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Litecoin has faced a massive drop as the entire crypto market experiences intense selling pressure. Increased volatility has driven sharp price swings, with LTC plunging from $130 to $100 in a matter of hours.
With clarity on Trump's US crypto reserve plans, the conversation has shifted to altcoins, and speculators are eyeing a US Litecoin reserve. The post Could Litecoin Be Next? Experts Eye LTC for Trump's US Crypto Reserve appeared first on Cryptonews.
Litecoin (LTC) has recently seen a sharp surge before encountering a downturn, finding support around $116.02. This level has become crucial for traders as it will determine whether Litecoin experiences a major rebound or a further decline.
Litecoin (LTC) saw a sharp decline of 10.32% on Monday, trading at $113.70 by 11:01 (16:01 GMT) on the Investing.com Index. This marked its largest single-day percentage loss since March 3.
LTC recently surged before facing a sharp decline, finding support near $116.02. Key indicators make this a crucial level for traders.
The global cryptocurrency market cap has climbed to $3.07 trillion, gaining 0.4% in the past 24 hours, as optimism sweeps across digital assets.
Over the past two weeks, whales have been accumulating LTC, a strong signal of growing confidence in the asset's future. This wave of accumulation comes amid increasing speculation about a Litecoin ETF approval. Amid this increasing institutional interest in LTC, traders are looking for the best platforms to maximize their gains.
Litecoin (LTC) has shown impressive momentum in recent weeks, with its price surging by over 8% in the last 24 hours. At the time of writing, LTC was trading at $127.08, continuing its strong upward trend that began in February, when it gained 25% against Bitcoin.
Litecoin's momentum remains strong, but resistance levels and market sentiment will shape its next move.
The Litecoin price has been one of the better-performing assets since a wave of bearish pressure swept the market this past week. While the altcoin initially succumbed to the downward pressure, the price of LTC has recovered to its former highs before the downturn.
With the broader crypto market recovery, the Litecoin (LTC) price has bounced back 11.2% today, surging to $127 levels as the blockchain address activity touches new highs. While top altcoins like Ethereum (ETH) experienced a brutal 31% correction in February, LTC staged a strong show, ending 1% on the green side.
Litecoin (LTC) recently saw a short-term rally, outperforming Bitcoin (BTC) in a volatile market. This boost was driven largely by the liquidation of bearish positions, fueling optimism among traders.
Despite a recent rally, Litecoin's price may be testing critical support levels, making its future uncertain.
Bitcoin's sharp recovery is proof that dip buyers remain active at lower levels. Will altcoins follow?
Litecoin (LTC) is down 7.4% in the past 24 hours, as the market's selling spree continued after the end of yesterday's American session.
Litecoin (LTC) tumbled 10.01% to $116.53 by 02:29 (07:29 GMT) on the Investing.com Index, marking its steepest one-day decline since February 24. This drop reduced Litecoins market capitalization to $8.86 billion, accounting for 0.33% of the total cryptocurrency market.
Litecoin (CRYPTO: LTC) has gained 12% over the past month, significantly outperforming Bitcoin, Ethereum and XRP, all of which are down. Traders are now eyeing further upside, especially with the ETF narrative gaining traction.
The crypto market has had a rough run in February, attributed to jitters over trade tariffs. US President Donald Trump exacerbated the sour sentiment on Thursday after threatening 25% tariffs on imports from the Eurozone.
Cryptocurrencies traded in red on Thursday as Bitcoin hovered around the $85K mark. While the focus shifts to a ‘selective alt season,' top altcoins Litecoin, Solana, and XRP remained on investor and trader watch lists. Let's check what investors can expect from their price movements in the near future.
Litecoin has been consolidating below the $140 level, showing resilience despite the broader market downturn. Even during this week's market breakdown, which saw Litecoin drop by 18%, the price managed to reclaim key levels, signaling strength compared to other altcoins.
Litecoin (LTC) has encountered a persistent challenge over the past three months, failing to break above the key resistance at $136. Despite recent attempts to breach this barrier, the altcoin has struggled to maintain upward momentum.
Litecoin (LTC) has recently surged by 12.86%, signaling a potential bullish breakout and increased market sentiment. As the cryptocurrency navigates through a period of renewed interest from large-scale traders, its technical indicators, market sentiment, and on-chain insights suggest that the altcoin could continue its upward trajectory.
Peter Brandt, a name that carries serious weight in trading circles, has turned his attention to Litecoin (LTC). Known for his expertise in classical charting for over 40 years, Brandt sees a short-term swing trade opportunity forming with this altcoin's price movements.
Litecoin (LTC), currently ranked the 12th-largest cryptocurrency by market cap, has outpaced Bitcoin (BTC) in daily price gains. While Bitcoin, the leading digital asset, is down 3.34% daily, LTC has increased by 8% within the same time frame.
