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In recent times, Litecoin (LTC) has witnessed a dip in its price trajectory, even after surpassing a significant long-term resistance level at the start of July. While this bearish trend might raise concerns, there's a glimmer of hope on the horizon as LTC's price approaches a confluence of support levels that could potentially trigger a noteworthy rebound.
Step into the captivating world of cryptocurrencies, where prices and news intertwine to shape the digital asset arena. In this article, we delve into three notable crypto projects – Tron, Algorand, and Litecoin.
The world of cryptocurrencies is in constant motion, and Litecoin (LTC) stands as one of the significant players in this dynamic landscape. In this article, we delve into Litecoin's current price, recent performance, and examine predictions from experts that shed light on its potential growth trajectory.
The Litecoin (LTC) price has fallen since it deviated above long-term resistance at the beginning of July.
Welcome to our latest article delving into the dynamic crypto world, where prices and news collide to shape the landscape of digital assets, in this piece, we turn our attention to three prominent crypto projects Tron, Algorand and Litecoin.
The critical $80 support level could come to the rescue of LTC bulls again.
One week after the highly anticipated Litecoin halving event on August 2, on-chain data reveals that the network's hash rate, a key measure of computing power channeled to the network, is steady but erratic. As of August 9, trackers indicate that the Litecoin network's hash rate is hovering around 760 TH/s, a notable decrease from the all-time peak of 816 TH/s recorded in late July 2023.
Bitcoin's sharp recovery to $30,000 proves that bulls are buying BTC and altcoins at lower support levels.
Litecoin (LTC) is reaping the dividends of its halving as more mega marketplaces are now showing their support for one of the tokens built on the protocol as LTC20, LITE, through a timely listing. LITE Goes Live on Gate.io For the first time since its halving event, Litecoin's LITE token has tapped a mega listing
Cryptocurrency price analysis brought by Coinidol.com. The price of Litecoin (LTC) has fallen to its targeted low of $79.
In the dynamic and ever-changing world of cryptocurrencies, Litecoin (LTC) has sparked a bullish rally, reclaiming ground after dipping below $80. This surge comes amidst significant developments in the cryptocurrency world, with investors and enthusiasts closely watching Litecoin's price movements and the impact of recent events.
In the ever-evolving world of cryptocurrencies, Litecoin (LTC) has managed to trigger a recovery rally after experiencing a dip below $80. The popular digital asset saw significant buying pressure near the $79 mark, enabling it to initiate a bullish reversal and resume its upward trajectory.
It was observed that most long-term holders are still holding on to their LTC. While this confirms that the long-term market sentiment remains bullish, it has certainly not been the case for the short-term outlook.
Data shows that Litecoin long-term holders exited the asset before the halving, while short-term holders were left to panic on the halving day. The “halving” here refers to an event where the block rewards of Litecoin are permanently cut in half.
Since their debut on August 1, perpetual futures contracts for XRP and Litecoin (LTC) have seen a staggering $43.7 million in trading volume on Coinbase International, according to recent data shared by the exchanges.
Litecoin's much-anticipated halving event on Aug 2 has resulted in a 15% price correction from $94 toward the $80 territory. Such a sharp movement has raised eyebrows and sparked intense discussions among crypto traders. However, there's a hope of bullish momentum as the LTC price ceased its downward trajectory and pivoted upwards from its low.
Halving events are significant milestones that garner substantial attention. They reduce the reward for mining new blocks, making the cryptocurrency scarcer and, in theory, more valuable.
Litecoin Mining Hashrate Approaching All-Time High Despite Halving Impact The Litecoin mining hash rate, a vital indicator of the computing power miners devote to the network, is steadily approaching a new all-time high, despite the recent halving event that slashed block rewards in half.
Litecoin (LTC) has recently faced a period of bearish pressure that has taken a toll on its market performance. The months of July and August have witnessed a shift in sentiment, as bearish forces began to dominate the crypto market.
The Litecoin hashrate has been going up steadily over the last year. This was mainly driven by the anticipation leading up to the Litecoin halving that was slated to take place in August.
The halving event in 2019 saw a rally roughly a month before the event. It was followed by an extended downtrend and a consolidation phase that took 500 days.
Bitcoin's failure to rebound off strong support may open further downside as bears may be tempted to sell.
After the Litecoin bulls fell short in capitalizing on the recent halving event, a surge in bearish sentiment has taken hold. Noted analyst Crypto Tony anticipates that Litecoin's price could find a temporary support level around $65, presenting an attractive short-entry opportunity.
The Litecoin price has failed to rebound since the 12% retracement triggered by the latest Halving event on Aug 2. Facing the risk of costs outpacing the value of their block rewards, Litecoin miners have started depleting their reserves by millions of dollars.
