World Crypto Global Official Site | litecoin bullish

Author: Hououin Kyouma

Litecoin Whale Withdraws $32M In LTC From Binance, Good Sign For Rally?

Data shows a Litecoin whale has withdrawn $32 million in LTC from Binance, a sign that could be positive for the latest rally. Litecoin Whale Takes Out $32M In LTC From Binance As per data from the crypto transaction tracker service Whale Alert, a massive LTC transfer has taken place during the past day. In total, the transaction involved the movement of 425,660 LTC on the blockchain, worth around $32.1 million at the time of the transfer. Related Reading: Billion-Dollar Hedge Fund Is Betting Against Bitcoin And Grayscale, Not Just USDT Usually, such large transfers are a sign of activity from the whales, and due to the sheer scale of coins typically involved in them, the movements can sometimes have visible impacts on the price of Litecoin. However, which way the price will respond to a transfer depends on the intent behind it. Here are a few additional details regarding the latest whale transaction that may shed some light on its purpose: Looks like this massive transfer only took a negligible fee of 0.00000224 LTC to be possible | Source: Whale Alert As can be seen above, this Litecoin transaction was sent from a wallet attached to the crypto exchange Binance, and its destination was an unknown wallet. An unknown address is any address not affiliated with a known centralized platform and is thus likely to belong to a personal wallet. Related Reading: Bitcoin Taker Buy/Sell Ratio Can’t Give Any Clear Signals As Demand Remains Low Transfers of this nature, where coins move from exchanges to personal wallets, are called exchange outflows, and since holders usually withdraw from these platforms for accumulation purposes, outflows can have a bullish effect on the price. Here, the exchange outflow was done by a whale, so it may mean that this humongous investor is planning to hold onto their Litecoin for an extended period of time. In the few days since the new year has started, LTC has been rallying up with the coin already reclaiming $75, so the whale not selling here to take advantage of this profitable opportunity and instead opting to accumulate suggests conviction from the investor that there is more to come for LTC. There has also been another bullish signal for Litecoin recently, and it’s that the monthly LTC transactions on BitPay, the largest crypto payments processor, have gone up by 109% over the past year. This means that the network has observed some sharp growth in terms of adoption, a sign that should be constructive for the price in the long term. In just one year, monthly Litecoin use, with the worlds largest crypto processor, increased 109% ?? pic.twitter.com/DBXe6OTdib — Litecoin (@litecoin) January 2, 2023 LTC Price At the time of writing, Litecoin is trading around $75, up 8% in the last week. The value of the crypto seems to have sharply surged in the last few days | Source: LTCUSD on TradingView Featured image from Rémi Boudousquié on Unsplash.com, chart from TradingView.com

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Litecoin Surges 7% In Strong 2023 Start, Jumps To 12th On Market Cap List

Author: Hououin Kyouma

United Kingdom

Source: NewsBTC

Jan 02, 2023 04:45

Litecoin Surges 7% In Strong 2023 Start, Jumps To 12th On Market Cap List

Litecoin has kicked off 2023 to a bright start as the crypto has surged 7% in the last 24 hours and has climbed to 12th on the market cap list. Litecoin Starts 2023 On A Positive Note 2022 was a terrible year for the entire cryptocurrency sector as the long bear market resulted in losses of more than 50% for most of the coins. Litecoin was no exception; the asset ended the year with a drawdown of about 53%. This year, however, may very well turn out to be different for LTC as the coin seems to have observed a strong start so far. At the time of writing, Litecoin is trading around $75, up 7% in the last 24 hours. The below chart displays the recent trend in the crypto’s price. Looks like the value of the crypto has shot up during the past day | Source: LTCUSD on TradingView The reason why this year could be better for LTC investors is that the next halving is set to take place this year. A “halving” is a periodic event where the block rewards of miners are permanently cut in half, meaning that the supply production of the coin itself is halved. Related Reading: Most Public Crypto Firms Underperformed Bitcoin In 2022, Miners Hit Worst Since supply being constrained like this makes the asset scarcer, such an event can have a bullish effect on the price. Therefore, Litecoin holders have been hoping that a rally would build up soon, ahead of the halving scheduled for this August. As the graph shows, Litecoin has certainly already made a great start to the year, observing sharper upwards momentum than any other top coin. Though, currently, it’s unclear whether this would be the push that leads the coin to a proper halving rally, or if it’s another temporary rise before the real rally starts. Despite LTC’s poor performance during 2022, there were still some positive takeaways for the coin. For example, the network processed over 39 million transactions in the year, a new record. The Litecoin Network completed over 39 million transactions in 2022. A new record! ?$LTC? pic.twitter.com/DXbnuur2tI — Litecoin (@litecoin) December 31, 2022 Also, the chain added 52 million new addresses in 2022, the second highest out of all the cryptocurrencies. Litecoin added 52 million new addresses to the network in 2022. The second most of any crypto. #YearInReview pic.twitter.com/p5jAr9wZI0 — Litecoin (@litecoin) December 30, 2022 These achievements show that Litecoin is still very popular among users who want a reliable network for making cheap transactions, and continues to see more adoption. Related Reading: Ethereum Finishes 2022 With ATH Correlation To Bitcoin, Despite The Merge LTC Is Now The 12th Largest Crypto In The Sector The recent amazing growth in Litecoin has meant that its standing on the top crypto by market cap list has improved. Here is a table that shows where LTC ranks among its peers now: Shiba Inu (SHIB) seems to be 15th at the moment | Source: CoinMarketCap As shown above, Litecoin has now overtaken Polkadot (DOT) to become the 12th largest coin in the market. Also, LTC’s cap is currently quite close to Dai (DAI), which means that with some more growth, the crypto can easily take the 11th spot from the stablecoin as well. Featured image from Michael Förtsch on Unsplash.com, chart from TradingView.com

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End Of Litecoin Rally? LTC Plunges 7% In Last 24 Hours

Author: Hououin Kyouma

United Kingdom

Source: NewsBTC

Dec 16, 2022 04:45

End Of Litecoin Rally? LTC Plunges 7% In Last 24 Hours

Litecoin has observed a plunge of more than 7% in the last 24 hours, suggesting that the coin’s bullish momentum may have come to an end. Litecoin Drops Hard TodayS But Is Up 20% In The Last Month While the rest of the crypto market was struggling, LTC enjoyed some sharp bullish momentum in the third leg of November, leading some to believe the “pre-halving rally” had begun for the crypto. But the first half of December proved disappointing as the coin mostly consolidated, and now in the last two days, the trend seems to have completely reversed as Litecoin has been rapidly going down instead. At the time of writing, LTC is trading around $69, down 7% in the last 24 hours. The below chart shows how the asset’s price has changed in recent months. The rise in the coin's value during the last three months | Source: LTCUSD on TradingView As the graph displays, Litecoin was initially on the way up in early November and crossed $70. But then the FTX crash struck the market, and the coin’s price plummeted to a low of less than $50. However, unlike other big cryptocurrencies like Bitcoin and Ethereum, LTC quickly found its feet and started on a steady recovery. In the third part of November, the coin rapidly blew up and shattered the peak seen just before the FTX debacle, ending the month in double-digit gains while the rest of the sector was deep in the red. Related Reading: Why This Bitcoin Bearish Divergence Could Spell Doom For BTC Rally LTC was consolidating this month after setting a peak above $80, but holders were optimistic as the coin’s halving, an event where block production would be cut in half, is scheduled to take place next year. Historically, halvings have usually had a bullish effect on the prices of cryptocurrencies due to supply-demand dynamics, as supply production is reduced by 50% following them. Related Reading: Ethereum Active Addresses At Highest Since May 2021, Good News For ETH? In the last couple of days, LTC has sharply plunged instead and has retreated below the pre-FTX peak. This could mean that the coin may have lost its recent bullish steam and that this may not have been the halving buildup run that some thought it would be. Though, even after this decline, LTC investors are still 20% in profit over the last month. LTC Slips Further Down The Market Cap List During the recent consolidation, LTC lost its spot as the 12th largest crypto by market cap to Dai (DAI), and now with this latest drawdown, the coin has dropped even lower to 14th as Tron (TRX) takes over. LTC market cap continues to drop | Source: CoinMarketCap Still, when compared to October’s end when Litecoin was 20th on the list, the coin’s current position is a major improvement.

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Litecoin Holds Solid Structure Amid Market Breakdown Analyst Forecasts A Big Move

Author: Sebastian Villafuerte

United Kingdom

Source: NewsBTC

Feb 28, 2025 12:05

Litecoin Holds Solid Structure Amid Market Breakdown Analyst Forecasts A Big Move

Litecoin has been consolidating below the $140 level, showing resilience despite the broader market downturn. Even during this week’s market breakdown, which saw Litecoin drop by 18%, the price managed to reclaim key levels, signaling strength compared to other altcoins. While most cryptocurrencies struggled to recover from heavy losses, LTC has held firm, maintaining a solid market structure. Related Reading: Long-Term Dogecoin Holders Are In Denial On-Chain Metrics Expose Weakness Top analyst Daan shared insights on X, highlighting Litecoins relative strength in the past few weeks. He noted that $LTC has been one of the strongest coins recently, with its high timeframe chart still looking solid. According to Daan, if the market recovers, Litecoin could be poised for a big rally, outperforming weaker altcoins that have struggled to regain key levels. If buyers step in and reclaim the $140 mark, Litecoin could be positioned for a strong rally once market conditions improve. However, if selling pressure returns, the price may retest lower support levels before making its next major move. Investors remain cautiously optimistic about LTCs performance amid ongoing market volatility. Litecoin Consolidates Below Critical Supply Level Litecoin has been trading in a consolidation range below its multi-year highs, showing relative strength compared to the broader crypto market. While most altcoins have struggled to recover from recent losses, LTC has remained resilient, holding key levels despite heightened volatility. Speculation and market sentiment have been major drivers of price action, with Litecoin experiencing massive swings throughout the week. Daan’s insights note that LTC has been one of the strongest coins in the past couple of weeks. According to him, Litecoins high timeframe chart remains solid, signaling strong market structure even amid broader market weakness. However, the $140 level has proven to be a major resistance, preventing LTC from breaking out. Daan advises keeping an eye on this critical price level, as a breakout could trigger a significant upward move. This strength is primarily due to the growing Litecoin ETF narrative, which has fueled buying pressure, Daan adds. He acknowledges that while there may not be meaningful inflows once the ETF goes live, the speculation surrounding it has provided short-term bullish momentum. Related Reading: Solana Transfer Volume Crashes To $14.5M Whats Next for SOL? For now, Litecoins ability to hold above key levels suggests it could be positioned for a breakout once market sentiment improves. If bulls manage to reclaim $140, an aggressive rally could follow. LTC Price Is Flirting With A Breakout Litecoin is currently trading at $129 after breaking down to $106 during the recent market-wide sell-off. Despite the volatility, LTC has managed to regain momentum, bouncing back above key support levels. The next critical resistance level lies at $140, a price that has acted as a strong barrier since early December. Bulls must reclaim this level to confirm a breakout and push LTC into higher price ranges. If Litecoin holds above the $130 mark for the next few days, a breakout could follow, leading to an aggressive rally toward multi-year highs. However, the market remains in a consolidation phase after experiencing massive selling pressure, and further price compression could delay a breakout. Related Reading: XRP Breaks Down Below Key Demand Analyst Expects A Drop To $1.65 While Litecoin has been one of the strongest-performing altcoins in recent weeks, uncertainty in the broader crypto market continues to influence price action. Traders are closely watching LTCs ability to sustain support above $130, as failing to do so could result in a retest of lower demand levels. If LTC consolidates within the current range, a slow accumulation phase may be underway before the next major move. A decisive break above $140 would signal the start of a new bullish phase for LTC. Featured image from Dall-E, chart from TradingView

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Litecoin Approaches Daily Range Peak Can LTC Break Multi-Year Highs?

Author: Sebastian Villafuerte

United Kingdom

Source: NewsBTC

Feb 12, 2025 12:05

Litecoin Approaches Daily Range Peak Can LTC Break Multi-Year Highs?

Litecoin has experienced a strong bullish surge in recent days, climbing over 30% since last Friday. This impressive rally has positioned Litecoin as one of the top-performing altcoins during a period of market uncertainty. Analysts and investors are now speculating about the potential for a massive breakout in the coming weeks as Litecoin continues to show relative strength compared to other cryptocurrencies. Related Reading: Cardano Is Showing Signs Of A Potential Rebound As Key Indicator Flashes A Buy Signal Analyst Top analyst BigCheds shared a detailed technical analysis, revealing that Litecoin is approaching daily range peaks and gearing up to test multi-year highs around the $145 mark. This key resistance level has been a critical zone for Litecoin in previous cycles, and breaking above it could signal the start of a significant upward trend. Litecoin’s recent momentum has caught the attention of both retail and institutional investors, who are watching closely for signs of a confirmed breakout. With the broader market still consolidating, Litecoin’s ability to outperform could set the stage for a bullish continuation, potentially taking the price to new heights. As the crypto market braces for its next move, Litecoin’s price action remains a focal point for traders. Breaking past the $145 level would solidify its bullish narrative and pave the way for further gains. Litecoin Prepares For A Breakout Litecoin has shown impressive relative strength, surging over 30% in the past week, while the broader market continues to face indecision. This notable performance has captured the attention of analysts and investors, with some expecting Litecoin to lead a bullish rally that could break multi-year highs and push into higher supply levels. However, caution remains among market experts, as the current price action could result in a fake breakout. Top analyst BigCheds shared a technical analysis on X, revealing that Litecoin is approaching daily range peaks. According to him, the key level to watch is around $145, a critical resistance zone that has acted as a barrier in the past. BigCheds stated that while the price momentum is promising, he remains skeptical until Litecoin can decisively clear this level and hold it as support. The next few days will be crucial for Litecoin as altcoins across the market are finding support, and Bitcoin flirts with reclaiming the $100K mark. If Litecoin can sustain its momentum and break above the $145 level, it could solidify its position as one of the leading altcoins in the current market cycle. Conversely, failing to clear this key level could lead to a retracement, testing lower support zones. Related Reading: Ethereum Holds Multi-Year Bullish Pattern Expert Suggests The Next Move Will Be The Real Deal As the market watches closely, Litecoins ability to hold above recent gains and break past resistance will likely dictate its direction in the coming weeks. Whether this move is the start of a bullish rally or another fake-out remains to be seen, but its price action is undoubtedly setting the stage for significant market moves. LTC Testing Crucial Supply Levels Litecoin (LTC) is trading at $127 after experiencing a strong bullish surge, climbing over 23% in less than two days. The recent price action has been impressive, as LTC reclaimed range highs and successfully pushed above the critical $120 mark. This move has shifted market sentiment, placing significant pressure on bears as the price approaches the next key resistance zones at $140 and $145. The $140 and $145 levels represent crucial supply zones that have historically acted as barriers to further upward movement. A breakout above these levels would not only signal a continuation of the bullish trend but also set the stage for Litecoin to test its multi-year high at $147. Analysts believe that reclaiming and holding above this level would trigger a massive rally, potentially propelling LTC into uncharted territory. Related Reading: Solana Holds Support Above Key Indicator Expert Sees Push To ATH If Momentum Returns However, the coming days will be critical for Litecoins price trajectory. Bulls need to maintain momentum and defend current levels to sustain this upward move. If LTC successfully breaks above $147, it could attract more buyers, fueling further gains. Conversely, failing to clear these resistance levels could lead to consolidation or a minor retracement before another attempt at a breakout. All eyes are now on Litecoin as it approaches a decisive phase. Featured image from Dall-E, chart from TradingView

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Litecoin Not To Be Overlooked, Analytics Firm Says: Heres Why

Author: Keshav Verma

United Kingdom

Source: NewsBTC

Dec 11, 2024 12:05

Litecoin Not To Be Overlooked, Analytics Firm Says: Heres Why

The market intelligence platform IntoTheBlock has explained why Litecoin (LTC) isn’t an asset to be overlooked based on its on-chain metrics. Litecoin Has Continued To Witness Significant Activity Recently In a new post on X, IntoTheBlock has discussed what the various key on-chain indicators have been like for the Litecoin network recently. Below is the infographic shared by the analytics firm. According to the data, there are currently around 370,000 daily active addresses on the Litecoin blockchain. An address is said to be ‘active’ when it participates in some kind of transaction activity on the network, whether as a receiver or sender. Related Reading: Bitcoin HODLing Rewards: Long-Term Holders Selling At 326% Profit The metric’s value basically tells us about the amount of users that are using the cryptocurrency. Another indicator, the daily transactions, provides information about the exact measure of activity that these users are taking part in. At present, LTC users are making 200,000 transactions every day. IntoTheBlock has pointed out that this level of user activity is higher than on other networks like Dogecoin (DOGE) and Cardano (ADA). “Much of this activity stems from Litecoin being one of the few cryptocurrencies actively used for payments,” notes the analytics firm. LTC offers cheap and fast transactions, so it has always been a network preferred as a mode of payments. The activity-related metrics continuing to be high (in fact, further growing over the past month) implies this selling point of the chain is still attracting users. Another metric in the infographic that correlates to activity is transaction volume, which keeps track of the daily total amount of USD value that’s being transferred to the network. Impressively, this indicator currently stands at $10.27 billion, which is higher than the coin’s total market cap. While Litecoin is continuing to do well in terms of activity-related metrics, the cryptocurrency has remained stagnant in terms of price growth. A result of this is that just 72% of the addresses on the network are sitting in some unrealized gain. Of course, this still means the majority are above water, but other networks like Bitcoin (BTC) have it close to the 100% mark right now due to the bull run. That said, another way to look at this could perhaps be that Litecoin has more relative room to run, since the risk of a mass selloff goes up the more investors get into profits. Related Reading: Analyst Sets $4.40 XRP Target As 3rd-Straight Bull Pennant Forms It seems that a strong majority of the Litecoin userbase also thinks similarly, as 78% of the 7.94 million Litecoin holders have been HODLing since more than a year. “As one of the older Layer 1 networks still seeing significant usage, Litecoin shouldnt be overlooked,” says IntoTheBlock. It only remains to be seen, however, whether LTC can finally translate its positive on-chain metrics into price appreciation or not. LTC Price Litecoin has suffered a plunge of around 8% over the last 24 hours, which has taken its price to $113. Featured image from Dall-E, IntoTheBlock.com, chart from TradingView.com

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Source: NewsBTC

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Source: NewsBTC

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Source: NewsBTC

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