Will Litecoin (LTC) Bounce Back After a Steep 30% Price Correction?
Litecoin's (LTC) price looks at recovery following a bearish couple of days, which also validated a 30% decline.
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Litecoin's (LTC) price looks at recovery following a bearish couple of days, which also validated a 30% decline.
Litecoin (LTC), one of the leading cryptocurrencies in the market, has experienced a notable correction in its price recently. Despite Bitcoin experiencing downward pressure, LTC avoided establishing a new low, indicating its relative strength in the market.
The market appeared to be in the middle of a pre-halving rally as the Bitcoin (BTC) price soared high and achieved a new ATH close to $74,000. This triggered a healthy upswing within the entire crypto space, which propelled the LTC price beyond $100, surpassing one of the key resistance levels.
Litecoin started a fresh decline from the $105 resistance zone against the US Dollar. LTC price is now trading below $90 and the 55 simple moving average (4 hours).
Grayscale has added 32K LTC coins as Litecoin becomes top cryptocurrency for payments in the U.S.
Litecoin displays signs of a promising rally despite high volatility centered around the Bitcoin's halving.
Bitcoin isn't the only coin that cuts block rewards in half every four years. Here are three others — and how past halvings have influenced their prices.
The Litecoin (LTC) price currently displays bullish signals against Bitcoin, prompting speculation about a potential significant upward movement for LTC.
Litecoin (LTC), the cryptocurrency has etched its name in the annals of history by surpassing the remarkable milestone of five million long-term holders. Join us on an immersive journey as we unravel the significance of this epochal event, dissect the underlying narratives fueling this surge, and contemplate the transformative implications for LTC's future.
At its core, the concept of long-term holders refers to those individuals who have demonstrated unwavering faith in a particular cryptocurrency by holding onto it for an extended period, typically more than a year. These steadfast investors, often referred to as “HODLers,” are known for their resilience in the face of market volatility and their commitment to the long-term potential of their chosen digital assets.
Litecoin, the lite version of Bitcoin, has been trending in the crypto market for the past few days. Apart from its unique features, Litecoin has created a new milestone in its career.
The crypto market got a small boost from the coin of the moment, Bitcoin. As always, the pump pulled some of the top altcoins including Cardano (ADA) and Litecoin (LTC) into better positions. Well, Cardano investors are still dealing with the aftermath of Grayscale's dump and ADA can really use some price surge right now.
The price of Litecoin (LTC) has fallen below the 21-day SMA. The previous uptrend ended when the altcoin rose to a high of $110.
On-chain data shows that Litecoin's long-term holders have achieved a new record: 62.5% of all LTC investors now qualify as these HODLers.
The crypto failed to move in either direction appreciably of late despite its several achievements.
Coinbase Derivatives says its primary goal in launching new crypto futures contracts is to create markets that offer retail traders diversification, price discovery, risk management, and margin.
Recently, reports from IntoTheBlock revealed that the Litecoin (LTC) network has exceeded five million long-term holders. This achievement represents approximately 62.5% of all LTC addresses with a balance, underscoring Litecoin's widespread adoption and long-term viability within the crypto community.
Litecoin price: The cryptocurrency market is currently in a state of pre-halving consolidation following the lead of Bitcoin price wavering around $70000. As a result, most major altcoins including Litecoin have witnessed fresh correction seeking support at respective support levels.
Litecoin (LTC) has reached a historic milestone, as reported by IntoTheBlock. The network now boasts over five million long-term holders, comprising an impressive 62.5% of all LTC addresses with a balance.
Litecoin has created history with its mind blowing hold over the world. The financial system was revolutionized when Litecoin started climbing the ladder.
Litecoin is holding gains above the $92.00 support against the US Dollar. LTC price is now trading below $100.00 and the 55 simple moving average (4 hours).
Cryptocurrency investment products saw inflows of $646 million over the past week, bringing year-to-date inflows to their highest level ever at $13.8 billion, surpassing the previous record of $10.6 billion seen in 2021.
Litecoin's (LTC) price is stuck in a bearish pattern that could halt its ongoing rally and push the altcoin downward.
Litecoin (LTC) price reached an eight-month peak of $112.70 on April 1, as investors move to capture potential gains from the forthcoming Bitcoin halving.