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The switch to buying significant quantities infers that HODLers are confident in LTC's price action. However, the coin needs to meet certain conditions.

Litecoin's share of the global payments jumped from 23% in March to a little over 34% by the end of July.

This month of August, altcoins continued to face strong correction along with Bitcoin. However, some of them are showing signs of recovery, particularly among them are Shiba Inu (SHIB) and Litecoin (LTC).

Litecoin (LTC) is seeing a rise in its utility for payments. The Litecoin Foundation, a nonprofit organization overseeing the development and support of Litecoin, draws attention to this fact in a recent post on X, formerly known as Twitter.

BTC is only down by roughly 62% from its ATH, while ETH is at a 675% discount from its historic high. Based on the ATH discounts, we can conclude that LTC is more overvalued than its counterparts.

As Bitcoin faces volatility, Ethereum (ETH), Litecoin (LTC), and Shiba Inu (SHIB) are poised for a potential recovery next week.

SHIB (Shiba Inu): Shiba Inu is perilously close to a major resistance level of $0.00000804. This point has historically served as both support and resistance.

Litecoin experienced its first halving at block 840,000 on August 25, 2015, which cut the block reward from 50 LTC to 25 LTC. Then, on August 5, 2019, the crypto underwent its second halving at block 1,680,000, further reducing the block reward to 12.5 LTC.

Litecoin just had its third halving, which marks another crypto milestone. As one of the earliest crypto projects, LTC is recognized as “the lite version of Bitcoin”. Thanks to its superior throughput, faster transactions, and lower fees.

In a dramatic and exhilarating turn of events, Litecoin, the trailblazing cryptocurrency, has once again shattered its own records, achieving an astonishing milestone of 175 million transactions on its highly efficient and secure network. The reverberations of this monumental accomplishment are echoing throughout the cryptocurrency sphere, amplified by a recent tweet that exultantly heralded this remarkable feat.

Cryptocurrencies are more than just price action, market capitalization, and tokenomics. Such innovative technology, moving a trillion-dollar market, is actually meant to be used by people, in order to solve real-world problems.

Cryptocurrency analyst Benjamin Cowen has recently raised concerns about Litecoin (LTC) as a viable long-term investment. According to Cowen, Litecoin's performance, especially when compared to Bitcoin (BTC), leaves much to be desired.

Litecoin has just broken a record in terms of network transactions. An exciting tweet states that the 175 millionth transaction has just been completed on the Litecoin network.

Crypto news and updates regarding Shiba Inu (SHIB), Litecoin (LTC) and Binance Coin (BNB). What is their current price performance and future forecast?

Top crypto analyst Benjamin Cowen is warning that one Ethereum (ETH) rival could plummet like Cardano (ADA) did last cycle.

Litecoin is showing bearish signs and trading below $75 against the US Dollar. LTC price is now trading below $72 and the 55 simple moving average (4 hours).

Google's crypto advertisement made an unsuspecting user fall prey to a scam. The ad used the name CELER, which resulted in a staggering $900,000 loss to the victim.

The Litecoin (LTC) price has decreased since reaching a new yearly high in July. The decrease validated the $100 horizontal area as resistance.

Cryptocurrency analysts of Coinidol.com report, Litecoin (LTC) price is falling and has reached the oversold status.

In an era defined by technological innovation, the emergence of cryptocurrencies has captivated the world's attention, promising transformative changes to the financial landscape. Among these virtual assets, Litecoin, a prominent digital currency, has recently garnered significant attention due to its remarkable stability, maintaining a consistent price of $65.07.

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With increased LTC distribution observed on the daily chart, the altcoin's gains in the last 24 hours might soon be vaporized.

Litecoin was back in the green to start the week, despite the crypto market continuing to trend mostly lower. At the time of writing, the global market cap is down 0.59%, following a recent red wave. Ethereum classic also climbed higher on Monday, hitting a four-day high in the process.

There was an FVG on the H4 chart that extended from $65.97 to $72.79 that Litecoin left behind during its rapid descent on 17 August. Therefore, a bounce to $72 was possible to fill this gap.