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Litecoin is still holding at $62 high achieved yesterday, here's what has been fueling it

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

A closely followed crypto trader says a rally is in store for Solana (SOL), and also updates his outlook on Litecoin (LTC) and FTX Token (FTT).

MoneyGram said it would allow its app users to trade and store several cryptocurrencies, including Litecoin.

Litecoin price has seen an incredible rise over the past 24 hours, gaining 10% in value, with trading volume exceeding $1.8 billion. This recent price action follows months of consolidation at the $55 level. 

With a comparably bullish week in the crypto market, the altcoins are performing well to restart the uptrend. Coming out of the shadows, Litecoin price jumped 10.32% last week, resulting in a pattern breakout entry opportunity for short to midterm traders.

In today's episode of NewsBTC's daily technical analysis videos we are examining Litecoin after a 10% intraday move to see if it will turn into a broader crypto market rally. Take a look at the video below: VIDEO: Litecoin Price Analysis (LTCUSD): November 2, 2022 Litecoin has been an altcoin that once regularly led the start of new crypto market bull runs.

Litecoin rose to its highest level in over six weeks on Wednesday, as the token moved past a key price ceiling. Today's move comes despite cryptocurrency markets mostly trading lower, ahead of the Federal Open Market Committee (FOMC) meeting. Unus sed leo (LEO) was also higher, climbing for a ninth consecutive session.

Litecoin (LTC) price predictions are worth checking on Wednesday after MoneyGram International (MGI) revealed a new crypto buying system.

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), the two most valued cryptocurrencies in the world, traded lower on Wednesday as investors are awaiting the interest-rate decision from the US Federal Reserve. Dogecoin (CRYPTO: DOGE), meanwhile, recorded sharp losses on Wednesday following gains on Tuesday after Elon Musk disclosed that he is the Chief Executive Officer of post-merger company after Twitter deal.

Litecoin was changing hands at $59.42, up 7.13% in last 24 hours

According to reports, MoneyGram also seeks to increase available cryptocurrencies in the near future.  Alex Holmes, the CEO of MoneyGram after settling a partnership agreement with Ripple Labs disclosed that its customers are looking for real-time payment.

Litecoin (LTC) price is moving in the uptrend zone as the price is moving above the moving average lines.

Good news came for the Litecoin [LTC] NFT ecosystem as it witnessed growth over the last few days. Santiment's data revealed that not only did LTC's total NFT trade count register an uptick, but it's NFT trade volume in USD also increased.

The other major Proof of Work crypto, besides Bitcoin, has been showing encouraging results for the past month and is increasingly being adopted as a payment method

Litecoin is among the few exceptions today, charting a double-digit price surge.

MoneyGram has launched a new peer-to-peer service on its app to enable consumers to buy, sell, and hold Bitcoin, Ethereum, and Litecoin. The post MoneyGram Will Now Allow US Customers to Trade and Hold BTC, ETH and LTC on Its App appeared first on BeInCrypto.

MoneyGram says that it plans to add more cryptocurrencies in in 2023 after allowing its customers to buy Bitcoin, Litecoin and Ethereum on its app

Moneygram, a publically traded peer-to-peer payments company, has added crypto trading tools to its mobile app. The post MoneyGram app adds Bitcoin, Ether and Litecoin crypto trading tools appeared first on The Block.

Litecoin price analysis shows that the bulls have taken control of the market as prices surged past the $54.00 level. The market is expected to continue this uptrend as long as the support at $54.23 holds.

Litecoin price analysis shows a bearish trend for today. The bears have taken over the price charts once again and have reduced the price level to 56.11, as market sentiment is bearish towards LTC/USD.

Litecoin price witnessed an increase in value over the last 24 hours. In the past day, the coin surged more than 3%.

Miners seemed to have a greater interest in LTC after its recent price pump as the network's hashrate registered an increase. Miners were looking to capitalize on the bullish market because higher prices could mean higher mining profitability.

Litecoin price analysis shows the bullish influence. LTC/USD has been maintaining its price levels for the past few days, as the support at $55.26 has played its part in supporting the price function.