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Litecoin's (LTC) price failed to break above the $70 resistance last week. However, two vital on-chain indicators keep the bull's hopes of LTC price reclaiming the $80 territory alive.
The latest price analysis by Coinidol.com report, the price of Litecoin (LTC) has returned to a zone between $58 and $70.
Litecoin faced resistance at the $68-$70 region since late August and was in a consolidation phase below $70 at press time- here's why that's set to continue this week.
The crypto market is pulsating with new developments, with Bitcoin (BTC) reclaiming heights unseen since May 2022. The anticipation surrounding the U.S. spot Bitcoin ETF has invigorated market participants, triggering a substantial price push and a consequential short squeeze.
In a world of rapidly evolving digital assets, Litecoin continues to stand out as a resilient and innovative cryptocurrency. Recent developments have brought fresh enthusiasm to the crypto community, with Litecoin achieving extraordinary growth in its network activity and successfully completing a much-anticipated halving event.
Litecoin bulls may have failed to yield a strong run but the network still managed to achieve a win somewhere else. It turns out that the latest bullish phase triggered a surge in Litecoin's hash rate
Whale Moves and On-chain Data: A rise in large transactions and daily network activity for Litecoin indicates increased interest, especially as its third halving event approaches. Litecoin's Market Position and Technical Signals Litecoin (LTC), a well-known cryptocurrency, is showing positive signs of a potential price increase.
Litecoin's market value rip caused frantic activity on the network, evidenced by the jump in whale transactions and liquid supply.
Litecoin (LTC) whales are making their way back into the market once more as the bull market establishes itself. A number of large transactions have been flagged which suggests that these millionaire accounts are coming out to play.
Litecoin (LTC) price's uptrend hit a temporary pause at $72 after a commendable rally from October's support at $60. A pre-halving rally propelled LTC to highs at $115, but the crypto winter soon caught up with the coin which appears to have erased all the gains year-to-date.
Litecoin (LTC) is gradually reversing some of its gains as subtle consolidation returns to the market. While Litecoin is trading at $68.65, down by 1.35% in the past 24 hours, Santiment data projects an optimistic outlook for the Layer-1 protocol on grounds of increased on-chain transaction activity.
Litecoin (LTC) shows signs of a potential bullish rebound in the coming days. Recent crypto market data indicates that Litecoin's price has increased by nearly 14 percent since October 18, and it is now trading at around $67 as of Friday.
Litecoin started a steady increase above $65 against the US Dollar. LTC price is now trading above $66 and the 55 simple moving average (4 hours).
Grayscale, one of the largest institutions heavily invested in the crypto segment, is becoming increasingly interested in Litecoin. So much so that LTC will be included in the FTSE Grayscale Crypto Sector Index Series.
The price of Litecoin (LTC) resumed its uptrend and rose above the moving average lines and resistance at $70.
Hyblock data showed a positive Cumulative Liq Levels Delta for Litecoin. The recent pullback from $72 saw some long positions liquidated, which brought this Delta down.
In an exciting turn of events, Litecoin (LTC) made waves in the cryptocurrency world today, hitting a remarkable high of $72.89, a peak not witnessed since August 16. This surge in LTC's value has left enthusiasts and investors eager to dive into the world of digital assets, and there's more to the story that's captured the attention of many.
In the ever-evolving world of cryptocurrencies, Bitcoin (BTC) often takes center stage, captivating the attention of investors and enthusiasts alike with its impressive price surges. However, amidst the shadow of the king coin's grandeur, Litecoin (LTC) has quietly been making its own mark.
The Litecoin (LTC) price reached a 70-day high of $72.89 today, breaking out from its range high.
In the last three months, the correlation coefficient between Bitcoin and Litecoin was 0.78. Such a close movement could give credence to the fact that LTC would most likely join a BTC rally.
In a dynamic world of digital assets, cryptocurrency enthusiasts eagerly anticipate the insights of renowned expert Tone Vays. With November just around the corner, Vays has shared his predictions for Bitcoin, Ethereum, and Litecoin.
In a significant turn of events for Litecoin, the cryptocurrency has witnessed a remarkable shift in its trajectory after the third halving event that took place on August 2, 2023. This momentous event reduced block rewards for miners from 12.5 LTC to 6.25 LTC.
The price of Litecoin (LTC) jumped over 4% on Friday, exceeding $64 as the broader crypto market saw renewed optimism. LTC rallied alongside Bitcoin breaching $30,000, with trading volumes on major exchanges reaching $370 million.
There was a bearish breaker block in the $65-$73 zone that was plotted from the LTC 1-day price chart just above the mid-range resistance.
