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Litecoin (LTC) is generating significant buzz and excitement as its much-anticipated halving event approaches. With the halving just around the corner, whales—large investors—have started to make their moves, injecting a sense of urgency and driving increased interest in this crypto asset.
Driven by strong momentum in the broader crypto market, these hot cryptos to buy could see much higher prices.
The HODLing attitude from investors can be attributed to the expectation of positive price action upon completion of the halving event.
The cryptocurrency market continues to captivate investors worldwide with its thrilling and unpredictable nature. Litecoin (LTC) and Bitcoin (BTC) have set off a frenzy as their prices surge to unprecedented heights in anticipation of major events.
As the Litecoin halving draws near, whales dive in, driving increased interest. Social buzz and price trends reflect the growing anticipation in the crypto community.
Litecoin (LTC) is currently embroiled in a mix of ups and downs with respect to its price action. The digital currency has seen its price slump by 5.42% over the past 24 hours and is changing hands at $97.58.
These crypto investments are ripe for a bullish ETF impact, as BlackRock readies to boost its Bitcoin ETF, investors would benefit as well.
Litecoin is fast approaching its halving event, with only 27 days until its block reward "halves" from 12.5 LTC to 6.25 LTC.
The world's largest crypto exchange Binance to retire selected deposit addresses and memos in batches by networks in Q3. It is part of upgrading its wallet infrastructure to ensure better efficiency and fund security for its users.
The Litecoin (LTC) price finally cleared the $100 horizontal resistance area and reached a new yearly high of $115 on July 3. This was the highest price in more than a year.
The fresh FOMC MoM which was released recently, has compressed the crypto space as the majority of the tokens including Bitcoin, have been trading within a very narrow range. Alongside, Litecoin, which has registered a couple of bullish weekly closes, has flipped and tested the resistance-turned-to-support levels which appear pretty decisive at the moment.
With Bitcoin leading the broader crypto market rally, altcoins have been showing good moves off lately. As we know, trading activity in Litecoin (LTC) has picked up quite fast recently as we approach the Litecoin halving event in mid-August next month.
Litecoin started a downside correction from the $115 zone against the US Dollar. LTC price is now trading above $98 and the 55 simple moving average (4 hours).
Litecoin's mean coin age metric showed that since April coin movement between addresses has been on the rise, going against the expectation of accumulation.
Bullish crypto traders are struggling to clear the overhead barrier in Bitcoin and select altcoins, indicating that bears have not given up yet.
Litecoin price is down today in part due to its overbought conditions and ahead of the Federal Reserve's meeting minutes release.
Crypto trader Ran Neurer highlights an interesting fact about the cryptocurrencies XRP, Litecoin (LTC) and Dogecoin.
With Litecoin's halving event just a few weeks away, a spike in investors' profitability hints at a looming decline in LTC's value.
Cryptocurrency analysts of Coinidol.com report, the cryptocurrency asset retraced above the $103 breakout level yesterday as the altcoin found support.
Crypto analytics firm Santiment has revealed that large Bitcoin holders, referred to as whale addresses (holding over 1,000 BTC) and shark addresses (holding 10 BTC), have been aggressively accumulating Bitcoin at an accelerated pace in the past seven weeks.
Litecoin price is faring well ahead of the much-awaited halving event on August 20. In just a week, LTC's market value has increased by 20.5% to $105, allowing investors to recoup the losses incurred during the rout in June.
A prominent cryptocurrency strategist, Michaël van de Poppe, has recently shared his predictions for the price movements of two popular cryptocurrencies, Litecoin (LTC) and Chainlink (LINK). Van de Poppe, who enjoys a significant following on Twitter, believes that both Litecoin and Chainlink have the potential to experience substantial price surges.
A widely followed crypto strategist believes that both Litecoin (LTC) and Chainlink (LINK) are set to print gains of over 100%. Analyst Michaël van de Poppe tells his 659,700 Twitter followers that the peer-to-peer payments network Litecoin looks bullish after taking out several technical resistances following its steep ascent last week.
Litecoin has demonstrated a consistently positive trend in recent weeks, reflecting a strong market sentiment. As the broader market has gained strength in recent trading sessions, Litecoin has managed to sustain its gains.
