Tag Archives: Litecoin

While the prospects of a move to $100 looked good, a Litecoin rally above the yearly highs was dubious.

LTC has been experiencing some attention in the market ever since transaction fees on the Bitcoin network spiked to reach significant highs.

Litecoin’s halving is set to happen in August. Will LTC’s price action follow in the footsteps of the trends we saw in 2019?

Litecoin Foundation revealed that the Litecoin network was processing nearly one million transactions every two days. Market indicators also remained bullish on LTC. 

Litecoin bulls were in the process of driving another rally from $76 to $100, and on-chain metrics suggested that this time could be different.

Based on BlockchainSanta’s analysis, Litecoin might be due for a potential 200% upside might in the days leading up to the halving. This expectation is based on LTC’s historic performance during previous halvings.

LTC has grown from strength to strength over the last week and was within touching distance of the psychologically significant $90 mark.

The trend of creating fungible token standards has continued with Dogecoin creating its own. The introduction has helped the meme keep Litecoin and Bitcoin pressured.

Although Litecoin’s current support seems to be holding up well, the halving is still more than two months away. This is enough time for the current momentum to run out of steam.

Buyers seek to use $80 psychological level to stem bearish slide and rally prices toward April highs.

Created a “lighter” Bitcoin, Litecoin has now followed in the BRC-20 step, developing its own LTC20. This has skyrocketed participation on the network.

LTC reached a significant milestone lately. However, the bulls seemed disinterested in hovering around LTC thanks to LTC’s disappointing performance on the price front.