Tag Archives: LTC

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”

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 “

Litecoin’s hash rate made a significant contribution to investor confidence since September. LTC may experience some selling pressure now that it is overbought. There are heavy expectations regarding Litecoin [LTC] this year, especially with the upcoming 2023 halving. It appears that the market has already been preparing for a robust 2023, something which was evidentContinue reading “Litecoin is ready for strong adoption in 2023, thanks to these factors at play”

The Litecoin halving would happen later in the year, but there was no clear sign that there would be a repeat of previous cycles’ rally. Long-term LTC investors could be waiting for the event’s aftermath before selling for profit. After undergoing two halving events in 2015 and 2019, respectively, Litecoin [LTC] would go through itsContinue reading “Why Litecoin’s 2023 halving may not repeat its historical rally”

Litecoin’s hashrate reached a new all-time high. The network processed its 140 millionth transaction. Metrics strongly suggested a bullish advantage while the technical indicators were bearish. Litecoin [LTC] has been in the limelight for quite some time due to its increasing hashrate. Recently, a major update was revealed by the Litecoin Foundation after its hashrateContinue reading “Litecoin hashrate hits another ATH, but what about LTC’s price?”

Litecoin gained recognition in terms of transaction activity, which made it ideal for fast-paced trading. Assessing LTC’s potential for a good short trade as it swings within a 2-month range. Litecoin [LTC] turned out to be one of the best-performing cryptocurrencies in Q4 2022. The cryptocurrency will likely maintain this trend in Q1 2023 accordingContinue reading “Litecoin garners second spot in the list of most traded cryptocurrencies on BitPay”

Litecoin monthly use in a year increased by over 109%. LTC has been on an uptrend, with over a 6% increase in value in the past 48 hours. Litecoin [LTC] saw a remarkable price surge that began as 2023 concluded. In addition, Litecoin recently declared that its monthly use had climbed by over 100% inContinue reading “Litecoin surges in percentage of monthly users in a year: Can LTC rally? “

Litecoin processed 39 million transactions in 2022 It saw over 50 million unique wallet addresses, however at press time, LTC lost more than half of its value   Litecoin [LTC], the decentralized, open-source cryptocurrency network closed the 2022 trading year with over 39 million transactions completed on it. The Litecoin Network completed over 39 million transactionsContinue reading “Assessing why LTC whales stood on thin ice despite Litecoin’s 2022 performance”