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Litecoin price analysis shows that the LTC/USD pair has fallen to a new low of $88.87 after a bearish drive. The market has found support at the 85.43 level and is currently trading in a sideways trend.
If the Litecoin (LTC) price does not manage to reclaim the $89 Fib level, more downside is expected.
In today's cryptocurrency market, a variety of projects are witnessing noteworthy gains while others face significant losses. EGLD, RNDR, INJ, CSPR, and OSMO are leading the gains for the day, while Cake, NEAR, LTC, Algo, LUNA, and EOS have been identified as the top losers.
Litecoin started a fresh decline below the $92 zone against the US Dollar. LTC price is now trading below $92 and the 55 simple moving average (4 hours).
A broad-based rally suggests one thesis for crypto might hold true.
On both the daily timeframe and the 4-hour price chart of Litecoin, there was a fair value gap in the $95-$97 region.
The past week has led to stagnation across the cryptocurrency market for the most part, with a majority of assets moving minutely in either direction
Litecoin price has displayed immense strength ever since the price dropped heavily after the Terra collapse. The price was also impacted due to the FTX fallout, but soon rebounded and recovered losses before the end of the year 2022.
The Litecoin price analysis is showing signs of bullish activity as the price has increased considerably in the last 24 hours. The price has been uplifted to $89.24 as a result of the bullish pressure and is expected to upgrade even more.
The Litecoin (LTC) price was rejected by a long-term horizontal area and is attempting to find support at the closest Fib level.
Litecoin (LTC) price is bearish as it has broken below the moving average lines.
Bitcoin (BTC/USD) price has moved into a correction phase in the past few days after falling by over 12% from the highest level this month. This decline has also led to a major breakdown in other altcoins like Ethereum, Cardano, Litecoin, Polkadot, XRP, and Chainlink.
Litecoin's halving event is coming up soon, and its mining difficulty is on an upward trend. Meanwhile, LTC's price is showing some gains, with uncertainty surrounding its future price reaction.
The crypto market has slowed down significantly over the past week and digital assets in the space are suffering as a result. However, while times like this can be disheartening for investors, they also present a unique opportunity to get into the market at low and favorable prices before the next leg-up.
Ask superstitious Bitcoin fans about halvings and they'll say they're outrageously bullish, historically marking the onset of monumental price rallies.
Litecoin rose marginally higher to start the week, despite cryptocurrency markets mostly trading lower on Monday. The global crypto market cap is down 0.15% at the time of writing, as volatility remains high. Chainlink also moved higher in today's session.
Litecoin (LTC) has once again decoupled from Bitcoin (BTC) and the general market in an attempt to sustain the uptrend it is currently charting. Amid the ongoing bearish turn in the market that has seen the combined market capitalization slump by 0.71%, Litecoin is up by 1.88% to $88.53 in the past 24 hours to pare off some of the losses it has accrued over the past week.
The third Litecoin halving event is close by; here are some important things you need to know.
Wu Blockchain reports the expected countdown for Bitcoin, Litecoin and DASH halving events, citing data from multi-crypto chain explorer OKLINK.
If history repeats itself, LTC price could begin to gain with Litecoin halving which is only about 100 days away.
Litecoin momentum and sentiment are starting to bubble up as the asset approaches its halving. Previous cycles have seen big LTC moves.
Litecoin (CRYPTO: LTC) is trading lower by 5.80% to $84.91 during Friday's session. The altcoin is trading lower in sympathy with the broader cryptocurrency sector following key U.S. economic data.
Bitcoin and select altcoins have fallen below their respective support levels, a worrying sign that the bulls could be losing their grip.
On-chain data reveals investors are queuing up LTC buy-orders across various exchanges. Will the bulls force Litecoin price above $110.
