Tag Archives: Litecoin

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The market structure of Litecoin was bullish. The reaction at $95 and the attempts to push above $100 meant bulls have the upper hand. Bitcoin [BTC] saw a small move upward from $22.8k toContinue reading “Examining Litecoin’s [LTC] chances of reaching $130 after bullish breakout”

Litecoin announced partnership with Mastercard to provide Litecoin Mastercard in the UK and Europe. Sharks have increased their holdings by over 4% as price rallies. Litecoin [LTC] and Mastercard have announced a partnership, which would introduce the Litecoin Mastercard in the UK and Europe. A post on 30 January, while making the announcement, demonstrated thatContinue reading “Litecoin: Mammoth partnership and shark accumulation sees LTC spike”

High hash rate and no network outages were indicative of a secured network. LTC dropped by 3.15% at press time, sparking fears of a strong pullback. Few other cryptocurrencies have performed as well as Litecoin [LTC] in 2022’s bear market. Since hitting the lows of June 2022, both the price and market cap have moreContinue reading “Litecoin [LTC] is ready to celebrate, but here’s why whales could spoil the party”

Litecoin hits transaction and hash rate milestones, but investors are still sitting on the sidelines. LTC was stuck in limbo as demand slowed down amid weak sell pressure. Litecoin [LTC] concluded an interesting week during which it managed two major milestones. On 27 January, the network announced that it had facilitated slightly over 142 millionContinue reading “Litecoin fails to overcome key resistance level despite hitting new milestones”

Litecoin’s $1 million transactions reached a January high. The LTC’s possible direction could be dependent on continual whale action. After hitting highs earlier in January, Litecoin [LTC] whales have stamped their authority in the market again as large transactions hit peak levels.  According to Santiment, whale transactions around the $1 million region hit 2023 highestContinue reading “Litecoin sharks may have the final say on LTC’s direction- Here’s why”

Litecoin’s bounce back is strongly supported by strong address growth. Whales offer support to LTC as sell pressure attempts to erase recent gains. Litecoin [LTC] was one of the top trending coins between 17 – 24 January, and for good reason. It has outperformed many top coins in the last few months, including Bitcoin [BTC]Continue reading “Exploring Litecoin’s [LTC] position as it looks to dominate the market in 2023”

LTC whales have started selling off their holdings. Open interest has been on a decline in the past two weeks. On 23 January, on-chain data provider Santiment warned investors that Litecoin’s [LTC] price may drop in the coming days due to an increase in selling activity among whales. According to the report, the coin distributionContinue reading “Litecoin whale activity indicates price reversal: Are your investments in jeopardy”

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The daily timeframe remained bullish, but a pullback could occur. On-chain metrics and a positive funding rate also highlighted bullish expectations. Litecoin retested the bullish order block at $81.6 and bounced to trade at $88.6Continue reading “Will Litecoin see a dip to $85 before its next push higher?”

Litecoin may be headed for a cliff as price to RSI divergence manifests. LTC metrics still highlight strong demand, but some whales are taking profits. Litecoin [LTC] was taking advantage of its press time bull run to build a favorable image. Some might say that it was trying to steal some of Bitcoin’s [BTC] shine.Continue reading “Litecoin attempts to steal Bitcoin’s thunder, but a pullback might be in the works”

LTC’s Open Interest fell by 9% in the last week. Regardless, investors remained bullish. Despite the rally in the count of Litecoin [LTC] transactions above $100,000 since the year began, the steady fall in the alt’s Open Interest in the last week indicated that bearish sentiment was returning to the market. Read Litecoin’s [LTC] PriceContinue reading “Litecoin [LTC]: A decline in Open Interest does not mean that buyers are done”

LTC registers promising gains as the date of halving approaches.  Market indicators revealed that the bulls were leading.  David Burkett, MWEB developer, posted new updates related to the Litecoin [LTC] network. Burkett mentioned that he continued working on PSBT, and quickly discovered some limitations in the initial design. He was able to add signing logicContinue reading “Litecoin: MWEB developer releases new updates and this is how LTC responded “

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Litecoin fills an inefficiency on the charts, and a pullback to an area of interest was expected The momentum continued to favor the bulls, and demand could fuel further price gains Litecoin [LTC] has performedContinue reading “LTC traders can watch out for these crucial levels to determine a move past $100”