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Litecoin (LTC) price hit a third consecutive post-halving crash when it tumbled 24% on August 17, dropping to a 2023 low of $56. Historical on-chain data provides insights into how Litecoin investors reacted to similar price crashes in the past.
Ripple (XRP), Litecoin (LTC) and Stellar (XLM) gained bullish momentum over the past 24 hours as the global crypto market cap turned green after last week's “bloodbath.
Crypto markets saw one of the biggest long liquidation events since FTX's collapse, with little buying pressure over the past few days.
Following a turbulent week for the cryptocurrency market, several altcoins are signaling potential recoveries, with XRP, Litecoin (LTC), and Stellar (XLM) taking the lead.
Litecoin price declined heavily below $80 and $70 against the US Dollar. LTC is attempting a recovery wave but upsides might be limited above $70.
Major digital assets like Bitcoin and Ethereum have largely seen stable activity concerning their active addresses, according to recent data from blockchain analytics firm IntoTheBlock.
Since the last halving, Litecoin's hashrate has remained stable, and its difficulty reached an all-time high on 2 August.
Litecoin, represented by its LTC/USD trading pair, saw its value plummet to an alarming low of $61.76, marking a stark contrast from its earlier peak of $74.73 earlier in the same day. The sudden drop, which occurred late on Thursday, stirred unease within the cryptocurrency community.
Litecoin price prediction: Litecoin's ongoing price is $64. Might we witness Litecoin plummeting to $20?
In an era marked by rapid changes in the world of digital currencies, Litecoin has displayed remarkable resilience by maintaining a stable value of $65.07. This milestone serves as a testament to the ever-evolving dynamics of the cryptocurrency market, offering both enthusiasts and investors a valuable insight into its current landscape.
Ahead of the sharp crypto price crash, a former U.S.
Litecoin (LTC), the altcoin often dubbed as “silver to Bitcoin's gold,” has found itself caught in the downward spiral of the cryptocurrency market, mirroring the struggles of its larger counterpart. While LTC's association with Bitcoin has long been a double-edged sword, the recent price crash is putting on the spotlight the intricate interplay between these digital assets.
In contrast, KAS and HBAR have soared by double-digits in the past 24 hours.
In the rapidly evolving realm of cryptocurrencies, where fortunes can be made or shattered overnight, Litecoin's recent halving event has defied expectations, sparking unconventional repercussions in its wake. Contrary to the anticipated surge in value following a halving, Litecoin's market price took an unforeseen dip, leaving analysts and enthusiasts puzzled.
Bitcoin and most major altcoins are reeling under intense selling and charts suggest that the market sell-off is not complete.
Litecoin retested March low, but a solid reversal wasn't clear yet as BTC weakened further.
Litecoin was one of the notable movers during Friday's crypto blood bath, as markets reacted to speculation that Spacex had sold over $370 million in bitcoin. Today's sell-off saw the global market cap fall by roughly 6.20%, at the time of writing. XRP also fell significantly.
In the past 24 hours, the cryptocurrency market experienced a significant crash, eliminating expectations of a bullish surge. This decline was triggered by a series of macroeconomic news, erasing the progress made over the past two months.
Litecoin Price Prediction - LTC price has gained a bearish outlook after making lower low on daily chart. The only hope is the $64.5 weekly support.
The cryptocurrency market is no stranger to volatility, but the recent sharp decline in prices took many by surprise. This sudden drop came on the heels of a prolonged period of low volatility, with most assets reaching significant lows in this metric.
With the buyer's confidence going haywire, the altcoins are struggling to find a solid footing to hold the downfall. With top coins like Bitcoin(BTC) and Ethereum(ETH) down by 7.52% and 6.02%, Litecoin faces intense bearish pressure.
Shiba Inu (SHIB) has leapfrogged Litecoin (LTC) on the cryptocurrency rankings following the market shake-up on Thursday. While SHIB held firm at the $0.000008 support, Litecoin (LTC) hit a yearly low of $56, taking its market capitalization below $5 billion in the process.
Litecoin is a peer-to-peer cryptocurrency that was created in 2011 by Charlie Lee. It is based on the Bitcoin protocol, but it has a number of differences, including a faster block time and a smaller block size.
In the ever-evolving and dynamic landscape of cryptocurrency, Litecoin (LTC) has undeniably captured the attention of both enthusiasts and investors. However, recent shifts in its price movements have sparked contemplation regarding its potential in the short- to mid-term.
