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Starting this week, the crypto market witnessed a surge in supply pressure as the Bitcoin rally reverted from $68485. This pullback stalled recovery momentum in most major cryptocurrencies including Litecoin, trading at $73.44.
For the past two months, Litecoin's (LTC) price has been stuck attempting to initiate recovery, with every effort failing consistently.
Famed trading expert John Bollinger recently hinted that Litecoin (LTC) might be gearing up for a major move, saying it is "about time for LTC to wake up." This comes after a follower asked him for his thoughts on Litecoin's monthly chart using the Bollinger Bands, the technical analysis tool he created.
Litecoin (LTC), often referred to as the silver to Bitcoin's gold, has seen a modest recovery over the past two weeks, with its price climbing by 20% to reach $74. Despite this upward movement, concerns remain about the potential for profit-taking by investors, which could threaten further gains.
Litecoin's (LTC) price is recovering at a glacial pace, which surprisingly still has not stirred bearish sentiment among investors.
Litecoin is yet to recover from its losses over the last few months, but that might change soon.
Litecoin price rally came to a sudden halt this week following the general bearish sentiment across the market. After climbing from support at $56, LTC peaked at $74, depicting a strong bullish narrative.
Litecoin (LTC) has once again captured attention with its recent breakout above a significant technical pattern known as a falling wedge. This move, observed on July 15, has both optimism and caution among market participants as they navigate the complexities of digital asset investing.
Litecoin (LTC) as it closed above its falling wedge pattern, signaling a spike in buying pressure and a potential bullish trend. This pattern, which had constrained Litecoin's price movements since March 31, consists of two downward-sloping trend lines.
FOMO, which stands for Fear of Missing Out, is a psychological phenomenon that influences investor behavior significantly, especially in the cryptocurrency realm. This term, first introduced in 2004 and officially added to the Oxford Dictionary in 2013, describes the anxiety individuals feel about missing potential investment gains.
Data shows that users on social media are overwhelmingly showing FOMO towards XRP and Litecoin, something that could be a bearish sign for their prices. Weighted Sentiment Has Spiked For Both XRP & Litecoin Recently According to data from the analytics firm Santiment, LTC and XRP are among the coins that have seen an improvement in sentiment following the recent price recovery.
Litecoin's price prediction suggests that the coin might touch $113 in the coming weeks if certain things fall into place.
Litecoin (LTC) and XRP from Ripple Labs, have recently garnered significant attention for their impressive price performances. As the crypto market continues to show signs of bullish sentiment, investors and analysts alike are keenly observing which of these coins could potentially outperform the other in the long term.
Yesterday, Litecoin (LTC) closed above its falling wedge pattern, signaling a spike in buying pressure. The altcoin had traded within this pattern since March 31.
The crypto markets have overcome the selling pressure generated by Mt. Gox's BTC transfers and the German government liquidating the seized assets. As a result, the Bitcoin price underwent a nice breakout and surged above the pivotal resistance zone, confirming a rise above the bearish captivity.
According to analytics platform Santiment, XRP and Litecoin (LTC) are currently experiencing elevated levels of fear of missing out (FOMO).
The LTC/XRP chart was consolidating inside a pattern, and a breakout could allow Litecoin to outshine XRP in the long run.
Litecoin (LTC) price recently bounced above $70 after rallying from lows of $57 reached on July 5 when a broader market downturn also saw Bitcoin dump to under $54k. This week finds BTC hovering above $63,000, with a broader uptick in crypto prices also seeing TC jump above the $71 level.
Litecoin stands out for its robust transaction capabilities, processing an impressive $2.85 billion daily in transactions exceeding $100,000. This places Litecoin at the forefront of blockchain networks handling substantial financial volumes, according to recent data from Into The Block.
Key on-chain indicators revealed that the token may not be done with its recent hike yet.
Key on-chain indicators revealed that the token may not be done with its recent hike yet.
LTC's price action surprised many, as did its outperformance of other cryptos around it.
Recent data shows a significant increase in large Litecoin transactions, with whale investors moving $2.85 billion daily.
On-chain data shows that Litecoin whales have been active recently, as the network has handled many large moves. Litecoin Large Transaction Volume Has Been At $2.85 Billion Recently According to data from the market intelligence platform IntoTheBlock, the Litecoin network has been witnessing some high activity from the whale entities recently.
