Tag Archives: Litecoin

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.

The new addresses getting created on Litecoin surpassed new addresses on Bitcoin, boosting the overall network growth.

Considering how challenging it has been for miners to remain profitable, this turn of events could be the breath of fresh air desperately desired.

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 $7 billion transaction milestone in such a limited time indicated LTC’s growth as healthy. This was further reflected in the altcoin’s price action. For instance, LTC achieved a healthy bounce after the bearish pullback that it embarked on since the second half of February.

Litecoin has seen large volatility in 2023, but while many altcoins reversed their former downtrend, LTC remained stuck within a range. At the time of writing, it was trading just beneath the $100 zone of resistance. The $105 region highlighted a bearish order block on the daily timeframe formed in May 2022. At the time of writing, the indicators showed neutral momentum and some buying pressure in the past month, but was it enough to effect a breakout past $105?

Litecoin [LTC], a seasoned player in the crypto world, has gained a reputation as “digital silver” due to its early establishment and strong position in the industry. Nonetheless, its recent incorporation of MimbleWimble, a privacy-enhancing protocol (not to be mistaken for Harry Potter’s tongue-tying curse), has ignited controversy and divided opinions regarding privacy on itsContinue reading “Litecoin adopts MimbleWimble: Here’s ChatGPT’s privacy concerns and price predictions”

In at least two references made in the Binance lawsuit, CFTC recognized that LTC was a commodity The MVRV Ratio indicated that most LTC holders will realize profits on their sales One of the biggest beneficiaries of the bull cycle of 2023 has been Litecoin [LTC]. The coin of the proof-of-work (PoW) chain has loggedContinue reading “Litecoin [LTC] gets shot in the arm from regulators, braces for next move”

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Litecoin has trended upward since October 2022. Price action developments since mid-February showed bears had the upper hand. In late November of 2022, while the rest of the crypto market faced wave after waveContinue reading “Litecoin sellers hunt for selling opportunities after this bearish retest”

Litecoin bulls grow weaker as overall market sentiment indicates a slowdown after a recent upside. LTC sell pressure starts growing as key indicators confirm a bearish bias among investors. Litecoin [LTC] just concluded a bullish week during which its price action almost pushed to a new monthly high. However, LTC bulls are already running lowContinue reading “Is Litecoin due for a cooling off after the recent rally? Findings suggest…”

Litecoin outperformed Bitcoin and jumped to the top of social rankings. The rally may not last as LTC could be termed overvalued. Litecoin [LTC] separated itself from the broader market fall after the Fed decision ended in an interest rate increase. The decision may have negatively affected Bitcoin [BTC], and several others, but LTC wasContinue reading “Assessing Litecoin’s bounce, social supremacy, and everything in between”

A large percentage of blocks are ready for the Litecoin halving LTC declined following the broader market rise, but its value could increase in the long term According to the Litecoin [LTC] halving tracker, the event would be held on 2 August 2023. But with 133 days to go, only a few things might beContinue reading “Litecoin: On LTC’s underperformance, upcoming halving, and block readiness”