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After months of muted price action, Litecoin is showing signs of life with a rally off key long-term support around $68 - it must now break past resistance at $74 to confirm an upside breakout.
The price of Litecoin (LTC) rises above the moving average lines after being caught by them.
Litecoin is gaining pace above the $65.00 resistance against the US Dollar. LTC price is now trading above $66.00 and the 55 simple moving average (4 hours).
An increase in Litecoin's hash rate and difficulty augured well for the security of the network.
On-chain data shows a Litecoin whale has made a large deposit to cryptocurrency exchange Binance, which could add to the coin's decline. Litecoin Whale Has Transferred 100,000 LTC To Binance Today According to data from the cryptocurrency transaction tracker service Whale Alert, a large transfer has been spotted on the Litecoin network during the past day.
The Litecoin (LTC) price has traded above a long-term ascending support trend line for more than 600 days.
On-chain analysis compares the Bitcoin Cash (BCH) and Litecoin (LTC) short-term price prospects in the race to reach $6 billion market capitalization.
The crypto industry continues to display a mixed sentiment as some top tokens record positive uptrend whereas the other half experiences a correction in valuation. Litecoin, on the other hand, continues its struggle to regain momentum as it continues to hover around the $70 mark. The LTC price traded in a narrow space between $64.
Wealthy crypto investors are moving hundreds of millions of dollars worth of digital assets, including Bitcoin (BTC) and Ethereum (ETH), as a new week begins. According to the address tracker Whale Alert, crypto whales have abruptly shifted $350 million worth of virtual currencies in the last 36 hours.
As Litecoin prices climb back above $70, is LTC gearing up for a bull run? Read to find out.
Litecoin's climb above $71 represents a noteworthy achievement, particularly as it hasn't reached this level since January 22nd.
Litecoin price has been on every trader's radar as the “Silver to Bitcoin's Gold” token has displayed strength in the market while other altcoins fell short. As of now, LTC is up 3.8% hovering at $71.2 for the first time since 22 January 2024.
Litecoin (LTC) price is still trading below the moving average lines but remains above the $65 support. Price analysis by Coinidol.com.
Litecoin is gaining pace above the $67.00 resistance against the US Dollar. LTC price is now trading above $68.00 and the 55 simple moving average (4 hours).
Not all cryptocurrencies have benefited from the recovery of the crypto markets at the end of 2023.
The Litecoin (LTC) price has consolidated above a long-term support level since August 2023.
After barely surviving the 2022/2023 crypto bear market, it is prudent for every investor to position their portfolio properly or risk holding non-performing digital assets. As of this report, there are more than 12,500 crypto assets, excluding stablecoins.
Litecoin started a fresh decline from the $72.50 resistance zone against the US Dollar. LTC price is now trading below $70.00 and the 55 simple moving average (4 hours).
Litecoin price analysis by Coinidol.com on February 1, 2024
Litecoin (LTC), one of the oldest and most prominent cryptocurrencies, has set a new milestone for network performance. Litecoin's hashrate is now far above PetaHash, with a new all-time high of 1.31 PH/s.
The Litecoin (LTC) price trades above a diagonal and horizontal support area that has been in place for more than 600 days.
Litecoin started a fresh decline from the $72.00 resistance zone against the US Dollar. LTC price is now trading below $68.00 and the 55 simple moving average (4 hours).
The Litecoin (LTC) price trades above a long-term support trend line that has existed for 600 days.
The upcoming Litecoin halving event is estimated to take place in August, 2027 roughly after 1302 days and 17 hours. It will reduce the current LTC block reward of 6.25 LTC to 3.125 LTC.
