Litecoin

The cryptocurrency market is riding the green wave as most of its assets recover from a crisis sparked by the collapse of FTX, once one of the largest crypto exchanges in the world, with Litecoin (LTC) recording especially significant gains and showing signs of a bright future. Specifically, the increases that the price of Litecoin has been registering for the past several days are an indicator that the decentralized finance (DeFi) token could secure a rally towards $100, according to the Source link

A week back we shared free analysis and highlighted bullish intraday sequence on LTCUSD and noted that coin can resume higher within impulsive sequence.  Some may wonder why we picked LTCUSD? Well, we paid a special attention to this one, because it was one of the strongest back in November, when coin was able to stay above November low when BTC fell, and then even saw a strong push higher. From a % perspective we can see it a leading a lot from November low.

Litecoin (LTC) was among the few bright spots for the crypto market which had to endure the negative effects of the collapse of the FTX exchange platform. In the midst of one of the worst implosions that the space has ever witnessed, LTC momentarily became vulnerable, plummeting all the way down to $49.58. But the cryptocurrency stood its ground, though, while the likes of Bitcoin and Ethereum were sent crashing to various monthly lows and eventually commenced its own rally to close… Source link

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… Source link

Litecoin continues to move higher with a total disregard for the current bear market. Could this be the start of a broader recovery? Key Support levels: $74, $64 Key Resistance levels: $95, $105 Litecoin’s price action is getting closer to deleting a lot of the losses marked throughout the ongoing bear market, and it’s on its way to testing another critical resistance at $95. Bulls seem to be in complete control at the time of this writing. Sellers have vanished, and… Source link

Newly, crypto businessman Bobby Lee, the brother of Litecoin developer Charlie Lee, shared his views on Bitcoin.  As per the report by a reliable media source, at the time of the interview with Rishaad Salamat and David Ingles on “Bloomberg Markets: Asia” on 21 November 2022, Lee had stated about Bitcoin: “Bitcoin is now below $16,000. Before this, I stated that it will likely touch $15,000. Given the extent of the FTC blow-up, it can touch $13,000 or even go down to $10,000. That… Source link

Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Digital Money has gained 0.77% to $76.84. InvestorsObserver is giving Litecoin a 28 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin! Moderately Volatile InvestorsObserver gives Litecoin a moderate volatility rank of 28, placing it in the bottom 28% of cryptos… Source link

Litecoin prices remained relatively unaffected during the crypto crash. Currently, Litecoin is trading at a one-year high against Bitcoin. Justin Bennett reacted to the current trading price of Litecoin. In the past few weeks, the price of one of the most popular altcoins (cryptocurrencies other than Bitcoin), Litecoin, showed a surge of 18.12% with a trading volume of $300 million (USD). Litecoin’s price remained unaffected during the FTX crash and increased more than 40%. Meanwhile,… Source link

Litecoin’s hash rate marked an all-time high Breaking correlation with the rest of the market, LTC rallied amid market downturn At 613.81 TH/s, Litecoin’s [LTC] hash rate recently clinched a new all-time high, data from CoinWarz revealed. Following its last significant dip in July, Litecoin’s hash rate rallied by 64% within four months.  Read Litecoin’s [LTC] price prediction 2023-2024 Further, as of 3 December, the network’s average difficulty was at its… Source link

Litecoin receives a strong long-term technical score of 85 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. Currently, LTC holds a superior long-term technical analysis score than 85% of… Source link