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New York state's financial regulator just rescinded its approval on most of the digital assets it had previously made easy for crypto firms to do business with. The New York State Department of Financial Service (DFS) previously had 24 assets on their “Greenlist” of coins.
Sellers dominate in the short term as Litecoin bulls fail to clear a key price obstacle.
The Litecoin (LTC) price created a double bottom pattern and broke out from a descending resistance line on Sept. 15.
Moving sideways with a bearish influence, the LTC price struggles to rise above the $68 supply zone. Despite multiple attempts, the recovery trend has reversed from $68 over the past few weeks. Nevertheless, the LTC price trend prepares a bullish pattern to reclaim the positive trend momentum.
Litecoin started a downside correction from the $68.25 zone against the US Dollar. LTC price is now trading above $62 and the 55 simple moving average (4 hours).
Litecoin, often referred to as the silver to Bitcoin's gold, has established itself as one of the enduring players in the cryptocurrency realm.
LTC/USDT chart and technical analysis LTC/USDT is turning bullish after the price made inverse head and shoulder pattern and closed above the major resistance level of 63.01. Price is making correction after it closed above the previous high. I am expecting it will retrace back to 63.01 before continuing its bullish momentum. The 63.
Bitcoin (CRYPTO: BTC) traded slightly higher, with the cryptocurrency prices trading above the $27,000 level on Wednesday. Ethereum (CRYPTO: ETH), meanwhile, edged lower, but traded above the key $1,600 mark this morning.
The New York Department of Financial Services (DFS) has made significant changes to its list of approved cryptocurrencies, removing Ripple (CRYPTO: XRP), Dogecoin (CRYPTO: DOGE), and Litecoin (CRYPTO: LTC). What Happened On Monday, DFS said its updated digital currency supervision plan, which included a new protocol for listing cryptocurrencies by DFS-licensed firms.
While some traders have high expectations from LTC, which may not seem realistic, what stays true about the altcoin is its consistent performance and its demand on the whale front.
Since late August Litecoin's Open Interest chart has been lackluster. Even when the altcoin bounced from $60 on 12 September the OI refused to budge higher.
After weeks of sideways trading, Litecoin finally broke free from its resistance level, sparking a wave of buying demand among investors. The digital silver to Bitcoin's gold is currently aiming for a $70 price point following the bullish breakout.
Litecoin (LTC) price has reclaimed the $65 territory after briefly dropping to a new 2023 bottom of $58 last week. On-chain analysis examines if the early recovery signals could evolve into a prolonged bull rally.
In recent trading sessions, Litecoin (LTC) has experienced a notable decline in price, with daily charts revealing a clear picture of bearish sentiment. The cryptocurrency has found itself trading below significant moving averages, signaling a prevailing selling pressure that has persisted in the market.
Litecoin's recent recovery gains are at risk after the weekend reversal. Can Litecoin prevent further loss ahead of the Fed's decision?
Litecoin – an asset that derived from bitcoin, the world's number one digital currency by market cap – has undergone its third halving, and analysts are emerging left and right to comment on the results. Litecoin Remains a Dominant Force in Crypto Litecoin is one of the oldest digital assets around.
In the dynamic world of cryptocurrency, Litecoin (LTC) is showing signs of resilience and potential for a remarkable rally. This digital currency, often regarded as the silver to Bitcoin's gold, has been navigating a tumultuous journey, but recent technical indicators and on-chain signals suggest that brighter days may be on the horizon.
Cryptocurrency analysts of Coinidol.com report, Litecoin (LTC) price is moving sideways above $61 support.
A widely followed crypto analyst is sharing what he calls a “cheatsheet” for reading Bitcoin (BTC) price movements as the next halving approaches. Pseudonymous trader Rekt Capital shares a graph with his 351,800 followers on the social media platform X that suggests BTC's current prices are within the expected pre-halving range. “The Bitcoin Halving Cheatsheet.
In the months leading up to the Litecoin halving in August, the price of the blockchain's native LTC token was continuously on the rise. This renewed interest in investors who rushed back into the token and eventually pushed its price above $100.
In another crypto scam by a romantic partner, an Indian software engineer reportedly lost over $120,500. Local reports note that Kuldeep Patel, a Ahmedabad resident, recently contacted the cybercrime police, bringing the crime to light.
The Litecoin (LTC) price has increased since August 17, creating a bullish double-bottom pattern.
On August 17th, Litecoin (LTC) price broke the crucial support zone of $70 with a 13% intraday drop. The demand belt, present close to $70, was successful in bouncing the prices higher twice in 2023. Moreover, the downtrend cracks the trend line supporting the pullback phase, reflecting the solid supply pressure.
Litecoin is slowly moving higher from the $57.50 support against the US Dollar. LTC price is now trading above $60 and the 55 simple moving average (4 hours).
