{"id":272296,"date":"2022-11-22T04:00:26","date_gmt":"2022-11-21T22:30:26","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=272296"},"modified":"2022-11-21T16:17:29","modified_gmt":"2022-11-21T10:47:29","slug":"litecoin-ltc-achieves-a-new-milestone-did-sol-help-its-rally","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/litecoin-ltc-achieves-a-new-milestone-did-sol-help-its-rally\/","title":{"rendered":"Litecoin [LTC] achieves a new milestone: Did SOL help its rally?"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">Litecoin Network recently processed its 135,000,000th transaction<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">LTC&#8217;s market indicators favored a bullish stance for the alt\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Litecoin [LTC]<\/span><span style=\"font-weight: 400;\"> recently achieved a milestone by flipping Solana [SOL] to become the 15th largest cryptocurrency in terms of market capitalization. As per<\/span> <a href=\"https:\/\/coinmarketcap.com\/currencies\/litecoin\/\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">, at press time, LTC was trading at $60.71 with a market cap of more than $4.37 billion.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">LTC&#8217;s weekly performance also looked pretty promising, as its price increased over 8% in the last seven days. However, can this new achievement stand as a consequence of Solana&#8217;s downfall, or was something actually working in favor of Litecoin? A look at LTC&#8217;s on-chain metrics gave a clearer picture of the entire situation.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Read<\/span> <a href=\"http:\/\/ambcrypto.com\/predictions\/litecoin-price-prediction\"><span style=\"font-weight: 400;\">Litecoin\u2019s [LTC] Price Prediction<\/span><\/a><span style=\"font-weight: 400;\"> 2023-2024<\/span><\/p>\n<hr \/>\n<h3><strong>Good days to follow LTC?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">According to the Litecoin Foundation\u2019s latest tweet, the Litecoin Network just processed its 135,000,000th transaction. This, too, was a remarkable milestone, as it represented the reliability of the network, that had been live for over a decade now.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The Litecoin Network just processed its 135,000,000th transaction.  <\/p>\n<p>Over 11 years of continuous immutable, uncensorable, flawless uptime. <a href=\"https:\/\/t.co\/bMbcp7ecHg\">pic.twitter.com\/bMbcp7ecHg<\/a><\/p>\n<p>&mdash; Litecoin Foundation \u26a1\ufe0f (@LTCFoundation) <a href=\"https:\/\/twitter.com\/LTCFoundation\/status\/1594354002489094144?ref_src=twsrc%5Etfw\">November 20, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Since all these developments looked optimistic for<\/span> <a href=\"http:\/\/ambcrypto.com\/litecoins-latest-decline-could-have-everything-to-do-with-these-ltc-holders\/\"><span style=\"font-weight: 400;\">LTC<\/span><\/a><span style=\"font-weight: 400;\">, let&#8217;s dive into the altcoin\u2019s metrics to understand whether the recent price pump was sustainable.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> Litecoin\u2019s volume registered an uptick lately, which was good news for the network. Not only that, but LTC\u2019s Binance funding rate also went up, reflecting higher interest from the derivatives market.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<figure id=\"attachment_272299\" aria-describedby=\"caption-attachment-272299\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/Litecoin-LTC-13.15.53-21-Nov-2022.png\"><img decoding=\"async\" class=\"size-full wp-image-272299\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/Litecoin-LTC-13.15.53-21-Nov-2022.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/Litecoin-LTC-13.15.53-21-Nov-2022.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/Litecoin-LTC-13.15.53-21-Nov-2022-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/Litecoin-LTC-13.15.53-21-Nov-2022-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/Litecoin-LTC-13.15.53-21-Nov-2022-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/Litecoin-LTC-13.15.53-21-Nov-2022-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/Litecoin-LTC-13.15.53-21-Nov-2022-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-272299\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Nonetheless, not everything was working in LTC&#8217;s favor. This was because a few metrics revealed the possibility of a downtrend. At press time, LTC had already registered over 4% negative daily gains, further increasing the chances of a bearish takeover.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, LTC\u2019s Market Value to Realized Value (MVRV) Ratio also registered a slight downtick recently. This could be taken as a bearish signal. Moreover,<\/span> <a href=\"http:\/\/ambcrypto.com\/a-key-reason-why-litecoin-ltc-holders-should-be-wary-is\/\">the coin<\/a>&#8216;s<span style=\"font-weight: 400;\">\u00a0weighted sentiment also followed the same path and marked a decline, reflecting less popularity for the coin in the crypto community.\u00a0<\/span><\/p>\n<figure id=\"attachment_272301\" aria-describedby=\"caption-attachment-272301\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/Litecoin-LTC-13.23.38-21-Nov-2022.png\"><img decoding=\"async\" class=\"size-full wp-image-272301\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/Litecoin-LTC-13.23.38-21-Nov-2022.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/Litecoin-LTC-13.23.38-21-Nov-2022.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/Litecoin-LTC-13.23.38-21-Nov-2022-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/Litecoin-LTC-13.23.38-21-Nov-2022-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/Litecoin-LTC-13.23.38-21-Nov-2022-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/Litecoin-LTC-13.23.38-21-Nov-2022-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/Litecoin-LTC-13.23.38-21-Nov-2022-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-272301\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<h3><strong>Things could get interesting for LTC because&#8230;<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Interestingly, though a few of the metrics were unsupportive of<\/span> <a href=\"http:\/\/ambcrypto.com\/litecoin-ltc-buyers-can-deploy-this-plan-to-sail-through-the-current-rally\/\"><span style=\"font-weight: 400;\">LTC<\/span><\/a><span style=\"font-weight: 400;\">, market indicators provided much-needed relief. The Chaikin Money Flow (CMF) was resting just at the neutral mark, opening up the possibility of an uptrend. Moreover, the Exponential Moving Average (EMA) Ribbon revealed that the bulls were leading the market as the 20-day EMA was above the 55-day EMA.<\/span><\/p>\n<figure id=\"attachment_272303\" aria-describedby=\"caption-attachment-272303\" style=\"width: 1814px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/LTCUSDT_2022-11-21_13-43-00.png\"><img decoding=\"async\" class=\"size-full wp-image-272303\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/LTCUSDT_2022-11-21_13-43-00.png\" alt=\"\" width=\"1814\" height=\"778\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/LTCUSDT_2022-11-21_13-43-00.png 1814w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/LTCUSDT_2022-11-21_13-43-00-300x129.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/LTCUSDT_2022-11-21_13-43-00-1024x439.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/LTCUSDT_2022-11-21_13-43-00-768x329.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/LTCUSDT_2022-11-21_13-43-00-1536x659.png 1536w\" sizes=\"(max-width: 1814px) 100vw, 1814px\" \/><\/a><figcaption id=\"caption-attachment-272303\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Litecoin Network recently processed its 135,000,000th transaction LTC&#8217;s market indicators favored a bullish stance for the alt\u00a0 Litecoin [LTC] recently achieved a milestone by flipping Solana [SOL] to become the 15th largest cryptocurrency in terms of market capitalization. As per CoinMarketCap, at press time, LTC was trading at $60.71 with a market cap of more<a href=\"https:\/\/ambcrypto.com\/litecoin-ltc-achieves-a-new-milestone-did-sol-help-its-rally\/\">Continue reading <span class=\"sr-only\">&#8220;Litecoin [LTC] achieves a new milestone: Did SOL help its rally?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":70,"featured_media":272304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[70,185,62],"class_list":["post-272296","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view","tag-litecoin","tag-litecoin-foundation","tag-ltc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Litecoin [LTC] achieves a new milestone: Did SOL help its rally? 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