Litecoin Remains Stuck At $65 And Faces Further Price Decline
Cryptocurrency analysts of Coinidol.com report, Litecoin (LTC) price is moving sideways above $61 support.
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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).
Bitstamp, one of the leading cryptocurrency exchanges, announced today that it will offer boosted annual percentage yields (APY) of up to 6% on a range of cryptocurrencies including Ethereum (ETH), XRP, Tether (USDT), Bitcoin Cash (BCH), and Litecoin (LTC).
In a trading environment where a bearish outlook has taken center stage, leading to heavy asset liquidation every hour, Litecoin (LTC) is capturing attention for all the right reasons. As traders prepare for another wave of selling pressure following tomorrow's highly awaited court approval that will enable FTX to offload its $3.
On Sept 11, Litecoin's (LTC) price dropped below $60 for the first time since the infamous FTX crash in November 2022. On-chain analysis examines if the growing optimism among LTC long-term investors could be enough to trigger a Litecoin price rebound.
Gold has been used as a form of currency since the dawn of civilization. Throughout human history, it has always been recognized as one of the most precious metals. Silver, another precious metal, has played similar roles.
Inflow of holders to the LTC blockchain skyrocketed over the last month. But other datasets suggested that LTC's price was reaching a market bottom.
On-chain data shows Litecoin has reached another milestone as the total number of HODLers on the network now exceeds five million. Litecoin Long-Term Holders Have Continued To Rise In Number Recently According to data from the market intelligence platform IntoTheBlock, LTC has seen its long-term holder count hit a new record this week.
As one of the earliest cryptocurrencies, Litecoin has always been a key player in the industry. This coin once again captured the spotlight this June. As it became one of the four cryptocurrencies supported by EDX Markets. This and the upcoming halving have helped Litecoin record exceptional performance in the first half of 2023.
The total number of Litecoin's long-term holders reached a milestone of 5 million, barely a month after its third halving.
The Litecoin (LTC) price has broken down from a long-term ascending support line and is at risk of breaking down from a horizontal support area.
The latest price analysis by Coinidol.com report, Litecoin (LTC) is trading in a horizontal trend above the $62 support level.
Five million addresses have held Litecoin for over 12 months.
Litecoin Price Prediction - LTC price has been in a downtrend since its halving in August. Bears may target $50 soon.
Sellers are keeping the pressure on, according to the CoinMarketCap ranking.
Amid declining miner reserves and bearish market sentiment, Litecoin's price faces a critical moment as it hovers below the $65 mark.
Litecoin is showing bearish signs and trading below $66 against the US Dollar. LTC price is now trading below $65 and the 55 simple moving average (4 hours).
In the world of cryptocurrency, Litecoin (LTC) has recently experienced a rollercoaster ride of volatility, leaving investors and analysts on edge. After a brief price surge to approximately $0.70, driven by a significant legal victory for Grayscale against the SEC, bears have once again taken charge.
Litecoin (LTC) has found itself in a tight consolidation phase, firmly locked within the $60 to $70 range since mid-August. Despite several attempts to break above the $70 resistance level, bulls seem to be running low on aggressiveness.