Rough patch for Litecoin? Predictions suggest another price plunge
Sinking to $38 would mean that LTC would lose 1.71x its press time value. Is this possible?
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Sinking to $38 would mean that LTC would lose 1.71x its press time value. Is this possible?
Litecoin (LTC) has emerged as the frontrunner in BitPay's payment processing service.
An analyst has explained that a bear flag is potentially forming for Litecoin, which, if confirmed, might cause a decline for LTC to this level. Litecoin Could Be In Danger Of Deep Decline Due To This Bear Flag In a post on X, analyst Ali has pointed out a possible bear flag taking form for Litecoin.
Litecoin started a fresh decline from the $78.00 resistance zone against the US Dollar. LTC price is now trading below $70.00 and the 55 simple moving average (4 hours).
In December 2023, the value of Litecoin surged by 7%. Let's take a look at this Litecoin price prediction 2024 article in more detail.
Litecoin (LTC) price has been in the positive trend zone since the breakout on December 26. The development of doji candlesticks has led to minimal price movement.
Litecoin's unwavering resilience shines through positive stats and real-world dominance yet challenges in mining demand scrutiny.
With the Bitcoin halving expected to happen today, crypto enthusiasts are already starting to take positions in various altcoins. Among these, there are a number of coins that have shown a lot of promise when it comes to reaching the $100 price mark and this report takes a look at three.
Litecoin's price chart had a bullish pattern, suggesting a rally in coming days.
Litecoin (LTC) recorded impressive performance over the past month. The decentralized project recorded surges in active addresses, volume, and 24-hour transactions. Despite bearishness that saw it hitting new price lows after the halving event, 2023 saw LTC attaining a new record, with the daily transactions exceeding 1 million for the first time.
Litecoin is gaining pace above the $73.50 resistance against the US Dollar. LTC price is now trading above $74.00 and the 55 simple moving average (4 hours).
The price of Litecoin (LTC) was able to hold reasonably steady thanks to the doji candlesticks. Litecoin price analysis by Coinidol.com.
A potential driver behind the recent surge in Litecoin activity is the ongoing inscription frenzy. On December 19, over 10 million Ordinals were inscribed on the Litecoin blockchain
In the ever-evolving landscape of cryptocurrencies, Litecoin, a once-prominent altcoin, faces challenges amidst a booming market. While Bitcoin surges, with over a 160% increase this year, Litecoin's growth remains modest, sparking discussions about its future trajectory.
Litecoin (LTC) has been making waves in the cryptocurrency sphere, continually evolving to bridge the gaps left by its predecessors, particularly Bitcoin. Recent advancements in the Litecoin network showcase its quest for mainstream adoption, offering a glimpse into a future where it stands out as a viable daily-use digital currency.
Litecoin Price Prediction: LTC price is showing strength amid Tuesday's pullback in cryptocurrencies. However, it needs to break above $75 soon.
Yesterday, Tuur Demeester, a prominent crypto analyst and researcher at Adamant Research, offered insights into Litecoin's (LTC) performance in 2023, a year that saw the cryptocurrency market surge significantly, led by Bitcoin, which is up over 160% so far this year. Despite the overall market growth, Litecoin has shown relatively modest gains.
Additionally, there has been a notable uptick in Ordinals-like transactions, reaching 2 million inscriptions in just four days. This surge underscores a growing interest and increased participation in Litecoin transactions.
Litecoin has observed a significant surge in newly created addresses, aligning with heightened transaction volume and network engagement.
Litecoin's number of newly created addresses spiked sharply, but its price failed to react positively.
While the sentiment tilts toward FUD, it could also be the catalyst that triggers a bounce for LTC.
In the realm of cryptocurrencies, Litecoin has emerged as a notable contender, garnering attention for its growth potential and recent advancements. Let's delve into a comprehensive exploration of Litecoin's journey, forecasting its price from 2023 to 2032, along with recent significant developments, steering clear of jargon and complexities.
Using cryptocurrencies constitutes a relevant part of their demand and price formation. This use can be measured through different metrics, the network activity or daily addresses activity (DAA) being two.
In a Dec. 22 post on X, the Litecoin network hit the 200 millionth transaction mark, showcasing accelerated growth with an impressive processing of over 10 million transactions.