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Litecoin has remained stable over the last few weeks, with the crypto community continuing with the halving countdown. The alternative token shows strength even as Bitcoin and other cryptos encounter selling momentum. LTC gained 14% over the past seven days to overcome its near-term obstacle at $90.
While Bitcoin and other altcoins have faced the heat of selling pressure, Litecoin is showing strength over the past few weeks. The LTC price has gained past $90 ending the last week with more than 14% gains.
Litecoin (LTC), also known as the lite version of the largest cryptocurrency bitcoin (BTC), has been suffering the bear market conditions as it's down by nearly 78% from its all-time high (ATH) of $412.9 in May 2021.
Litecoin Ordinals completed its 3 million inscriptions. The blockchain's hashrate has been on the rise, as has its price action.
Meanwhile, Bitcoin, the main cryptocurrency, remains stable, holding value around $27K, creating ambiguity about its next steps amid economic turmoil.
Litecoin price is attempting an upside break above $93 against the US Dollar. LTC could rally if it clears the $93 and $95 resistance levels.
Digital assets manager CoinShares says institutional investors continue to be cautious on the market as crypto suffers outflows for the fifth week in a row. In its latest Digital Asset Fund Flows Weekly Report, CoinShares finds that institutional investors sold off $32 million in crypto holdings last week for a fifth consecutive week of outflows.
Despite the prevailing selling pressure in the cryptocurrency market, Litecoin has emerged as a standout performer. While the past 24 hours have not witnessed significant movement in the LTC price, the weekly chart reveals an appreciation of nearly 4%.
Litecoin, often referred to as the “silver” to Bitcoin's “gold,” has captivated the attention of investors and crypto enthusiasts with its impressive resilience. The cryptocurrency's ability to defend the $90 price level amidst market fluctuations has sparked optimism and generated excitement for its future growth potential.
Recently, Litecoin witnessed increased popularity due to issues surrounding the BTC network. However, all could not be deemed well for LTC as holders shorting the token could give way to the bears.
An onchain metric suggests that litecoin (LTC), the 12th largest cryptocurrency by market value, is trading at discounted prices. CoinDesk's Jenn Sanasie presents "The Chart of the Day.
In a fascinating twist of fate, the Ordinals protocol, which was originally developed for the Bitcoin network, has unleashed a wave of heightened activity on both the Litecoin (LTC) and Dogecoin (DOGE) networks. Originally conceptualized by Casey Rodarmor as a means to “inscribe” text and imagery onto the Bitcoin blockchain, the Ordinals protocol has now transcended its initial purpose, extending its influence to the domains of LTC and DOGE and fueling a surge in transaction volumes.
The Litecoin (LTC) price increase is expected to continue if the wave count is correct.
Dogecoin and Litecoin recorded surging daily transaction volumes for the third consecutive week after marking their Ordinal debuts.
Digital asset funds have registered the 5th successive week of outflows. Meanwhile, the space lost another $32 million within the last seven days. The leading crypto, Bitcoin (BTC), dominated with outflows of $33 million. Bitcoin funds saw $33m outflows over last week It was yet another week of withdrawals in digital asset funds.
Renowned crypto trader DonAlt shares his valuable insights into the current market trends, shedding light on two altcoins that have captured his attention.
Renowned crypto trader and analyst, operating under the pseudonym DonAlt, has recently shared his perspectives on two major altcoins, Lido DAO (LDO) and Litecoin (LTC), which he currently finds interesting due to various market factors.
Litecoin, a legacy cryptocurrency known for its stability, is exhibiting one of its most significant growth spurts in its nearly 12-year history, primarily due to the introduction of the LTC-20 standard and the anticipation of an approaching halving event.
The Litecoin price analysis shows a further collapse of price levels. The LTC/USD pair price went a little up on May 19 and 20, 2023, after a strong correction.
Move over Bitcoin, Ordinals on Litecoin and Dogecoin have unleashed a frenzy of transactions.
While the prospects of a move to $100 looked good, a Litecoin rally above the yearly highs was dubious.
Cryptocurrency prices remains gentle on Sunday, with most assets exhibiting mild bullishness. Meanwhile, Litecoin (LTC) tops the trend chart, following its impressive run over the previous week. The altcoin overcame its crucial resistance zone at $90, hovering within the $92 territory during this publication. LTC surged 2.04% within the previous 24 hours.
The cryptocurrency market continues to captivate global interest, and recently, a prominent crypto analyst made a bold forecast regarding the future value of Litecoin (LTC), a leading digital currency known for its secure transactions and impressive processing speed. The analyst predicts that Litecoin could experience significant gains in the next few weeks, potentially reaching a value of $600 by late June.
The cryptocurrency ecosystem is seeing a mild bullish run this weekend with Litecoin (LTC) notably riding the trend. The Proof-of-Work (PoW) blockchain protocol broke its crucial resistance price at $90 and is changing hands at exactly $92.29 after inking a 2.04% growth over the past 24 hours.
