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After recording the first monthly decline in April, the crypto market faces strong headwinds, breaking a seven-month bullish streak. After reaching a record of $73,837 based on CoinGecko data, Bitcoin (BTC) price plunged to $56,500 last week, triggering a major sell-off even in altcoins.
After two days of doldrums and mundane trading, Bitcoin price is breaking out, hinting at a sudden crypto recovery to end the week. The largest cryptocurrency blasted above $62,000 during US trading hours on Thursday following a downturn to $61,000 support.
Litecoin (LTC) price could be on the verge of noting considerable gains in the coming days following its breakout from the bullish descending triangle reversal pattern.
Litecoin has become the new king of cryptocurrency payments, as more users are increasingly adopting this popular digital currency over Bitcoin to execute transactions on the crypto payments platform, Bitpay.
Litecoin (LTC) is fulfilling precisely the use case of its initial vision – to become a fast, cheep tool for payments. For that reason, LTC is once again the winner when it comes to just moving funds.
Litecoin price is recovering higher from the $75.00 zone against the US Dollar. LTC could continue to rise if it clears the $84.00 resistance zone.
The demand for Litecoin's (LTC) payment solution surged in April, reaching a record ratio of nearly 2:1 against Bitcoin (BTC) in BitPay. This higher demand is also observed in on-chain coin velocity data, giving strong fundamentals for long-term sustained and organic growth.
Litecoin (CRYPTO: LTC) remained the most preferred cryptocurrency for payments in April, outperforming all major assets, including its inspiration, Bitcoin (CRYPTO: BTC) What happened: According to the world's largest crypto payment service provider, BitPay, Litecoin's share of global payments exceeded 41% last month, up from 39% in March. The cryptocurrency created from the hard fork of Bitcoin in 2011, has consistently topped the payments chats, with April marking its fourth straight month of dominance.
Litecoin and Worldcoin have started to gain investor interest in recent days. What are the trends around the tokens?
On-chain data suggests Litecoin whales have participated in buying recently despite the fact that the asset's price has been finding struggle. Litecoin Whales Accumulated 100,000 LTC Recently As pointed out by an X user using data from the on-chain analytics firm Santiment, the LTC whales have recently bought while the cryptocurrency's price has declined.
Crypto investors have many reasons to smile on Monday as the market extends the weekend recovery. Bitcoin topped $64,000 earlier in the day but struggled with resistance at $65,000.
Whales continued to buy Litecoin while its price dropped, suggesting potential long-term bullish sentiment.
Litecoin Price Analysis: Amid the recent market consolidation, the Litecoin price showcased a notable resilience above the $74.5 support. The daily chart projecting long-wick rejection candles at this support indicates the buyers are actively accumulating this asset at a discounted price.
Crypto analyst DonAlt has listed four altcoins he will buy once he believes that Bitcoin's price has bottomed. The analyst further provided insights into why he is particularly bullish on these altcoins.
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The price of Litecoin (LTC) has fallen below the moving average lines but remains above the support level of $73.
Litecoin started a fresh decline from the $88 resistance zone against the US Dollar. LTC price is now trading below $85 and the 55 simple moving average (4 hours).
The world of cryptocurrencies is abuzz with the potential arrival of a new Exchange Traded Fund (ETF): the Litecoin ETF. Championed by Litecoin founder Charlie Lee, the proposed ETF is aiming to gain the coveted approval from the US Securities and Exchange Commission (SEC).
The crypto industry is likely to witness an influx of different digital assets Exchange Traded Funds (ETFs) as Litecoin proponents are now mulling the possibility of having a LTC ETF. Litecoin Structural Similarities With Bitcoin Defined Litecoin founder, Charlie Lee recently graced an interview where he spoke with optimism about the potential of a spot
Litecoin founder Charlie Lee believes the US Security and Exchange Commission (SEC) will approve a Litecoin (LTC) exchange-traded fund (ETF). Lee shared his views during a recent interview with Bitcoin Bros, noting that its likely not if but when this happens.
Litecoin (LTC) price is trading under a key resistance level, and flipping the same into support could drive LTC to $90.
TL;DR The digital asset investment landscape has seen a significant outflow of $435 million, with Bitcoin and Ethereum experiencing the most losses. However, altcoins like Solana, Litecoin, and Chainlink have emerged as winners, attracting inflows of $4 million, $3 million, and $2.8 million respectively.
Amid the recent bearish trend, Cardano (ADA) whales are making quite the splash. The Cardano whale transaction volume has skyrocketed lately with over $13 billion worth of average daily transactions last week.
Though it may be challenging for the coin to surpass $400, some conservative numbers look achievable. Here's why.
