price surge on low timeframes and hints at a possible bullish continuation. The cryptocurrency is moving higher than more significant assets in the space, and it's making its way to the top 10 by market capitalization.
Litecoin has outperformed all other altcoins in the market gaining more than 37 percent on the weekly chart.
Litecoin has suddenly spiked to above $80 from about $60 with the crypto largely maintaining its gains as it trades at $78.
Litecoin is the surprise of this bear market, being one of the first coins to have a breakout and showing tremendous strength. Key Support levels: $73, $64 Key Resistance levels: $82, $95 After a long consolidation since June, Litecoin has broken above this ascending triangle (pictured) that took months to form.
The cryptocurrency market cap saw net inflows of $47.8 billion over the last 24 hours and currently stands at $829.3 billion, up 6.1% over the reporting period. The post CryptoSlate Daily wMarket Update – Nov. 22: Litecoin storms into top 10 displacing TRON appeared first on CryptoSlate.
Litecoin decoupled and is currently showing signs of more gains ahead of its third halving event.
Litecoin (LTC/USD), Dash (DASH/USD), and Zcash (ZEC/USD) are all cryptocurrencies which saw a large boost in terms of value. Each cryptocurrency saw an increase in its trading volume, value, and overall market cap. On November 21, 2022, Litecoin announced the LTC cryptocurrency had been integrated into Moneygram, Google Cloud, and Blockbank.
