Litecoin

Litecoin (LTC) has continued to range in a channel against Tether (USDT) as it attempts to break out of this trend. The price of Litecoin LTC has shown little to no major movement despite the change in trend across the market in recent weeks as many altcoins rallied and produced gains of double digits. (Data from Binance) Litecoin (LTC) Price Analysis On The Weekly Chart Weekly LTC Price Chart | Source: LTCUSDT On Tradingview.com From the chart, the price of LTC saw a weekly low of $45,… Source link

The recent market growth rekindled the hopes of Litecoin [LTC] buyers over the last month. But the $62-$64 range has been shunning the bullish efforts while preventing a swift buying rally. As a result, the altcoin quickly dropped below the EMA ribbons to project strong selling momentum. Furthermore, the recent bearish engulfing candlestick reflected a solid uptick in selling pressure. Sustained rejection of higher prices near the 20 EMA could inflict a near-term pullback… Source link

Easy To Use Swapping Protocols See An Uptick In Demand In a world where DEXs and hot wallets are the most common way to trade DeFi for new investors, this can be quite daunting. The complexity of many of these exchanges and protocols makes it difficult to discern how to trade, what’s being traded, and even how to import the tokens that you are trying to purchase. As such, certain layer-3 and other swapping mechanisms are gaining traction in the ecosystem today… Source link

Editah Patrick Editah is a versatile fintech analyst with a deep understanding of blockchain domains. As much as technology fascinates her, she finds the intersection of both technology and finance mind-blowing. Her particular interest in digital wallets and blockchain aids her audience. Source link

Litecoin (LTC) has been relatively less volatile compared to the crypto market. So far Saturday, the Digital Money has declined 2.57% to $53.82. InvestorsObserver is giving Litecoin a 22 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin! Low Volatility InvestorsObserver gives Litecoin a low volatility rank of 22, placing it in the bottom 22% of cryptos on the market. The Volatility Gauge… Source link

Editah Patrick Editah is a versatile fintech analyst with a deep understanding of blockchain domains. As much as technology fascinates her, she finds the intersection of both technology and finance mind-blowing. Her particular interest in digital wallets and blockchain aids her audience. Source link

Ali Shahgholi/iStock via Getty Images Thesis Summary Litecoin (LTC-USD), the faster, cheaper alternative to Bitcoin (BTC-USD) and a bigger brother to most other altcoins, was developed and launched by Charlie Lee in 2011, two years after Bitcoin was launched. Litecoin was one of the first altcoins. It was built from Bitcoin’s source code and is similar to Bitcoin in many aspects, which has led many to call it digital silver. Litecoin remains one of the few early cryptocurrencies still… Source link

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Litecoin price analysis is bearish as LTC/USD depreciates to the $54.80 mark after a bearish run. The bears have taken over the price charts once again and have pushed the prices below the $54 mark. The market is currently facing resistance at $61.50, and if the bears continue to exert their pressure, we could see Litecoin prices decline further to support levels of $54.47. The bulls had tried to enter the market but were unable to sustain the prices above the $61 mark, which resulted in a… Source link

Litecoin’s price has been on a bullish run since the past month, with the coin seeing a 25.18% growth in its price action. Following the broader market cues, the growth of the coin has been consistent over the past month Source: TradingView One of the reasons for Litecoin’s substantial growth could be the increasing interest from whales in the recent past. Source: Messari From a steep low that was seen on 26 July, the interest from whales can be seen increasing at a steady… Source link