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Litecoin was back above $80.00 on Wednesday, as the token climbed away from a recent six-week low. Today's rise in price sees the cryptocurrency surge for a third straight day, despite recent market volatility. Cardano was also marginally higher. Litecoin (LTC) Litecoin (LTC) jumped back above $80.
On-chain data shows a growth in Litecoin activity, suggesting that Bitcoin investors may be using LTC for taking advantage of its cheap transfers.
Today's Litecoin price analysis indicates a downward trend as a bearish shift has been recorded, leading to a decrease in its value. The cryptocurrency's price has been impacted by this bearish strike.
Litecoin is showing bearish signs and trading above $75 against the US Dollar. LTC price is now trading below $85 and the 55 simple moving average (4 hours).
Market research firm Santiment has identified five altcoins that are potentially ready for growth as they approach what could be their lowest points. Despite the current market fluctuations, with Bitcoin and Ethereum holding their positions, these five altcoins are entering opportunity zones where traders may see significant upside potential.
Bitcoin and select cryptocurrencies are trying to start a rebound following the CPI data release but bulls may find it difficult to continue the recovery at higher levels.
After a 12% decline already in May 2023, LTC holders appear to be positioning for further bearish Litecoin price predictions.
The crypto market is going through a particularly uncertain period, characterised by a now relatively long lateralisation: how are Litecoin, Algorand and Ethereum performing in this period?
Litecoin (LTC) has recently set a new all-time high (ATH) in daily transactions, with over 579,000 transactions occurring yesterday, suggests IntoTheBlock's data. This milestone is particularly intriguing as Litecoin's daily transactions are now nearing those of Bitcoin, which had 598,000 transactions on the same day.
Soaring in transactions and new registered wallets, LTC's second breath is mostly thanks to the LTC-20 experimental protocol.
According to on-chain data from Glassnode, the Litecoin network exceeded the Bitcoin ecosystem in new addresses created for the first time.
Litecoin's number of transactions increased at an exponential rate over the last few days. Bitcoin's high transaction fees could have been the driving force.
Blockchain analytics platform Santiment is bullish on five crypto assets amid a larger fall in the prices of altcoins relative to Bitcoin (BTC). Santiment says that Litecoin (LTC) and four other altcoins are underbought with most traders nursing losses.
Litecoin is getting a lot of attention at the moment as its big brother Bitcoin gets bogged down by memecoins and Ordinals.
Litecoin price is attempting a recovery wave from $75 against the US Dollar. LTC could struggle to clear $82 or $85 and might start another decline.
Litecoin (LTC) has lately seen a large increase in whale transactions.
The new addresses getting created on Litecoin surpassed new addresses on Bitcoin, boosting the overall network growth.
Transaction fees on the Bitcoin blockchain have hit a two-year high due to the growing popularity of so-called BRC-20 tokens.
Litecoin has continued to decline and has now slipped under the $80 level, but if a metric is anything to go by, the coin may be near the bottom. Litecoin Is Now In The MVRV Opportunity Zone According to data from the on-chain analytics firm Santiment, some altcoins, including Litecoin, are showing underbought signals after the recent price decline.
Cryptocurrencies sank again today as the market digested multiple concerns.
On Tuesday morning in Asia, Bitcoin fell below US$28,000 as the growth of the Ordinal protocol and Bitcoin-based memecoins drove up transaction fees and caused network congestion. Ether, as well as the top ten non-stablecoin cryptocurrencies, have declined, with Litecoin topping the losers.
Santiment, an onchain analytics company, recently tweeted that altcoins, or alternative cryptocurrencies to Bitcoin, are showing underbought signals after their market caps fell in comparison to Bitcoin at the beginning of the week.
Litecoin Price Prediction has flipped bearish and LTC price may drop to $61 in the next few weeks.
Litecoin [LTC] is stuck in a bearish structure as BTC faces elevated short-term selling pressure.
