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In the past week, Litecoin has demonstrated a robust performance, with its price rising by over 3%. This positive trend has continued into the last 24 hours, with another 3% increase pushing LTC's trading price to approximately $65.58.
Amid Litecoin's bullish trend, analysts have identified a potential breakout pattern.
Despite being termed the ‘digital silver', the Litecoin price has remained muted in the last year. The altcoin's price saw a run-up back in 2023, leading up to its halving.
Litecoin was successfully trading above a key support level, which hinted at a bull run towards $100 soon.
Traders could be waiting for Bitcoin to bounce off the $55,724 support opening positions in LTC, FET, MNT and AAVE.
Discover the latest insights from industry experts about the top 5 cryptocurrency picks primed for explosive growth by year-end. Learn about key investment strategies and why stocking up now can empower your financial future.
A recent transaction involving Litecoin (LTC) has caused a stir in the cryptocurrency world. Binance, the world's largest crypto exchange, received an enormous deposit of 200,000 LTC, valued at over $12.7 million.
Litecoin was the market's anomaly as it hiked while other cryptos fell.
Litecoin (LTC) finds itself in a challenging market environment marked by significant volatility and bearish trends. Trading at approximately $62.40, Litecoin has seen a modest gain of 0.2% over the past day, reflecting a period of relative stability amid a broader downturn in the cryptocurrency market.
After a period marked by bearish trends, the Litecoin price is now showing signs of recovery. Recently, the cryptocurrency experienced a noticeable rebound.
August was a challenging month for cryptocurrency investors who experienced portfolio losses in an unfavorable overall market performance. With September arriving, Finbold looked into solid cryptocurrencies that could bounce up and reach a $5 billion market cap.
With a drop of approximately 1% today, the price of Bitcoin is hovering close to its $59,000 mark. This indicates an increase in the bearish sentiment in the crypto space. Following this, top altcoins have recorded a similar price action. On the other hand, the Litecoin price has jumped 4.89% during this time.
Liquidations all over the crypto market, especially in coins like Litecoin (LTC) and PEPE, have made investors anxious. While Litecoin (LTC) has formed a messy structure with no identifiable pattern, PEPE is trying to hold its $0.0000075 support level.
Litecoin gained 2.4% while Bitcoin Cash rose 2% in overnight trading.
Less than two hours ago, popular blockchain sleuth Whale Alert, which tenaciously monitors large cryptocurrency movements and shares details on their website and on the X platform, spotted a big Litecoin transfer made to the Binance exchange.
Litecoin (LTC) price has recently experienced a notable price surge. This positive movement contrasts with the broader altcoin market's struggle to gain momentum.
The Litecoin price has fallen by 2% in the past 24 hours, declining to $61.49 on a day that has seen prices drop throughout the market.
Litecoin (LTC), one of the pioneering cryptocurrencies, is experiencing a challenging period as its price hovers around $63. In the past week alone, Litecoin has dropped over 5%, and its value has decreased by 11% over the last 30 days.
On-chain data shows Litecoin has recently seen a sudden exit of small hands, which can favor LTC's price. Small Litecoin Investors Have Been Displaying FUD Recently In a new post on X, the on-chain analytics firm Santiment discussed the latest shift in Litecoin's userbase.
Litecoin price jumped 1% to $63.7 during U.S. trading on Tuesday despite a general pullback in the crypto market. The bearish turnaround for most major altcoins showed a lack of momentum, indicating a temporary drop for buyers to stabilize from last week's rally.
The exodus of small-scale Litecoin holders may signal a bullish turnaround.
Despite the bearish market conditions, some institutional investors continue to show interest in Litecoin.
The crypto market continues to show signs of vitality, with Solana, Ethereum, and Litecoin remaining among the main players with their prices and news. Prices and market statistics of the crypto Solana, Ethereum, and Litecoin Solana (SOL) is currently trading at around 154.96 USD, with a market capitalization of 72.
Formerly heralded as the silver to Bitcoin's gold, Litecoin has seen better times. Since peaking on April 1, the cryptocurrency's market value has dropped by 36%, indicating a steady decline.
