Santiment: Litecoin's small traders' exit could signal bullish rebound
Litecoin has been struggling with a significant price drop and reduced social interest, but a recent sell-off by small traders could hint at a market turnaround.
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Litecoin has been struggling with a significant price drop and reduced social interest, but a recent sell-off by small traders could hint at a market turnaround.
LTC daily chart shows a falling channel pattern with a failed breakout above the 50-D EMA. Only 71 Litecoin addresses are profitable, with 97.19% of holders facing losses. Santiment reports a significant drop in smallholders, indicating a potential bull run. With a bearish end to the last week, Litecoin registers a 2.
Litecoin, one of the most established cryptocurrencies, has been experiencing a challenging period. However, recent data reveals a glimmer of hope.
Litecoin's struggles since falling from highs of $110 in March have now pushed nearly three-quarters of the holder addresses into a loss. This week, the LTC price extended its negative trajectory by falling below $65.
Litecoin (LTC) has been a significant player in the cryptocurrency world since its inception, often regarded as the silver to Bitcoin's gold. However, recent market fluctuations have left many investors wondering about its future.
Litecoin is attracting increasing attention from institutional investors. One notable player is Grayscale, a major institutional investor in the crypto space.
As Litecoin retests the $61 support, a bullish reversal may be on the horizon.
The broader cryptocurrency market has shown a solid recovery this week, reflected by a 4% increase in capitalization.
Litecoin, one of the most established names in the crypto currency world, is witnessing a remarkable surge in its transaction volume. Over the past year, Litecoin's transaction volume has more than doubled, marking a significant uptick in user engagement and network activity.
Litecoin price fell below $65 on Aug 23, after down 8% in the past week bearish trading activity among LTC miners is hints at further downside potential.
Litecoin has been on a steady upward trajectory since early August, driven by robust buying interest. With significant technical indicators aligning positively, investors are keenly watching for further movements.
Litecoin's latest news reveals growing demand from the institutional class of investors - Here's why.
Litecoin struggles amid bearish pressure as on-chain data and technical indicators point to further downside potential.
Since the crypto market experienced a downturn on August 5th—prompted by weak U.S. employment data and underperforming tech stocks—Litecoin has shown a consistent uptrend. As of the latest data, LTC's trading volumes have surged by 16%, according to Coin Market Cap.
On-chain data shows the Litecoin transaction volume has more than doubled in the last year, a sign that could be positive for the network.
Litecoin (LTC) price has recently experienced a significant market correction, reflecting a downward trend. The altcoin has slipped below the crucial $65 support level, signaling growing bearish sentiment among traders.
Litecoin's 150-day SMA has shifted to below price, indicating that the long-term trend is positive.
There is always scope for improvement in the crypto market, and the recent market correction has created new opportunities that can become multi-baggers in the future. One such opportunity for Litecoin (LTC) and Chainlink (LINK) investors is DTX Exchange, which has over 10,000+ users.
Litecoin (LTC) has defied recent market volatility, showing an impressive 10.32% gain over the past week. This unexpected surge has drawn the attention of both investors and analysts, especially considering the significant whale activity that has accompanied it.
Price and market statistics of the crypto Litecoin, Solana and Ethereum
Litecoin has gained 10.32% over the past week amidst $17.3 billion worth of large transactions.
Recent analysis from World Of Charts, a reputable name in crypto analysis, highlights that Litecoin is preparing for a potential bullish breakout. According to the expert, Litecoin's current technical setup indicates a strong possibility of a price surge.
The cryptocurrency industry has experienced a notable surge in activity among large holders, often referred to as “whales,” over the past few weeks. This level of engagement has been revealed through on-chain transaction data, which has shown multiple instances of large cryptocurrency movements to and from exchanges.
Crypto whales loaded Litecoin, Polygon, and Avalanche in the second week of August, LTC reacted bullishly to it otherwise MATIC and AVAX remained down. Looking at the whale's choices over the week wherein last week was for XRP, ONDO, and ADA, Coinpedia markets analysis plots market recovery signals.