Litecoin Looks Poised To Explode As Grayscale Buys 10,000 LTC

Litecoin (LTC) is set to enjoy a significant price increase due to massive buying pressure from institutional investors like Grayscale. A recent analysis by crypto analyst 28 Crypto also showed that Litecoin is poised to enjoy significant price gains.  Grayscale Adds 10,000 LTC To Its Portfolio In an X (formerly Twitter) post, crypto commentator Bamboo shared data from the crypto data analysis platform Coinglass, showing that Grayscale had recently added 10,000 LTC to their portfolio. Further data from Coinglass showed that the asset manager now holds 1.86 million LTC ($122 million).  In line with this development, Bamboo urged the crypto community to start paying attention to Litecoin before max pain kicks in and [the] price shoots up and prices them all out. The crypto analyst added that Litecoin would likely usher in a rally for the crypto market as it has done in the past.   Related Reading: Bitcoin Short-Term Holder Behavior Reminiscent Of 2019 As BTC Remains Below $60,000 It is worth mentioning that Grayscales Litecoin holdings are the underlying assets for its Grayscale Litecoin Trust (LTCN), which offers institutional investors exposure to the crypto asset. As such, the increase in Grasycales Litecoin holdings indicates there is an increased demand for the crypto among institutional investors.  This is undoubtedly bullish for Litecoin, considering the impact the increased demand for the crypto among institutional investors can have on its price. Moreover, the existence of closed-end funds like LTCN, which offers institutional investors, could eventually pave the way for the launch of a Spot Litecoin ETF, ultimately causing more liquidity to flow into the Litecoin ecosystem.  Meanwhile, data from the market intelligence platform IntoTheBlock shows that other Litecoin whales besides Grayscale are accumulating the crypto. There has been a notable surge in the number of LTC coins held by these whales. Furthermore, investors who hold between 0.1% and 1% of Litecoins circulating supply have also increased their holdings in the last thirty days.  Litecoin Price Is Set To Witness A Breakout Crypto analyst, 28 Crypto, revealed in an X post that Litecoin is breaking out against Bitcoin on the daily time frame. The crypto analyst noted how bullish this is for Litecoin, considering that it has experienced a very long downtrend against Bitcoin.  In response to a follower, the crypto analyst also mentioned that a breakout on the weekly time frame is also coming and asserted that Litecoin will rise higher than they can imagine. Interestingly, 28 Crypto has earlier stated that Litecoin will outperform all major cap coins including Bitcoin and Ethereum.  Related Reading: Crypto Analyst Says The Bitcoin Summer Chop Is Nearing Its End, Heres Why Crypto analyst Joao Devesa provided insights into how high Litecoin will rise if it achieves a successful breakout, stating that it will rise to $100. The last time Litecoin reached that price level was in April earlier this year when it hit $103.  At the time of writing, Litecoin is trading at around $67, up over 1% in the last 24 hours, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com

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Litecoin Comeback: Bullish Reversal Sets The Stage For $76.85 Target

Litecoin (LTC) is making a strong comeback as a bullish reversal takes place, setting the stage for a potential move toward the $76.85 target. After bouncing off a critical support level, Litecoin has regained upward momentum, signaling renewed optimism among market traders. Key technical indicators now point to further gains, with $76.85 emerging as the next significant resistance level.  As the market responds to this bullish shift, this article will delve into Litecoin’s bullish reversal and assess the significance of the $76.85 target and its implications for future price action. Litecoin has increased by 2%, trading around $65.37 in the last 24 hours. Its market capitalization has exceeded $4.8 billion, with a trading volume surpassing $410 million at the time of writing. Litecoins market cap has grown by 2%, while its trading volume has surged 42.12%. Analyzing Litecoins Bullish Reversal To $76.85 Litecoins price on the 4-hour chart is bullish, having crossed above the 100-day Simple Moving Average (SMA) as it approaches the $76.85 level. The digital asset has experienced a significant price increase since rebounding from the $50 support level, signaling a strong rise in positive momentum that could drive further gains. Additionally, an analysis of the 4-hour Relative Strength Index (RSI) shows that the signal line of the indicator has successfully risen above 50% and is currently trending around 63%, suggesting that the bulls are still in control and could drive the price higher. On the 1-day chart, although Litecoin is still trading below the 100-day SMA, it demonstrates upbeat resilience, steadily advancing toward the 100-day SMA and the $76.85 level, with multiple bullish momentum candlesticks forming. This suggests active bullish momentum for the cryptocurrency. Finally, on the 1-day chart, the RSI indicator indicates a rising positive momentum for the cryptocurrency. The RSI signal line has moved out of the overbought zone and is currently attempting a move above 50%. Conclusion: Is Litecoin Poised For A Breakout Beyond $76.85? Recent trading indicates that Litecoin, with its strong bullish momentum, could reach the $76.85 level. If the cryptocurrency reaches and surpasses this resistance, it may trigger further positive moves toward the next resistance at $89.74. If this level is breached, it may lead to further price gain toward the $105.9 resistance level and beyond. Conversely, if bearish pressure prevails and Litecoin fails to break through the $76.85 resistance, the price could decline toward the $57.41 support. A drop below this level may lead to a further decline to test the $50 support, with additional downward movement possible if this range is breached. Featured image from iStock, chart from Tradingview.com

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Litecoin Inches Toward Bollinger Band Buy Signal After 6% Surge

Litecoin is among the crypto market leaders today, surging 6% intraday while Bitcoin remains flat. The single-day rally in LTCUSD might be enough, however, to generate a near-term buy signal using the Bollinger Bands. What might this mean for the altcoin, and could this be a sign that a more positive trend is beginning? Possible Buy Signal Setup Lights Up In Litecoin Litecoin has been among the most painful coins to hold over the last several years. In 2017, the silver to Bitcoin as digital gold went on a monumental, nine-month rally. During that nine-month stretch, Litecoin gained over 10,000% and put the coin in the top ten cryptocurrencies by market cap. Related Reading: Litecoin Is A Hub Of Whales: Over $2.85 Billion Of $100,000 Transactions Processed A lot has changed since then, with Litecoin now ranked number 18 by market cap, barely holding onto top 20 status. The altcoin has mostly trended sideways for the past seven years since the 2017 bull run, much to the disappointment of investors. Brighter days might be ahead, at least in the near-term, as LTCUSD is working on a buy signal according to the Bollinger Bands.   All About The Bollinger Bands And How To Use Them The Bollinger Bands aren’t just a technical indicator, but act as a complete trading system. The tool is primarily used to gauge volatility, as the bands tighten and narrow when volatility is low. When the bands begin to expand, it is a sign that volatility is returning. Beyond that, however, the Bollinger Bands can also generate a buy and sell signal depending on where price is relative to the upper and lower bands. Each band is set at a +2 standard deviation from the middle-line, which is a 20-period simple moving average. Related Reading: Litecoin (LTC) Set To Wake Up, According To Legendary Traders Forecast The idea is that only the strongest and most likely to be sustainable moves make it outside the upper or lower band. A 6% surge today in LTCUSD was enough to make it above the upper Bollinger Band. A close above the upper band is necessary to confirm the buy signal, especially when supported by higher than normal volume. A volume downtrend has been broken, checking this additional box in setting up the coin for a buy signal. Tony Severino, CMT is the author of the CoinChartist (VIP) newsletter. Sign up for free. Follow @TonyTheBullBTC & @coinchartist_io on Twitter. Or join the TonyTradesBTC Telegram for daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from ChatGPT, Charts from TradingView.com

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Litecoin Is A Hub Of Whales: Over $2.85 Billion Of $100,000 Transactions Processed

Litecoin has been under intense selling pressure in the past few months. After peaking in April, the coin has been trending lower, looking at the arrangement in the daily chart. There is strength at spot rates. So far, LTC is up 20% from July lows and continues to peel back losses. The expansion in price also comes amid other positive developments, at least from on-chain developments. Is Litecoin A Whale Haven? According to IntoTheBlock, there has been a significant uptick in on-chain transfers on the proof-of-work network. As of July 12, the network has processed $2.85 billion worth of transactions, each averaging at least $100,000. Related Reading: Spot Ethereum ETFs FOMO: Tron Founder Justin Sun Drops $5 Million On ETH This level translates to over half of the network’s market cap. Most importantly, Litecoin is doing far better than top altcoins. IntoTheBlock data shows that though Dogecoin has roughly 3X the market cap of Litecoin, it only sees $590 million in large transfers daily. The huge difference means Litecoin attracts more whales, most likely drawn to the network’s security and low fees. Litecoin has not changed, and its original mandate of complementing Bitcoin remains. It operates as a proof-of-work network powered by miners who must commit to buying new gear and updating it regularly to be competitive. As of July 13, Litecoin had a hash rate of 1.01 PH/s, according to Coinwarz. Despite Litecoin’s Halving in 2023, more miners are unfazed by falling rewards and continue to secure the network. MWEB Private Transactions Rising, LTC Unfazed By Short-Term Price Fluctuations   The spike in Litecoin transactions also comes amid the increasing adoption of Mimble Wimble (MWEB). According to MWEBexplorer data, MWEB transactions have doubled in the past few days. This surge points to a rising preference for private transactions among Litecoin users. Through MWEB, users can send private transactions. Though MWEB transactions are more expensive, coming in at $0.00267 versus $0.0008 for ordinary transactions, it is relatively cheaper than transacting on Bitcoin. According to YCharts, the average Bitcoin transaction fee now stands at $1.487, up from 1.163 recorded yesterday. Related Reading: Analyst Upbeat On USTC, Sees Price Soaring Over 300% With more transactions posted on Litecoin, LTC holders are equally unfazed by dropping prices; a whopping 71% are in the red. As of July 12, IntoTheBlock data reveals that 77% of LTC holders have held their coins for over a year. Only 6% bought LTC within the last month. Feature image from DALLE, chart from TradingView

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Litecoin Eyes $117.50 As Price Rebounds From Key Support Analyst

Litecoin is holding steady at a critical level after a strong 69% surge in the past month, riding the wave of broader market momentum. As Bitcoin flirts with its all-time high, analysts are closely watching LTC for signs of a potential breakout or breakdown. The current price action shows consolidation near a crucial demand zone, which has historically served as a pivot for Litecoins major moves. Related Reading: Range-Bound Ethereum Sees Volatility High Timeframe Levels Hold The Key While bullish sentiment is building across the crypto market, not all analysts are convinced. Some warn that if Bitcoin fails to break into price discovery and the broader market stalls, Litecoin could face renewed selling pressure. However, top analyst Carl Runefelt remains optimistic, sharing a technical view that suggests Litecoin is forming a bullish flag pattern on the charta structure that often precedes strong upward continuation. Runefelts target points to a breakout above the current range, supported by healthy market structure and recent gains. Still, the coming days will determine whether LTC follows through with a rally or pulls back. For now, Litecoin stands at a technical crossroads, with both opportunity and risk on the table. Litecoin Eyes Breakout As Market Awaits BTC Confirmation Litecoin is currently trading at a pivotal level, caught in the middle of growing speculation about the markets next major move. After a powerful 69% rally over the past month, LTC has entered a phase of consolidation, holding just above a crucial support level. The broader crypto market is in a similar position, with investors watching closely for a potential breakout in Bitcoin that could pull the rest of the market higher. As Bitcoin hovers just below its all-time high, Litecoin traders are holding their breath. Many believe that a breakout above the $109K mark for BTC could serve as a catalyst for altcoins, especially LTC. But not everyone agreessome analysts expect the market to cool down first, leading to a deeper correction before any renewed upside. Runefelt is firmly in the bullish camp. He recently shared a technical analysis highlighting a bullish flag pattern forming on Litecoins chart. According to Runefelt, Litecoin has already bounced from support, and this setup presents a high-probability breakout scenario. His price target for the move is $117.5, which would mark a significant push higher from current levels. Runefelt’s view aligns with the broader bullish sentiment thats slowly rebuilding across the market. However, the confirmation remains dependent on both Litecoins ability to break above short-term resistance and Bitcoins performance near its all-time high. For now, LTC investors remain cautiously optimistic, aware that momentum could shift quickly depending on macro market developments. Related Reading: Dogecoin Momentum Fades Analyst Expects $0.213 Retest Technical Details: Key Levels To Watch Litecoin (LTC) is currently trading at $95.35, showing resilience after a brief pullback from its recent local high near $106. The chart highlights a period of consolidation, with LTC finding support just above its 200-day exponential moving average (EMA) at $93.82 and slightly below the 200-day simple moving average (SMA) at $100.76. These two moving averages are now acting as a technical pivot zone, creating both resistance and support that could define LTC’s next move. After a strong rally from April lows around $66, Litecoin surged over 69% before facing resistance at the psychological $100 level. The price is now hovering in a tightening range, which could develop into a bullish continuation patternespecially if broader market sentiment remains positive and Bitcoin pushes above its all-time high. Related Reading: Ethereum Flashes Golden Cross Signal Can Bulls Push ETH To $3,000? Volume has slightly decreased during the recent pullback, indicating a lack of strong selling pressure. This supports the bullish thesis that the current move is a healthy consolidation rather than the start of a reversal. A breakout above the $100.76 resistance would open the door toward the $117.50 target, as mentioned by analysts like Carl Runefelt. Featured image from Dall-E, chart from TradingView

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Litecoin Heading For Higher Levels As LTC/BTC Setup Signals Fresh Surge

According to CRYPTOWZRD on his recent post on X, Litecoin (LTC) ended the week with a bearish close, a move that’s being interpreted as part of a normal market cycle rather than a sign of weakness. Despite the pullback, the LTCBTC pair is showing promising signs of strength and is expected to rally in the coming week.  CRYPTOWZRD notes that the intraday chart development will be key in identifying the next viable scalp opportunity. As long as LTC continues to hold above the critical $100 level, the conditions remain favorable for a bullish breakout, potentially triggering the next leg up in the LTCBTC trading pair. The Bullish Catalyst That Could Propel Litecoin Higher Providing further insight, CRYPTOWZRD explained that the daily candles for Litecoin and the LTCBTC pair closed lower today. He reassured that this short-term decline is not a cause for concern, especially since the broader picture remains bullish. Related Reading: Litecoin Conviction Remains Strong: More Than 20% Of Supply Frozen Since 5+ Years According to the analyst, Litecoins weekly candle closed with notable strength, hinting at sustained upward pressure in the days ahead. The LTCBTC pair also ended the week on a positive note, which could be an early sign of renewed bullish momentum. However, CRYPTOWZRD emphasized the importance of a more impulsive push from LTCBTC in the upcoming week to ignite Litecoin’s upswing. He also noted that Litecoin and LTCBTC are currently trading in extremely oversold conditions, a factor that typically precedes strong rebounds. With that in mind, CRYPTOWZRD plans to closely monitor intraday developments on the lower time frames tomorrow, looking to capitalize on any quick trading opportunities as the setup evolves. LTC/BTC Breakout Confirmed – Key Levels To Watch Concluding his analysis, CRYPTOWZRD highlighted that Litecoins intraday chart remained highly volatile throughout the day, with the price now consolidating around the crucial $100 support zone. If buyers step in and drive a strong bullish move from here, it could open the door for a rally toward the $109 target or possibly even higher. Related Reading: Litecoin Breaks Under Parallel Channel: Analyst Predicts This Target On the other hand, a failure to hold this support could lead to extended sideways movement, especially if Bitcoin remains uncertain or lacks directional momentum in the coming sessions. The broader markets response, particularly from BTC, will likely influence Litecoins next move. For now, CRYPTOWZRD advises waiting patiently for a clean and reliable setup to emerge before taking action. He emphasized that discipline is crucial in choppy conditions like these, and his focus will remain on tracking price development on lower time frames to spot the next favorable entry point. Featured image from Getty Images, chart from Tradingview.com

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Litecoin Sharks Buy More Than 200,000 LTC Ahead Of Wednesday’s Halving

Over the last few months, Litecoin has emerged as one of the top trending cryptocurrencies due to its halving event happening in August. As this event drew closer, crypto investors began filling up their LTC bags in preparation for what is expected to be a very bullish event. And now, with less than two days [...]

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Litecoin (LTC) Remains Red Despite Surge In Network Ahead Of Halving

As the countdown to Litecoin’s highly anticipated third mining reward halving begins, the cryptocurrency has witnessed a surge in network activity, indicating growing investor interest. However, despite this update, Litecoin hasn’t seen any significant movement in the past 24 hours but instead has remained in the red. Litecoin’s upcoming halving, scheduled for early August, will see the block reward slashed by 50% to 6.25 LTC, setting the stage for potential price impacts and market shifts. Following its latest decline, various on-chain metrics and indicators have painted a positive picture for Litecoin’s network, suggesting a promising future for the popular altcoin. Onchain Activity Sees Surge According to recent data from IntoTheBlock, Litecoin has recorded an uptick in on-chain activity. Since the end of April, the total count of addresses holding a balance has experienced a surge, reaching a significant milestone of 8.5 million LTC addresses last week. Related Reading: Why Litecoin Is The Most Undervalued Asset in Crypto This surge in active addresses not only demonstrates the growing popularity of Litecoin but also highlights the expanding user base and interest in cryptocurrency.  Moreover, Litecoin number of new addresses being created and the count of active addresses have approached close to all-time highs, slightly surpassing the creation of new Bitcoin addresses. This achievement underlines Litecoin’s robust network growth and the increasing adoption of the altcoin within the crypto community. The heightened on-chain volume has caught the attention of the crypto analytics platform Santiment, indicating that prominent market participants may be strategically positioning themselves in LTC investments ahead of the halving event. Santiment noted: If this trend of increased on-chain volume continues, it will absolutely be a strong sign that some big players are beginning to jump in on their LTC investments in anticipation of the halving. Litecoin Remains In The Red Despite the surge in network activity, Litecoin (LTC) price has not seen any notable movement in the market in the past 24 hours but instead a continuous downtrend. Over the past 24 hours, Litecoin has seen a 2.2% loss from its value. At the time of writing, Litecoin currently trades at $89.38 after trading slightly above $90 on Tuesday. LTC’s trading volume has plunged a bit from $700 million last Thursday to $578 million in the past 24 hours indicating less trading activity. Related Reading: Litecoin Surpasses $90, But This Level Remains Crucial For The Altcoin It is worth noting, however, that LTC is up 3.4% in the past week with a market cap up by more than $200 million in the same period. Meanwhile, Litecoin’s hash rate, a measure of the computational power dedicated to the network’s mining operations, has demonstrated consistency. Despite minor fluctuations, the processing power devoted to Litecoin’s blockchain has witnessed a surge of over 24% since the beginning of the year, currently standing at 714 TH/s. This upward trend not only enhances network security but also signifies the confidence and commitment of miners in supporting Litecoin’s ecosystem. Featured image from Shutterstock, Chart from TradingView

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Litecoin Breaks Psychological Barrier But Remains in Bearish Territory: What Lies Ahead?

The recent surge in Litecoin (LTC) price propelled it to reach a significant psychological level of $100. This upward movement has provided a bullish boost and allowed the altcoin to register gains in recent trading sessions. However, despite this bullishness, the price of LTC remains within bearish territory, indicating ongoing downward pressure. Reclaiming the $100 price mark is crucial for sustaining a bullish trend. Related Reading: XRP Dips After SEC’s ETF Blow But A Rebound Looks Likely In the past 24 hours, LTC has experienced a rally of nearly 17%. On the weekly chart, the altcoin has maintained double-digit gains, reflecting its positive performance over a longer period. It’s worth noting that Litecoin’s halving event is just a little over a month away. Historically, the price of the asset tends to increase before this event. However, due to the fluctuating nature of Bitcoin, which often influences major altcoins, LTC might experience slight depreciation. Significant depreciation is less likely as long as LTC maintains its price above the local support level. A sustained increase in demand for the altcoin is necessary to ensure continued gains on the daily chart. The market capitalization of LTC has also increased, indicating bullish momentum in the market. Litecoin Price Analysis: One-Day Chart When writing, Litecoin (LTC) was trading at $97.81. After reaching the $100 mark, LTC has been steadily gaining in price. However, despite the bullish momentum, Litecoin remains within a crucial zone that is bearish and could potentially reverse the gains. This bearish zone, indicated in red, extends from $94 to $103. In previous trading sessions, LTC has retraced when attempting to revisit the $103 level. The $94 mark has also been a reversal point over the past few months. Moreover, Litecoin entered the excess selling zone the maximum number of times, where the price fluctuated between the two (upper and lower) bands of the bearish region. The overhead resistance levels are $100 and $103. In case of a decline from these levels, the price could drop to $94 initially, followed by a potential further decline to $90. Technical Analysis Regarding demand, Litecoin (LTC) was approaching overbought conditions. The Relative Strength Index (RSI) was above the 60 mark, indicating buyers had gained market control. This suggests a higher demand for LTC compared to selling pressure. The increased demand was also reflected in the price, as it climbed above the 20-Simple Moving Average (SMA) line. This signifies that buyers were driving the price momentum in the market, pushing it higher. As long as Litecoin (LTC) maintains its price above the 20-Simple Moving Average (SMA), indicated by the red line on the chart, specifically around the $87 level, the bullish sentiment is expected to persist. Litecoin (LTC) formed a strong buy signal in line with increased demand. The Moving Average Convergence Divergence (MACD) indicator showed a green histogram, indicating a fresh buy signal. This suggests a strong bullish momentum and strength in the LTC market. Related Reading: Litecoin Up 18% In Past 24 Hours, Is Halving Rally Here? Furthermore, the Chaikin Money Flow (CMF) indicator displayed capital inflows outweighing outflows. The indicator was above the half-line, indicating more capital inflows than outflows at the given time. Featured image from UnSplash, chart from TradingView.com

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Litecoin Price Prediction: LTC Rallies 10% as The Bulls Aim $110

Litecoin price is gaining pace above $90 against the US Dollar. LTC could rally further above $100 and rise toward the $110 resistance. Litecoin is steadily moving higher toward $100 against the US Dollar. The price is now trading above $90 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $86.20 on the 4-hour chart of the LTC/USD pair (data feed from Kraken). The price could rally further toward the $100 and $110 levels. Litecoin Price Regains Strength After forming a base above the $80 level, Litecoin’s price started a fresh increase against the US Dollar. LTC price broke the $85 resistance to start the current rally. There was a break above a key bearish trend line with resistance near $86.20 on the 4-hour chart of the LTC/USD pair. The pair rallied over 10% and outperformed both Bitcoin and Ethereum. It even climbed above the $92 level. A high is formed near $95.85 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $81.70 swing low to the $95.85 high. Litecoin is now trading above $90 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $96 zone. The next major resistance is near the $100 level. If there is a clear break above the $100 resistance, the price could start another strong increase. Source: LTCUSD on TradingView.com In the stated case, the price is likely to continue higher toward the $108 and $110 levels. Any more gains might send LTC’s price toward the $120 resistance zone. Are Dips Limited in LTC? If Litecoin price fails to clear the $100 resistance level, there could be a downside correction. Initial support on the downside is near the $92 level. The next major support is forming near the $88.50 level or the 50% Fib retracement level of the upward move from the $81.70 swing low to the $95.85 high, below which there is a risk of a move toward the $85.00 support. Any further losses may perhaps send the price toward the $82 support. Technical indicators: 4-hour MACD – The MACD is now gaining pace in the bullish zone. 4-hour RSI (Relative Strength Index) – The RSI for LTC/USD is above the 50 level. Major Support Levels – $92.50 followed by $88.50. Major Resistance Levels – $96.00 and $100.00.

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Litecoin Bull Case Grows Stronger As Hashrate Touches New All Time-High

Litecoin (LTC) has been one of the most bullish coins for the year 2023 with anticipation around its forthcoming halving event. This has propelled the digital asset toward price increases higher than the market average. And now, once again, the bull case for the digital asset is even stronger as its hashrate has risen rapidly [...]

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Litecoin Holds Bullish Outlook As the MVRV Ratio Signals Strength Analyst

Litecoin (LTC) has shown resilience amid market uncertainty and selling pressure, holding its ground despite the broader downtrend in cryptocurrencies. After retracing from $130 to the $100 mark, LTC has successfully held this crucial support, signaling that bulls are still active in defending key levels. Related Reading: BTC Could Gain Momentum For A Move To $150,000 If Bulls Reclaim This Level Details While most altcoins have struggled, Litecoin appears to maintain a slight bullish edge. According to Santiment data, LTC continues to show strength in its on-chain metrics, with the Market Value to Realized Value (MVRV) Ratio signaling a bullish outlook. This suggests that investors are still holding onto their LTC, with less incentive to sell at current levels, potentially paving the way for a recovery in the near future. However, the coming days will be critical for Litecoin, as Bitcoin remains under pressure, struggling below key levels. Market uncertainty continues to drive volatility, and if BTC experiences further downside, LTC could face increased selling pressure. On the other hand, if Bitcoin stabilizes or pushes higher, Litecoin could quickly capitalize on its strong fundamentals and begin a renewed upward trend. Litecoin Bulls Defend Crucial Demand Litecoin is currently trading between key liquidity levels, navigating months of volatility and uncertainty in the broader market. Despite the recent market downturn, LTC has shown relative strength over the past few weeks, managing to hold crucial support levels while other altcoins continue to struggle. Related Reading: Dogecoin Indicator Flashes A Buy Signal On The 4-Day Chart Is DOGE Gearing Up For A Rebound? However, price action remains uncertain, as Litecoin has been unable to break above key supply zones. Bulls have attempted to push the price higher, but selling pressure at resistance levels has kept LTC within a tight trading range. Until a clear breakout occurs, traders remain cautious about the next major move. Top analyst Ali Martinez shared insights on X, highlighting that Litecoin maintains a bullish outlook based on on-chain data. According to Santiments MVRV Ratio, LTC is showing strength, suggesting that investors are holding onto their positions despite the markets recent volatility. This metric often indicates whether an asset is undervalued or overvalued, and in Litecoins case, it signals that the coin still has strong upside potential. If the broader crypto market starts to recover, Litecoin could emerge as one of the strongest assets, given its relative stability and bullish on-chain signals. For now, all eyes remain on LTCs ability to hold key support levels and whether bulls can break past resistance to confirm a new uptrend. LTC Price Action: Technical Levels To Watch Litecoin is currently trading at $104 after facing days of selling pressure. However, despite the bearish sentiment, sellers have struggled to push LTC below the crucial $100 demand zone. This level has acted as strong support, preventing further downside, and every day that LTC holds above this mark increases the probability of a recovery move. For bulls to regain control, Litecoin needs to reclaim the $115 level soon. A decisive break above this resistance could trigger renewed buying momentum, paving the way for a push into higher price levels around $130-$145. These areas represent the next major liquidity zones, where LTC could face strong resistance but also attract significant bullish interest. Related Reading: 2.23 Million Chainlink Moved To Exchanges In Two Weeks Selling Pressure Incoming? If Litecoin continues to hold above $100, it would indicate buying confidence at lower levels, setting the stage for a potential breakout. However, failure to reclaim $115 in the short term could keep LTC in a prolonged consolidation phase, leaving its next major move uncertain. Featured image from Dall-E, chart from TradingView

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Litecoin Price Upsurge Cools Off Whats Next After The $97.8 Drop?

Litecoins bullish momentum has cooled off, with the price sliding back to $97.8 after struggling to sustain its recent uptrend. The pullback comes amid increasing selling pressure, raising concerns about whether this is a temporary correction or the start of a deeper decline. While LTC previously showed strength, the inability to maintain higher levels suggests that market sentiment is shifting, leaving traders questioning the coins next move. As the price approaches key support levels, traders are closely monitoring market signals to determine the next move. Will buyers step in to defend LTC and spark a rebound, or will bearish pressure push the price even lower? Litecoin Drop To $97.8: What Triggered The Pullback? Litecoins retreat to $97.8 comes after failing to sustain its recent uptrend, as increasing selling pressure drove the price lower. After an initial push higher, LTC encountered strong resistance at the $113 key level, preventing further gains and triggering a pullback. This resistance rejection prompted profit-taking among traders, as many opted to secure gains rather than hold through potential volatility. Related Reading: Litecoin Fails To Break Key Resistance Level Again Can Bulls Hold Range Lows? Moreover, the decline in buying momentum played a crucial role in the price drop. As bullish enthusiasm faded, buyers struggled to maintain control, allowing sellers to take over. The weakening demand led to increased downward pressure, accelerating Litecoins descent toward the $97.8 support level. Broader market uncertainty also contributed to the downturn. A combination of external factors, including macroeconomic conditions and Bitcoins price action, likely influenced traders’ risk appetite, leading to a cautious approach toward altcoins like LTC. Technical indicators also experienced a drop below average, prompting a correction as traders reassessed their positions. If Litecoin fails to hold above $97.8, further downside could be expected. However, a possible recovery may be on the horizon if buyers step in at this level. Potential Scenarios: Rebound Or Further Decline? The Litecoin price movement around the $97.8 level will be crucial in determining its next direction. Two possible scenarios could unfolda strong rebound if buyers regain control or a deeper decline if selling pressure persists. Related Reading: Litecoin Price Shows Resilience In Uncertain Market Conditions Whats Next For LTC? In a bullish scenario where LTC manages to hold above $97.8, buyers could step in, driving the price toward immediate resistance levels. A successful rebound might push Litecoin back above $113, with the next target being $131.6. After this, bullish momentum may grow, paving the way for a rally to $146. However, in a bearish scenario where Litecoin fails to hold above $97.8, the price could face additional downside pressure. Breaking below this key support hints at a decline toward $89.7 and $76.8, and even lower support zones, making it critical for bulls to defend key levels. Featured image from Pexels, chart from Tradingview.com

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Litecoin Whale Deposits 500,000 LTC To Binance: Price Decline To Extend?

On-chain data shows a Litecoin whale has made a huge deposit to the cryptocurrency exchange Binance in the past day, a sign that could be bearish for LTC’s price. Binance Has Just Received A Massive Litecoin Inflow According to data from the cryptocurrency transaction tracker service Whale Alert, a large move has been spotted on the Litecoin network during the last 24 hours. The transfer in question involved the shifting of 500,000 LTC across the network. At the time that the chain executed the transaction, this stack was worth around $51.3 million. Given the large scale associated with the move, it’s likely that a whale entity was responsible for it. Related Reading: Bitcoins Next Stop: $75,500? Analyst Reveals Historical Magnet Level Whales are the largest of investors on the network, who can carry some degree of influence in the market due to their ability to make large transactions like this latest one. As such, the behavior of these humongous holders can often be worth keeping an eye on, as even if it may not always end up impacting the LTC price, it can still tell us about what the sentiment is like among this important cohort. Generally, though, it can be hard to say for certain what the whales are doing from their transaction activity alone, considering the anonymous nature of the blockchain. Nonetheless, sometimes, one of the wallets involved in the transaction can be connected to a central entity, which can provide room for speculation. The latest Litecoin move is fortunately of this type. Here are the details of the addresses involved in the transfer: As is visible above, the whale made the Litecoin transaction from a few unknown wallets. Such addresses are those that aren’t known to be affiliated with any centralized platform, so they can be assumed to be personal, self-custodial wallets of the investor. The destination of the transaction was a wallet attached to Binance, an exchange. Moves of this type, where coins go from personal addresses to the custody of an exchange, are known as exchange inflows. Related Reading: Solana (SOL) Crashes 15% After Massive Profit-Taking Spike Usually, investors deposit their tokens to these platforms when they want to use one of the services that they require, which can include selling. As such, exchange inflows can sometimes have a bearish impact on the asset’s price. It’s unknown, though, whether the whale truly intended to sell with the latest exchange inflow or not. In the scenario that the investor did plan for it, then it could spell trouble for Litecoin, considering the scale of the move and the fact that its price has already registered a considerable drawdown during the past week. LTC Price Litecoin has recently plummeted alongside the rest of the cryptocurrency sector, which has brought its price down to $104. Featured image from Dall-E, whale-alert.io, chart from TradingView.com

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Litecoin Fails To Break Key Resistance Level Again Can Bulls Hold Range Lows?

Litecoin has faced a massive drop as the entire crypto market experiences intense selling pressure. Increased volatility has driven sharp price swings, with LTC plunging from $130 to $100 in a matter of hours. This steep decline has raised concerns among investors as Litecoin struggles to maintain key support levels. Related Reading: Dogecoin Breaks Above Falling Wedge Pattern Analyst Sets $0.43 Target Market uncertainty has left Litecoin trading at a crucial level, with bulls trying to defend $100 amid persistent selling pressure. The failure to hold above higher price ranges suggests a weakened bullish structure, increasing the risk of further declines. Top analyst BigCheds shared a technical analysis highlighting that this is the third time Litecoin has thrown back to the $100 level. Historically, repeated retests of key support zones increase the likelihood of a breakdown, adding to the bearish sentiment surrounding LTC. If the $100 level fails to hold, Litecoin could face a deeper correction, aligning with the broader market downturn. Traders are now closely watching Litecoins next move to determine whether it can stabilize or if another wave of selling will push it lower. With volatility dominating the market, LTC remains at a pivotal moment that could dictate its price action in the coming weeks. Litecoin Keeps Holding The Range Litecoin is currently trading between key liquidity levels after months of volatility and uncertainty in the market. Despite its turbulent price action, LTC has shown relative strength in recent weeks, managing to hold key support levels. However, it continues to struggle against significant resistance, preventing a clear trend from forming. The main issue facing Litecoin is its inability to break above supply levels, keeping price action in a tight range. While bulls have attempted to push LTC higher, sellers at major resistance levels have repeatedly stalled momentum. Without a decisive breakout, Litecoin remains stuck in a consolidation phase, leaving traders unsure of its next move. BigCheds’ technical analysis highlighted that another high-timeframe (HTF) throwback to the $100 range followed a $130 supply level rejection. This marks the third time Litecoin has tested the $100 support zone, a level that has been crucial in preventing deeper declines. If LTC fails to hold this area, it could trigger a more extended correction. A breakout above $130 or a breakdown below $100 will likely determine Litecoins next major move. Until then, traders remain cautious as price action continues to signal uncertainty and indecision. The coming days will be critical in deciding whether LTC can reclaim higher levels or face another wave of selling pressure. Related Reading: Bitcoin Reclaims Key Levels And Faces Resistance At $97K Can It Break $100K This Week? Price Action Details: Key Levels To Hold Litecoin is currently trading at $102 after a massive drop from the $130 mark, leaving bulls in a critical position to defend key levels. The recent decline has pushed LTC to the lower boundary of its trading range, testing crucial support that has held multiple times in recent months. So far, price action has respected both supply and demand zones, with resistance around $130-$140 and support near $100. This channel structure has defined Litecoins movement, keeping it within a clear range-bound pattern. Bulls must now hold the current level to sustain this channel thesis, preventing further downside. eIf Litecoin confirms a breakout above $130, it could signal the start of a new bullish trend, pushing LTC toward higher levels. However, a break below $100 would indicate a loss of demand, likely triggering a deeper correction and increasing selling pressure. Related Reading: Dogecoin Will Start A Move To $4 If Current Demand Holds Can Bulls Step In? For now, traders are closely watching whether LTC will hold or break its current support zone. The next major move will likely come from a decisive breakout in either direction, setting the stage for Litecoins trend in the coming weeks. Featured image from Dall-E, chart from TradingView

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Litecoin Price Shows Resilience In Uncertain Market Conditions Whats Next For LTC?

The Litecoin price has been one of the better-performing assets since a wave of bearish pressure swept the market this past week. While the altcoin initially succumbed to the downward pressure, the price of LTC has recovered to its former highs before the downturn. Thanks to its recent positive momentum and resilience, the Litecoin price is outperforming Bitcoin, the largest cryptocurrency by market capitalization. Now, the question is how long can LTC keep this up against the Bitcoin price? LTCBTC Rises 25% In February In its latest post on the X platform, market intelligence firm Santiment shared that the price of Litecoin has been doing excellently against the Bitcoin price in recent weeks. According to the on-chain analytics firm, LTC is one of the few altcoins that has improved its price dominance against Bitcoin in February. Related Reading: Cardano Price Set For $8.11 ATH In 2025 With This Bullish Wave According to data from CoinGecko, the Litecoin price (LTC/BTC ratio) increased by more than 25% against the premier cryptocurrency in the past month. However, Santiment believes that the altcoin is at risk of a mild correction in the near future. This projection is based on the increasingly positive sentiment among Litecoin investors, especially over the past few days. Santiment revealed in its post on X a notable uptick in the number of active addresses on the Litecoin network over the past 24 hours. According to the market intelligence platform, the number of active LTC addresses crossed 445,000 for the first time since February 1, 2025. While this significant rise in addresses signals increased network participation, the increasing social media and online discussions around LTC is the more worrying trend. Santiment highlighted that the number of positive social media comments toward Litecoin is double that of negative comments for the first time since February 10. The overly bullish commentary spike can be bearish for the LTC/BTC ratio, signaling price exhaustion and investor fatigue in the short term. Moreover from a historical perspective, prices tend to move in the opposite direction of the crypto crowd. Litecoin Price What’s Next? As of this writing, the price of LTC stands at around $127, reflecting a 4.5% increase in the past 24 hours. The altcoin has nicely recovered after briefly falling below $110 in midweek, trimming its weekly losses to less than 1%. Related Reading: Ethereum Retraces To Critical Monthly Demand Level Can ETH Hold Selling Pressure? According to popular crypto analyst Ali Martinez, the Litecoin price is currently within a consolidation range. However, the altcoin could be set for a run to the upside once it successfully breaks out and closes above $136 on the daily timeframe. Featured image from Getty, chart from TradingView

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How Soon Will Litecoin Breach This Psychological Resistance Level?

In recent trading sessions, the price of Litecoin has remained stagnant below a significant resistance level while Bitcoin has experienced consistent fluctuations. Although Litecoin showed a slight increase of 2% in the last 24 hours, it lost 1% over the week, indicating consolidation. The altcoin’s technical outlook suggests a potential bearish takeover, as demand and accumulation for the altcoin have both declined. The crucial overhead resistance level of Litecoin has been a barrier that the coin has failed to surpass previously. In the event of another rejection over the coming trading sessions, bears could successfully take over. Related Reading: Terra Classic Recent Efforts Could Benefit LUNC’s Growth Potential As Bitcoin approaches the $30,000 mark, major altcoins are following a similar price trend. If BTC successfully crosses this resistance level, Litecoin could experience a rally. However, the market capitalization of LTC has decreased in the last 24 hours, indicating a decline in buying strength. Litecoin Price Analysis: One-Day Chart At the time of writing, LTC was trading at $89.58, and the overhead resistance level was at $90, which the coin has attempted to break through over the past few weeks. If LTC manages to surpass this level, it could potentially trade near the $100 mark. However, for a recovery on the chart to occur, selling pressure needs to decrease. On the flip side, if LTC falls from the $89 mark, it could reach $88. Failing to stay above that level could drag the price down to $84. The last trading session showed a red volume of LTC traded, indicating that sellers were dominating the market. Technical Analysis Following the formation of a tall bearish engulfing candlestick, the price of LTC has been steadily decreasing, and demand has also diminished. The Relative Strength Index (RSI) remains below the 50-mark, indicating that there is more selling pressure than buying strength. Additionally, LTC has fallen below the 20-Simple Moving Average line, indicating that sellers are driving the price momentum. However, the price has moved above the 50-SMA line (yellow), suggesting that LTC might attempt to recover over the next trading session. In line with other indicators, LTC has shown sell signals associated with negative price action. The Moving Average Convergence Divergence (MACD), which indicates price momentum and reversals, has continued to form red histograms, signaling sellers to the table. Related Reading: Why Coinbase CEO Believes SEC’s Crypto Warning Is Harmful To The US The Directional Movement Index has also been negative, with the +DI line (blue) below the -DI line (orange). Furthermore, the Average Directional Index has fallen below the 20-mark, indicating that the current price trend lacks strength. However, with an increase in demand and broader market strength, LTC may be able to break through its overhead resistance level in the coming trading sessions. Featured Image From UnSplash, Charts From TradingView.com

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Bullish Case For Litecoin Grows Stronger As LTC Halving Draws Close

Litecoin (LTC) is still trending low like the rest of the cryptocurrency market but one thing that separates the altcoin from the others is its obvious bullish case. Unlike the rest of the market, Litecoin looks set for another rally which will likely be propelled forward by the next halving. Litecoin Halving Presents Bullish Scenario [...]

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Litecoin Halving: An Opportunity For Growth Or A Setup For A Sell-Off?

As the crypto market gears up for one of its major network events, the Litecoin (LTC) halving, investors and analysts are peering into the crystal ball of market trends to try to predict the outcome. Slated for early August, the halving has attracted considerable attention from the cryptocurrency community. However, predictions surrounding the event are veering off the usual path of price appreciation to include a potential coordinated sell-off. Particularly, Renowned on-chain analyst, Ali Charts, has introduced a novel perspective to the halving discourse, with his theory that the much-anticipated event could turn out to be a “Sell the News” event.  #Litecoin | Each time the number of new $LTC addresses surpassed 350,000 in the last five years, a significant price correction followed. More than 690,000 #LTC addresses were recently created, suggesting the upcoming #halving could be a “sell the news” event. pic.twitter.com/FBsokPgaYA — Ali (@ali_charts) July 23, 2023 Unusual Network Activity Sparks Sell-Off Theories According to Ali, the idea of a “Sell the News” event stems from an observed increase in new Litecoin addresses created on the network. In recent times, over 690,000 new LTC addresses have emerged. This surge is significant because historically, a price correction tends to occur whenever the count of new Litecoin addresses crosses the 350,000 mark, as noted by Ali Charts. This pattern suggests that the current build-up of addresses may precipitate a price drop following the halving, possibly due to a coordinated sell-off. Related Reading: Litecoin Whales Purchase $59 Million Worth of LTC As Halving Event Approaches However, it’s essential to note that the crypto market, much like any other financial market, is driven by a variety of factors, making it nearly impossible to predict events with absolute certainty. A number of other potential outcomes, spurred by different market dynamics, could equally play out. Potential For Litecoin Price Growth Amid Deflation On the flip side, Litecoin’s forthcoming halving also presents the possibility of substantial price growth. This belief stems from the deflationary effect that halving will bring about, reducing the rate at which new Litecoins are created. Coupled with increasing demand for the coin, this could create an ideal scenario for price growth in the mid to long term. The nature of the halving’s potential impact has set the stage for an interesting dichotomy: a probable sell-off or massive accumulation. As users and investors gauge the possible impacts of the halving, it’s likely they will adjust their strategies accordingly, which could sway the outcome in either direction. Furthermore, the aftermath of the Litecoin halving event should provide valuable insights for the cryptocurrency community, particularly as investors prepare for the subsequent Bitcoin halving, slated for April next year. Related Reading: Litecoin Whales Deposit Big To Exchanges, Bearish Sign? Meanwhile, Litecoin has mirrored the price action of the rest of the crypto market over the past week. Notably, the altcoin currently swims in red, down by 1.3% in the past week and nearly 4% over the past 24 hours. Litecoin currently trades at a price of $89.5, at the time of writing. Featured image from iStock, Chart from TradingView

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Why Litecoin Could Be Gearing Up For Its Greatest Rally Since 2017

Litecoin price is up 10% this week, and more than 40% since its big brother Bitcoin began soaring amid the banking crisis. This could be barely a glimmer of what’s to come, according to a potential Elliott Wave Principle chart pattern called an expanding ending diagonal. Keep reading to learn all about this pattern, why [...]

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