Litecoin

Litecoin Displays Consolidation, Expect A Reversal Soon?

The Litecoin price has shown considerable recovery ever since it reached its bottom in December 2022. LTC secured almost 50% appreciation in January this year. Currently, however, the altcoin has witnessed a price pullback and is consolidating on its daily chart. Over the last 24 hours, the Litecoin price moved down by 0.3%, which signified a range-bound movement. The altcoin also lost close to 3% of its market value. The technical outlook of Litecoin pointed towards bullish momentum as… Source link

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Whales Are Pouncing on Litecoin, Polygon and Two Ethereum-Based Altcoins, Says Analytics Firm Santiment

New data from crypto analytics platform Santiment reveals that whale transactions are spiking for Litecoin (LTC), Polygon (MATIC) and two Ethereum (ETH)-based altcoins. According to the market intelligence firm, Bitcoin (BTC) alternative Litecoin is experiencing a resurgence of whale activity that could result in another price explosion of more than 30%, which is what happened the last two times whale activity centered around LTC spiked. “Litecoin’s large whale transactions… Source link

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Whales Are Pouncing on Litecoin, Polygon and Two Ethereum-Based Altcoins, Says Analytics Firm Santiment

New data from crypto analytics platform Santiment reveals that whale transactions are spiking for Litecoin (LTC), Polygon (MATIC) and two Ethereum (ETH)-based altcoins. According to the market intelligence firm, Bitcoin (BTC) alternative Litecoin is experiencing a resurgence of whale activity that could result in another price explosion of more than 30%, which is what happened the last two times whale activity centered around LTC spiked. “Litecoin’s large whale transactions… Source link

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Litecoin fails to overcome key resistance level despite hitting new milestones

Litecoin hits transaction and hash rate milestones, but investors are still sitting on the sidelines. LTC was stuck in limbo as demand slowed down amid weak sell pressure. Litecoin [LTC] concluded an interesting week during which it managed two major milestones. On 27 January, the network announced that it had facilitated slightly over 142 million transactions. The Litecoin network just processed its 142 millionth transaction!⚡ pic.twitter.com/wyZQe4w08L — Litecoin… Source link

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What Is Litecoin Halving? When Will the Litecoin Halving Happen?

The pre-programmed Litecoin halving event is one of the most significant events in the 2023 altcoin calendar and will halve the volume of LTC awarded to miners. But what does it mean for investors? And what impact will the Litecoin halving have on the wider cryptocurrency landscape? Litecoin shares a similar halving mechanism to Bitcoin, which also undergoes a halving event every four years. Like Bitcoin, these events typically cause a series of price movements surrounding the… Source link

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Litecoin’s Hashrate Reaches All-Time High, Difficulty Follows Suit – Altcoins Bitcoin News

The blockchain network Litecoin’s computational power reached an all-time high (ATH) on Wednesday, Jan. 25, 2023, at block height 2,411,048, reaching 798.43 terahash per second (TH/s). In addition, Litecoin’s difficulty also reached an all-time high this week, hitting 23,505,031 the following day. Litecoin’s Computational Power Climbs 38% in 30 Days A significant amount of hashrate has been dedicated to the Litecoin (LTC) network over the last 30 days as the blockchain’s… Source link

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Bitcoin Cash (BCH) to become legal tender of St. Kitts and Nevis, Litecoin use increased 109% in 2022, SNW price rises to $0.191

As the world becomes increasingly digitized, it’s no surprise that cryptocurrencies are on the rise. While Bitcoin Cash (BCH) and Litecoin (LTC) have both seen their fair share of ups and downs, Snowfall Protocol (SNW) has emerged as a strong contender in the race to become the top digital currency. In this article, we will take a look at why (SNW) is poised to overtake BCH and LTC in the coming months. Bitcoin Cash (BCH) might soon be St. Kitts and Nevis’ legal tender Saint Kitts and… Source link

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Bitcoin Breakout Imminent? Analyst Says Key Price Point Will Be Pivotal, Tracks Path Ahead for Litecoin and Three Ethereum-Based Altcoins

A widely followed crypto analyst says that Bitcoin (BTC) could continue its uptrend as he keeps a close eye on Litecoin (LTC) and three Ethereum-based (ETH) altcoins. Pseudonymous trader Rekt Capital tells his 334,000 Twitter followers that he expects BTC to continue rising as long its dominance level successfully retests a key level. “A BTC Dominance monthly close above the range high resistance could set BTCDOM up for retest. Successful retest there and BTC Dominance would… Source link

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Crypto News Digest by U.Today

Valeria Blokhina Check out U.Today’s news digest and make sure you are up-to-date with the latest events in the industry! Here are the top four news stories over the past day presented to you by U.Today. Ripple will win now, ‘zero doubt,’ CryptoLaw founder says, but there’s a catch Yesterday, CryptoLaw founder John Deaton commented on the ongoing case of Grayscale against the SEC concerning the conversion of GBTC into a Bitcoin ETF. Deaton tweeted that, in his opinion, Grayscale’s… Source link

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Litecoin ‘head fake’ rally? LTC price technicals hint at 65% crash

Litecoin (LTC) has rebounded by 130% to almost $100 after bottoming out near $40.50 in June 2022. The primary reasons include broadly improving risk-on sentiment and euphoria around the Litecoin halving in August 2023. However, technicals suggest that LTC may wipe out most of these gains in the coming months. LTC price paints giant bear flag  Litecoin stands to pare its gains mainly due to a giant bear flag on the weekly char.  A bear flag is a bearish continuation pattern that occurs when… Source link

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