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Litecoin (LTC) bears are back in control after Grayscale's landmark victory over the SEC last triggered a brief price rally toward $0.70. On-chain data examines if the bulls have enough in the tank to absorb the growing selling pressure.
Litecoin (CRYPTO: LTC) supporter Shan Belew has drawn attention to an event in the history of Dogecoin (CRYPTO: DOGE) that he says is often overlooked. What Happened; According to Belew, on September 11, 2014, Litecoin played a pivotal role in saving Dogecoin from potential collapse.
Litecoin (CRYPTO: LTC) supporter Shan Belew has drawn attention to an event in the history of Dogecoin (CRYPTO: DOGE) that he says is often overlooked. What Happened; According to Belew, on September 11, 2014, Litecoin played a pivotal role in saving Dogecoin from potential collapse.
Litecoin's short-term range consolidation could extend amidst increasing selling and buying interest levels at $66 and $60 respectively.
The crypto markets have approached a standstill position as most tokens have inculcated a sideways trend. The altcoins are constantly failing to secure levels above their respective resistance levels, which is preventing the bulls from gaining momentum.
In the dynamic world of cryptocurrencies, Litecoin has taken center stage today with its price standing at $64.17. This surge in Litecoin's value is being driven by a robust 24-hour trading volume of $954.35 million, reflecting strong investor interest.
Litecoin (LTC) price has stagnated within the $65 – $68 territory after failing to break above $70 during the mild price bounce earlier this week. With whale investors now closing their positions, on-chain analysis explores LTC price prospects for the coming weeks.
In a surprising twist of events, both Litecoin (LTC) and Bitcoin Cash (BCH) found themselves under downward pressure as the cryptocurrency market reacted to the release of the US nonfarm payrolls report. With 187,000 jobs added to the US economy in August, compared to a revised figure of 157,000 in July, the market witnessed shifts that caught the attention of investors.
Litecoin was down by as much as 5% during Friday's session, as markets reacted to the nonfarm payrolls report from the United States. 187,000 jobs were added to the economy in August, compared to the revised sum of 157,000 in July. Bitcoin cash also slipped, extending recent losses.
The cryptocurrency market has once again captured the attention of enthusiasts and investors worldwide with its volatile twists and turns. Recent weeks have witnessed the ebb and flow of digital currencies, with Litecoin (LTC) emerging as a standout performer during late June and early July.
In the ever-evolving realm of cryptocurrencies, Litecoin (LTC) stands resolute, deftly navigating the undulating terrain of price fluctuations. The latest trading value of LTC, clocking in at $67.73, showcases a marginal dip of 0.09% in the span of a single day.
Following the rising channel fallout and death cross pinning a bearish dominance over the daily chart, Litecoin drops to $60. Holding off any further depreciation in the market value, the buyers lead the LTC price into a sideways trend, waiting for the right moment.
Litecoin is slowly moving higher from the $60 support against the US Dollar. LTC price is now trading above $65 and the 55 simple moving average (4 hours).
In an unfolding narrative that has captured the rapt attention of investors and enthusiasts alike, the realm of cryptocurrency investment finds itself grappling with an unprecedented challenge — the largest outflows of funds since the regulatory turbulence that roiled the space back in March 2023. This recent development, characterized by substantial net fund withdrawals totaling a staggering $168 million from digital asset investment products, has once again thrust the volatile nature of the crypto market into the limelight, rekindling memories of the tumultuous events from earlier this decade.
Last week, Litecoin (LTC) slid to a 2023 bottom of $56, culminating in a third consecutive post-halving crash. Can Grayscale's landmark victory propel Litecoin price toward reclaiming the post-halving losses?
Cryptocurrency price analysis brought by Coinidol.com. Litecoin (LTC) price has rallied to a high of $70, although the positive momentum is short-lived. The cryptocurrency value has returned to the range where it was before.
The count of long-term Litecoin addresses has grown in the last year despite a consistent decline in the coin's value. What's keeping LTC afloat?
In a striking development that underscores a lasting sense of optimism, Litecoin, a prominent player in the cryptocurrency realm, is currently experiencing a noteworthy uptick in the number of steadfast, long-term holders. This noteworthy surge in confidence has been brought to the forefront by none other than IntoTheBlock, an on-chain analytics firm renowned for its insightful market assessments.
The mean coin age of LTC has been climbing higher since late June. Even after the recent losses in the price, this metric continued to climb higher, which signaled a network-wide accumulation of Litecoin.
In a refreshing ruling on August 29, the United States District of Columbia Court of Appeals said the stringent Securities and Exchange Commission (SEC) was, after all, wrong in denying Grayscale to convert their over-the-counter (OTC) Bitcoin Trust (GBTC) into a Bitcoin spot exchange-traded fund (ETF). The regulator had previously barred the conversion of the GBTC to an ETF, citing an alleged absence of measures to prevent price manipulation, forcing Grayscale to sue.
Bitcoin price jumped by more than 5% on Tuesday after Grayscale won a major lawsuit against the Securities and Exchange Commission (SEC). The coin rose by more than 5%, triggering a major rebound in the altcoins market.
On-chain analytics firm IntoTheBlock highlighted positivity for Litecoin in a recent tweet, noting that long-term LTC holders are surging.
Litecoin (LTC) has seen a downside trend since its much-anticipated halving. The alt touched monthly lows after successful completion of the event that players awaited for four years. Meanwhile, investors have capitalized on the dips to accumulate the token at discounted prices. Nonetheless, surged accumulation failed to generate satisfactory buying momentum.
In the past 30 days, the price of Litecoin (LTC) has experienced a downward trend, dropping nearly 30% since its halving event. This decline has presented investors with a tempting chance to heavily accumulate the altcoin. However, even with increased accumulation at its lower price points, Litecoin has not managed to generate sufficient buying pressure.
