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Showing posts with the label litecoin

Litecoin Prediction: How High Will LTC Rise In May 2025?

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Litecoin (LTC) is one of the earliest assets to enter the cryptocurrency market. Despite its timely debut, the altcoin has maintained a low profile. In terms of price, LTC has barely witnessed a major increase. The asset has been around since 2013, but has managed to rise by only 1816.48% since then. LTC even hit an all-time high of $412 about four years ago in 2021. But the cryptocurrency continues to trade 80% below this peak. While the community expected to see 2025 bring in massive gains to the Litecoin market, the altcoin seems to be moving at a slow pace. Also Read: Warren Buffett Warns of ‘Hair Curler’ Crash Despite $347B Cash Litecoin Records Massive Downfall of Over 6% Source: Webopedia Litecoin failed to retain itself in the top ten. The asset currently trades as the 21st-largest cryptocurrency in the market. At the time of writing, LTC was trading at a low of $82.27. This comes after the asset witnessed a massive drop of 6.86% over the past 24 hours. Source: CoinMarketCap Th...

Litecoin (LTC) Surges 8% As SEC Begins ETF Review Process

Litecoin (LTC) is experiencing a surge over the last 24 hours amid the SEC beginning its review process for several crypto ETF filings. Indeed, The SEC has acknowledged CoinShares’ filings to list XRP and Litecoin ETFs on Nasdaq. This is one of several crucial steps towards approval and overall regulation of the crypto industry. LTC traded as much as 10% higher on Wednesday and currently sits at over $135. Litecoin (LTC) was one of the earliest cryptocurrencies to enter the market. Despite its popularity and growth rate back in the day, LTC took a backseat during the last few years. The altcoin was sidelined as the market welcomed a plethora of new assets. This, however, did not stop the asset from making a comeback. The news of a Litecoin exchange-traded fund (ETF) garnering approval has put LTC under the spotlight. Now, the LTC ETF is a step closer to approval, sparking positive price momentum. SEC Begins LTC ETF Review Process The SEC will open a 21-day public comment period for the...

Litecoin Price Prediction for Today, January 13 – LTC Technical Analysis

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Litecoin (LTC) stands at a crossroad, its resilience tested by the bearish market tide. Beneath the surface, LTC’s fundamental strength and growing adoption hint at a potential resurgence. Can it awaken a sleeping giant and reach $118? LTC Key Statistics Current Price: $98 Market Cap: $7.40 billion Trading Volume (24h): $447.9 million Circulating Supply: 4 million LTC Total Supply: 84 million LTC CoinMarketCap Ranking: #23 Amid a broader market downtrend that has cast its shadow for some time, Litecoin (LTC) has retreated 24.81% from its 30-day high and 16.09% from its 7-day peak. Yet, even in this challenging environment, LTC has managed to ascend 12.41% from its 30-day low and inch up 0.33% from its weekly bottom, showcasing its resilience in turbulent times. LTC/USD Market Key Levels Resistance: $105, $110, $118 Support: $92, $85, $80 LTCUSD – Daily Chart The LTCUSD daily chart portrays a gloomy landscape, with Litecoin currently trading at $98, down...

Litecoin Price Prediction: Before a New Rise, LTC May Test $60

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Litecoin’s price is grappling with a challenging quest to surge beyond the $66.40 threshold against the US Dollar. Before the bullish forces make a resounding comeback, LTC might take a detour and revisit the $60 support. Litecoin is in the process of rectifying its recent setbacks, commencing its ascent from the $63 support zone against the US Dollar. The current scenario sees the price trading below $66, struggling to regain its footing above the 100 simple moving average within the 4-hour time frame.   https://coinstats.app/coins/ LITECOIN / A pivotal moment unfolds as a crucial contracting triangle takes shape, its resistance hovering tantalizingly close to $65.50, as per the 4-hour chart of the LTC/USD pair, drawing data from Kraken. In this environment, the price appears poised to descend towards the $60 support before mounting a fresh ascent. In recent times, Litecoin’s journey mirrored a bearish descent in Bitcoin, Ethereum, and various other altcoins ag...

Litecoin halving completes as LTC sees increased payments adoption

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Litecoin block rewards have now halved to 6.25 LTC as the halving clock is reset for another four years. The Litecoin halving event has been completed with block rewards now halved at 6.25 Litecoin (LTC) per block.  On Aug. 2, the Litecoin blockchain went through its automated halving procedure at block 2,520,000. LTC miners are now getting half the rewards and the clock has been reset for the next halving in roughly four years' time. Litecoin founder Charlie Lee commented on the discrepancies between the different halving countdown timers, suggesting that the NiceHash one was the most accurate. However, all of them agreed on an Aug. 2 date. This is funny. I googled "Litecoin Block Halving Countdown" and checked the first 4 hits. The ETA for the halving is all over the map! From my quick calculation, I believe NiceHash's countdown is the most accurate. I expect the halving to occur in about a 1 day, 2 hours, and 30… pic.twitter.com/7lvOKCtiOh — Charlie Lee ️️ (...

Price analysis 6/23: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, LTC, DOT

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Bitcoin price looks ready to turn $31,000 to support, and many altcoins are following with double-digit gains. The rush to apply for a spot Bitcoin (BTC) exchange-traded fund (ETF) rejuvenated the bulls but this news is likely to boost the price only to a certain distance. As the price moves up, the risks of a crash increase if none of the ETF applications are approved. Trading firm QCP Capital is not convinced that a spot ETF will see the light of the day in the near term. Another point of view came from Gemini co-founder Cameron Winklevoss who said on June 21 that the “floodgates” for accumulating Bitcoin are “closing fast.” Similarly, MicroStrategy Executive Chairman Michael Saylor said that the opportunity to “front-run institutional demand for Bitcoin” was ending. Daily cryptocurrency market performance. Source: Coin360 Bitcoin remains the center of attraction as its market dominance has been hovering near 50%. K33 Research Analysis found that over the long term, Bitcoin investm...

Litecoin eyes $100 after 'rare' LTC price breakout

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MoneyGram's decision to integrate Litecoin into its crypto services and the coin's upcoming halving event has served as catalysts behind LTC's price rally. Litecoin (LTC) could rise another 20% amid a rare trend reversal breakout that has already resulted in LTC outperforming most crypto assets in recent days. LTC's not-so-bearish symmetrical triangle LTC's price broke out of what earlier appeared to be a bearish symmetrical triangle. Symmetrical triangles are trend continuation patterns, meaning breaking out of their range typically prompts the price to move in the direction of their previous trend.  Litecoin formed a symmetrical triangle pattern between May and November after dropping 70% to nearly $40 in the prior trading sessions. Ideally, the LTC/USD pair could have resolved the pattern by breaking below its lower trendline. But instead, it broke above the upper trendline in early November, as shown below. According to Edwards and Magee, the authors of Technic...