|All Time High:
|The price of #LTC today is $72.08 USD.
The lowest LTC price for this period was $0, the highest was $72.08, and the exact current price of one LTC crypto coin is $72.08061.
The all-time high LTC coin price was $413.
Use our custom price calculator to see the hypothetical price of LTC with market cap of SOL or other crypto coins.
|The code for Litecoin is #LTC.
Litecoin is 10.8 years old.
|The current market capitalization for Litecoin is $5,351,959,910.
Litecoin is ranked #24 out of all coins, by market cap (and other factors).
|The trading volume is very large during the past 24 hours for #LTC.
Today's 24-hour trading volume across all exchanges for Litecoin is $469,270,094.
|The circulating supply of LTC is 74,249,643 coins, which is 88% of the maximum coin supply.
|LTC is well integrated with many pairings with other cryptocurrencies and is listed on at least 127 crypto exchanges.
View #LTC trading pairs and crypto exchanges that currently support #LTC purchase.
More Litecoin (#LTC) News
|Litecoin About To Explode And Outperform Bitcoin? Analyst Is Super Bulli...
Litecoin, a cryptocurrency often referred to as the 'silver to Bitcoin's gold,' is gaining traction among analysts who predict its potential to outperform Bitcoin shortly.
Tony 'the Bull,' a certified chartist and the Head of Research at NewsBTC, took to X on January 12, laying out a bullish outlook for the 18th most valuable cryptocurrency. Citing its monthly candlestick formations, the analyst said what's panning out are signs of an imminent breakout that could propel the coin higher in the coming weeks.
Litecoin About To Rip Higher? Specifically, Tony 'The Bull' said what's printing out in the monthly chart is 'insanely bullish' for Litecoin. This outlook is warming for Litecoin Bulls, considering its drab performance in 2023 when prices consolidated before tanking in the second half.
The researcher also shared another chart, predicting that the crypto community is 'close to witnessing something impressive.' The analyst's enthusiasm echoes earlier assessment of Litecoin's 'SuperTrend' indicator, which seems to suggest significant price gains for Litecoin in the coming sessions.
Litecoin remains within a bearish formation, consolidating, as evident in the monthly chart. Of note, prices are still trending inside the bear bar of August 2023. Despite general optimism, Litecoin bulls have yet to reverse those losses and remain within a tight, flat-lining range, as evident in the monthly chart.
Still, Litecoin might set a fresh trend depending on t...
|Litecoin Bear Flag Could Cause 41% Crash To This Level, Analyst Explains
An analyst has explained that a bear flag is potentially forming for Litecoin, which, if confirmed, might cause a decline for LTC to this level.
Litecoin Could Be In Danger Of Deep Decline Due To This Bear Flag
In a post on X, analyst Ali has pointed out a possible bear flag taking form for Litecoin. A 'bear flag' is a pattern in technical analysis that, as its name implies, looks like a flag on a pole.
The pattern takes shape when the asset observes a sharp downward move and follows it up with a period of consolidation. This consolidation happens toward a slight overall uptrend, meaning that its upper level is created by connecting higher highs, while the lower line joins together higher lows.
The downtrend prior to the consolidation makes up for the pole, while the channel looks like a flag. Inside the flag, the price is naturally likely to feel resistance at the upper level, while support is at the lower one.
The bear flag is popularly considered a continuation pattern, meaning that the downtrend would continue after the pattern forms. This continuation happens as the price finally ends its consolidation and crashes through the lower level of the flag.
Like the bear flag, there is also the 'bull flag,' which forms in the opposite circumstances. In the case of this pattern, the price breaks out with a sharp upward move after the consolidation period toward the downside finishes.
Now, here is the chart shared by the analyst that sheds light on a possible bear flag forming i...
|Active Addresses on Litecoin Hit New All-Time High 4 Months After LTC Ha...
Litecoin has witnessed increased network activity recently, with its active addresses soaring to all-time highs.
According to a tweet from blockchain data analysis platform IntoTheBlock, the number of active addresses on the Litecoin network surpassed 1.4 million on December 8, 2023.
The number of active Litecoin addresses is spiking strongly, hitting a new all-time high of over 1.4 million addresses on December 8th! https://t.co/POjEVdh92n pic.twitter.com/HgiJ9cCDdq
— IntoTheBlock (@intotheblock) December 11, 2023
Litecoin Sees Increased Network Activity
The latest spike in LItecoin's active addresses comes less than a month after they hit a six-month high. CryptoPotato reported in mid-November that active addresses on the network surged to 979,550, breaking the previous record of 719,300 in May.
The massive growth in active Litecoin addresses can be attributed to the LTC-20 token standard, built on top of the Litecoin Ordinals Protocols. It is a branch of Bitcoin's BRC-20 standard, which the community sees as an experiment to demonstrate that users can create off-chain balance states with inscriptions. The standard was launched to create fungible tokens on the Litecoin network.
Besides the surge in active addresses, Litecoin wallets with a balance have also soared to new highs, recording a year-to-date increase of more than 40%. In addition, the number of transactions on the network rose to an all-time high of 1.09 million on November 14, even exceeding that of Bitc...
|Litecoin Overtakes Bitcoin Briefly in Transaction Count Amid Network Boo...
Litecoin (LTC) has experienced a monthly surge of approximately 20%, briefly surpassing the $74 mark, in tandem with a broader resurgence in the cryptocurrency market. The increased network activity has played a pivotal role in this upward trend.
Data compiled by IntoTheBlock reveals that active addresses on the Litecoin Network have reached a six-month high.
On November 13th, the count of active addresses, indicating those involved in transactions, soared to 979.55k, breaking the previous record of 719.3k in May, driven by the launch of the LTC-20 token standard.
The total number of addresses with a balance also reached a new peak this week, marking a year-to-date increase of over 40%, as per ITB.
According to Bitinforcharts, the number of transactions hit an all-time high of 1.09 million on November 14th, briefly surpassing Bitcoin's transaction count, which stood at 523.28k.
Despite the increase in transaction count, the total number of coins transferred on-chain remained relatively low, indicating that the majority of the traffic was generated by low-value transactions. This was evidenced by the transaction volume, which hovered close to $2.03 billion, down by more than 90% since its peak of $26.18 billion recorded in January this year.
As the network experienced increased activity, the total amount of fees paid to miners saw a spike.
Nevertheless, the average fee paid per transaction by a network user decreased. This suggests that despite the substantial growth in trans...
|Litecoin Sustains 4-Month Run With 37% Gain, Beating Most Of Its Peers &...
With its latest break above the $74 barrier, Litecoin (LTC) is showing encouraging signs of a breakout into the bull market.
Increased transaction activity from miners and major investors in cryptocurrency is fueling expectations of an upward trend and suggests that a huge price spike is imminent.
At the time of writing, the price range for LTC is $61.50 to $74.50, up 3.5% in the last 24 hours, figures by crypto market price aggregator CoinGecko show. The crypto has so far been able to hold its ground and sustain a 37% increase in the last four months, data shows.
The 100-Day Moving Average, on the other hand, is currently at $67.40, while the 10-Day Moving Average is at $73.25. These indicators suggest that Litecoin is gaining pace, with resistance levels found at $80.11 and $93.05.
Litecoin hasn't changed much in response to recent events in the crypto sector, even though it stands to gain directly. Companies like Blackrock, Invesco, Franklin Templeton, Ark Invest and Fidelity recently applied for a spot Bitcoin ETF.
Blackrock recently submitted a separate document for an Ethereum ETF. This indicates the prevailing confidence of the largest asset management firm globally in the potential approval of its Bitcoin ETF.
Litecoin has emerged as one of the most active blockchains in the industry, with a solid achievement of surpassing 1 million transactions on November 14th, marking the first time the proof-of-work (PoW) network has reached this mileston...
|Litecoin Whales Are Back In The Game, Can Price Reach $100?
Litecoin (LTC) whales are making their way back into the market once more as the bull market establishes itself. A number of large transactions have been flagged which suggests that these millionaire accounts are coming out to play.
Litecoin On-Chain And Whale Activity Hit 4-Month High
The Litecoin on-chain and whale activity has been on the rise recently, as reported by the on-chain analytics platform Santiment. In the report posted to X (formerly Twitter), Santiment revealed that there had been a big spike in the Litecoin on-chain activity.
The chart shared by the tracker showed the spike taking place in line with the price recovery, which would be the reason why investors are awakening once more. Santiment noted that this recovery in on-chain activity saw address activity on the blockchain, as well as whale activity reaching levels not seen since June, representing a 4-month high in this metric.
A total of 319,000 daily addresses were active on the network after this metric dropped drastically in the last few months Additionally, weekly whale transactions, that is transactions carrying more than $100,000 rose and touched a new 4-month high of 7,418.
These are not the only metrics that saw a spike as the dormant LTC address started seeing movement again. These addresses which had previously not seen movement for a while began to move coins around, adding to the current number of coins in circulation.
LTC Ready For A Shoot To $100? The revival of on-chain activity for Lite...
|Litecoin At 12: How Has Its 84 Million Supply Been Distributed Over Time...
Much has changed since Litecoin launched in 2011 with a maximum supply of 84 million LTC as a silver to Bitcoin's gold. The crypto recently completed its third halving in August, finally reducing the number of LTC miners receive as a reward for mining a block from 12.5 LTC to 6.25 LTC.
Over the past 12 years, much of this supply has been distributed to miners as block rewards for verifying Litecoin transactions. At the time of writing, there are 73.76 million LTC in circulation, with data showing this supply concentrated among large holders.
Estimates from the crypto analysis platform IntoTheBlock show that over 49% of LTC is held by accounts with more than 0.1% of the circulating supply. BitInfoCharts also puts addresses with more than 100,000 LTC having 38.01% of the total supply.
Who Are the Biggest Litecoin Wallet Holders Today? Litecoin's 84 million total supply has been distributed over the past 12 years through mining rewards and market trading. The biggest wallet addresses include large miners that have accumulated Litecoin from years of mining and crypto exchanges. Charlie Lee, its creator, claims to have sold or donated all LTC tokens in his collection.
The honor of the biggest Litecoin wallet address belongs to 'M8T1B', accounting for 3.34% of the entire supply in circulation. This wallet holds 2,504,667 LTC worth $158,105,141 at the current market price.
Next is 'ltc1qr' holding 2,225,000 LTC worth $140,451,374. Wal...
|The 12-Year Evolution of Litecoin and Its Most Influential Wallets
This month Bitcoin.com News delved into the top ten XRP wallets, having scrutinized the leading bitcoin, ethereum, and tether addresses the month prior. Next on the radar? An exploration of the top ten litecoin (LTC) wallets, standing out from 7.14 million distinct LTC-holding addresses. Often dubbed 'the silver to bitcoin's gold,' litecoin operates on a proof-of-work blockchain and boasts a history spanning 12 years.Litecoin's Powerhouses: Which Wallets Reign Supreme?
Recently, Litecoin celebrated 12 years since its inception by Charlie Lee on October 13, 2011. The digital currency network just experienced its third reward halving, resulting in miners now pocketing 6.25 LTC for every mined block. As of October 15, 2023, with a market cap of roughly $4.55 billion, LTC sits as the 15th heavyweight in the crypto realm. Currently, around 73,762,420 LTC are in circulation, approaching its max cap of 84,000,000 LTC.
Over this 12-year journey, 7.14 million distinct litecoin addresses hold LTC. Intriguingly, the top ten wallets control 12.67% of the total available stash. The reigning champ, 'M8T1B,' possesses a staggering 2,504,667 LTC, making up 2.98% of the total coins. Hot on its heels is 'ltc1q' with a grasp on 2.65% of the entire LTC pie, translating to 2.22 million tokens. The bronze position is occupied by 'MQd1f' with 1.34 million coins, a 1.6% slice. Meanwhile, 'ltc1q' secures the fourth rank, boasting 1.09 million LTC, or a 1.31% chunk.
The wallets 'ltc1q' (927,542), 'MQ...
|Crypto Analyst Puts Litecoin Price At $84, Here's The Timeline
Since its third halving event was successfully completed in early August, the Litecoin price has fallen off the radar of crypto investors. This was mainly due to the price decline that LTC experienced after heavy profit-taking from investors who had invested leading up to the price surge triggered by the expectations around the halving. But it seems the tides are finally turning for the coin as one analyst predicts a more than 30% increase in price going forward.
Litecoin Price Shooting For The Stars
The current crypto market headwinds seem to be working in favor of the Litecoin price which one crypto analyst believes is gearing up for a run-up to $83. In the post, the pseudonymous analyst identified as P_S_trade points to the possibility of the crypto market continuing its growth trend. However, this would be null and void if the crypto market were to reverse back below $27,000.
For Litecoin, the analyst points out that the altcoin has usually been the first to start to see an upside in the crypto market. But this has not been the case, as previously mentioned since high levels of profit-taking have affected the LTC price.
Even from the current level, the analyst’s chart points toward a possible retracement from here back down to $55. However, once this is completed, the bounce-off from there shows LTC reaching as high as $77 before succumbing to another correction.
This decline is also similar to the first instance where it falls to $55 in the fact that it signals ...
|A Comparison Between Litecoin and Bitcoin Spark: Empowering Crypto Portf...
The potential of Litecoin, a trailblazer in the crypto sphere, and the groundbreaking blockchain capabilities of Bitcoin Spark, a rising star in the digital currency arena, can unlock new opportunities for financial growth and stability.
You can start or further your transformative journey towards financial empowerment and innovation by harnessing the strengths of these exceptional Bitcoin fork cryptocurrencies.
Bitcoin Spark (BTCS): A Wealth Boosting Portfolio
BTCS is a fast-rising Bitcoin derivative with a new blockchain technology, Proof-of-Process (PoP). PoP is a unique blend of best blockchain practices featuring Proof-of-Stake (PoS) and Proof-of-Work (PoW) concepts.
The essence is to enable diverse users to validate transactions and secure the network by renting their device power and staking BTCS, the native token of the Bitcoin Spark ecosystem.
BTCS attempts to combat some of the persistent challenges, including scalability, transaction speed, mining centralization, and high energy consumption.
BTCS's goal is to optimize digital transactions and refine blockchain technology, improving their efficiency and overall effectiveness. BTCS has audited its systems for security and stability, with various certifications and KYC.
A standout BTCS feature is its innovative Bitcoin Spark Application, a comprehensive platform that facilitates various activities such as mining, provision of processing power, trading, storing BTCS, and reward distribution. This application seamlessly...
|Litecoin Price Prediction: LTC Could Retest $60 Before Fresh Surge
Litecoin price is struggling to gain pace above $66.40 against the US Dollar. LTC could revisit the $60 support before the bulls take a strong stand.
Litecoin is correcting losses from the $63 support zone against the US Dollar. The price is now trading below $66 and the 100 simple moving average (4 hours). There is a key contracting triangle forming with resistance near $65.50 on the 4-hour chart of the LTC/USD pair (data feed from Kraken). The price could drop toward the $60 support before it starts a fresh increase. Litecoin Price Signals Bearish Move
This past week, there was a fresh decline in Bitcoin, Ethereum, Litecoin, and other altcoins against the US Dollar. LTC price formed a top near $68.40 before it started a fresh decline.
The price traded below the $66.40 and $65.00 support levels. It retested the $63.00 support zone. A low was formed near $63.01 and the price is now attempting a fresh increase. There was a move above the $65.20 resistance.
The price spiked above the 50% Fib retracement level of the downward move from the $68.38 swing high to the $63.01 low. Litecoin is now trading below $66 and the 100 simple moving average (4 hours). There is also a key contracting triangle forming with resistance near $65.50 on the 4-hour chart of the LTC/USD pair.
On the upside, immediate resistance is near the $65.50 zone. The next major resistance is near the $6.40 level. It is close to the 61.8% Fib retracement level of the downward move from the $68.38 swing high to th...
|Litecoin Stuck In A Rut: Will Bullish Momentum Or Bearish Pressure Preva...
Litecoin (LTC) has spent the past week trading within a tight price range, with its value hovering steadily around the mid-range point of $64. The price action for LTC in September has remained primarily bearish, with sellers maintaining control over the market.
While LTC has a history of volatile price swings, recent times have seen it mirroring the sideways movement of the overall market, largely influenced by Bitcoin's fluctuations, which rose from $25,000 to $27,000 before dropping to $26,000.
As of the latest data from CoinGecko, Litecoin is currently trading at $64.63, with a 24-hour gain of 0.7%. However, over the past seven days, LTC has experienced a decline of 2.9%, reflecting the prevailing bearish sentiment in the market, according to a recent price report.
Chasing Litecoin Bulls and Avoiding The Bears
For those looking for a bullish revival in Litecoin's price, a price report notes that the key level to watch is the 23.6% Fibonacci retracement level, which stands at $69. Breaking above this level could open the door for further gains, with potential targets lying at $78 and $80.
On the other hand, if the flat trading volume persists, bears may exert further pressure, potentially leading to a drop in LTC's price to the $60 mark.
Market speculators have not been particularly enthusiastic about Litecoin's recent sideways movement. The Open Interest (OI) for LTC has continued to decline, with data from Coinalyze indicating a $9 million drop within the...
|Litecoin Eliminates Pre-Halving Gains As Volume Drops, Is A Fall To $50 ...
In the months leading up to the Litecoin halving in August, the price of the blockchain’s native LTC token was continuously on the rise. This renewed interest in investors who rushed back into the token and eventually pushed its price above $100. That is until the actual halving event rolled around, turning it into a “buy the rumor, sell the news” scenario. Since then, it has been a downward spiral for the token and the pain may not be over.
Litecoin Volume Slumps Post-Halving
Litecoin volume since the halving was completed has been less than expected. While investors expected rising demand for the LTC token with the diminished supply rate, the opposite has been the case. Instead, the daily trading volume of the cryptocurrency continued to slump.
In the last day, the Litceoin daily trading volume fell another 23%. This brought its daily volume to $255 million, a significantly low figure compared to the $500 million daily volumes that the cryptocurrency was recording leading up to the halving.
Just like the trading volume, the price of LTC has also plunged significantly. From its pre-halving peak of $112, the altcoin has fallen over 50% to its current level just above $60. This means that the asset has lost all of its gains accumulated between June and July 2023, just one month after the halving was completed.
So rather than being a bullish event as initially expected, the halving has proven to be more bearish than most. It also did not help that it took p...
|Litecoin Breaks Another Record: HODLers On Network Now Exceed 5 Million
On-chain data shows Litecoin has reached another milestone as the total number of HODLers on the network now exceeds five million.
Litecoin Long-Term Holders Have Continued To Rise In Number Recently
According to data from the market intelligence platform IntoTheBlock, LTC has seen its long-term holder count hit a new record this week. The firm defines 'long-term holders' (LTHs) or HODLers as investors holding onto their coins since at least one year ago. Note that this cutoff for the LTHs differs from what some other analytics platforms use, usually around five to six months.
The chart below shows how the number of addresses owned by these LTH HODLers has changed over the past few years.
As displayed in the above graph, the Litecoin HODLer count has significantly increased during this period. Since the start of last year, in particular, the indicator has seen exponential growth.
Following this sharp rise, the number of addresses carrying coins since at least one year ago has now broken the five million mark, a new record for the cryptocurrency.
Interestingly, while the LTHs have grown in number during this period, the cryptocurrency price has mostly struggled. This shows that despite the poor price action, there has been growing confidence among a subset of holders who believe that the asset would be a profitable investment in the long term.
This is naturally a positive development for the cryptocurrency, as more LTHs mean more supply that's locked inside the wallets of t...
|Long-Term Litecoin (LTC) Holders Count Hits 5 Million: Data
Despite a consistent drop in Litecoin's (LTC) price, the number of addresses holding the world's fifteenth-largest cryptocurrency for over 12 months has nearly doubled in the past year.
According to the crypto analytic platform IntoTheBlock, the number of long-term LTC holders has just hit five million this week, indicating 'growing confidence' in the asset.
Five million addresses maintaining LTC holdings for over a year marked a significant 96% increase from the 2.55 million addresses that held the altcoin for a year by August 2022.
Litecoin reached a major milestone this week. The number of long-term $LTC holders has just hit 5 million — signaling growing confidence in the asset.
— IntoTheBlock (@intotheblock) September 7, 2023
The 'HODLing' attitude from investors has been typically strong and can be evidenced by the fact that 13% of Litecoin's total supply remained untouched for five years, and market participants waited for the third halving event.
Ahead of the halving that cut miner rewards from 12.5 LTC to 6.25 LTC, Litecoin's search trend also hit a new yearly peak as social chatter around the crypto asset intensified.
While halvings are usually viewed as catalysts that could drive the native token of the network in the long term, Litecoin's price following the event, however, went south.
Since then, Litecoin has shed more than 32%, falling from $92 to the current value of $62. Nevertheless, the ...
|Litecoin Price Momentum: Will It Sustain Above The $63 Mark?
Litecoin (LTC) has found itself in a tight consolidation phase, firmly locked within the $60 to $70 range since mid-August. Despite several attempts to break above the $70 resistance level, bulls seem to be running low on aggressiveness.
As of the latest data from CoinGecko, LTC is trading at $62.99, reflecting a 1.8% decline over the past 24 hours and a seven-day slump of 3.1%.
In recent weeks, LTC bulls have diligently defended the August 2022 range-high of $63, preventing a drop below this crucial support level. However, their efforts to push the price beyond $70 have proved futile.
Litecoin Bulls Defend Key Levels But Face Technical Challenges
A closer look at the technical indicators reveals that the H12 bearish order book and the 50-day Exponential Moving Average (EMA) are posing significant challenges for the bulls.
Analysts believe that Litecoin could continue its consolidation above the $63 range-high in the coming hours or days. Still, the prevailing bearish pressure could hinder any substantial upward movement in the near term.
LTC's Struggle Amid Growing On-Chain Activity
Surprisingly, despite Litecoin's price consolidation, its on-chain data has shown increased activity in its ecosystem. According to a separate report, over the past four months, the share of Litecoin in global cryptocurrency payments has surged by an impressive 21%.
This suggests that despite the stagnant price, Litecoin remains a popular choice for transactions.
Sell Limit Orders ...
|Biggest Movers: LTC, BCH 5% Lower Following Friday's Payrolls
Litecoin was down by as much as 5% during Friday's session, as markets reacted to the nonfarm payrolls report from the United States. 187,000 jobs were added to the economy in August, compared to the revised sum of 157,000 in July. Bitcoin cash also slipped, extending recent losses.Litecoin (LTC)
Litecoin (LTC) was a notable mover in today's session, as the token fell by as much as 5% on Friday.
Following a peak at $67.41 on Thursday, LTC/USD dropped to an intraday low of $63.49 earlier in the day.
The move resulted in litecoin falling below a support point at $63.50, with bulls unable to prevent this breakout.
This decline comes as the 14-day relative strength index (RSI) retreated to a support point of its own at 30.00.
Price strength is generally overbought, which could be an overall positive for longer-term bulls, who are looking to capitalize on the current dip.
As of writing, the index is now tracking at 29.62, with LTC at $63.31.
Bitcoin Cash (BCH)
Bitcoin cash (BCH) was also trending lower today, as the price also plunged by over 5% earlier in the day.
After a recent three-day losing streak, BCH/USD dropped to an intraday low of $204.28 on Friday.
This comes following Thursday's peak at the $219.46 level, which was close to a ceiling of $225.00, which bulls were unable to penetrate earlier in the week.
Now that it appears that sentiment has shifted bearish, a target of $190.00 appears to be where sellers are hoping to exit.
In order to get there, they will need to ...
|Biggest Movers: LTC, ETC Rebound on Monday, Despite Bearish Sentiment
Litecoin was back in the green to start the week, despite the crypto market continuing to trend mostly lower. At the time of writing, the global market cap is down 0.59%, following a recent red wave. Ethereum classic also climbed higher on Monday, hitting a four-day high in the process.Litecoin (LTC)
Litecoin (LTC) rose for a third consecutive session on Monday, as the token continued to move away from a recent nine-month low.
Following a bottom at $64.33 on Sunday, LTC/USD jumped to an intraday peak of $66.70 earlier in the day.
LTC has mostly been in the green since falling to its lowest point since November, during last week's session.
As a result of recent bearish momentum, the 14-day relative strength index (RSI) dropped below the 20.00 mark.
Currently, the index is at a reading of 21.13, which is marginally below an upcoming resistance level of 23.00.
If litecoin were to break out of this level, the next price target will likely be $70.00.
Ethereum Classic (ETC)
Additionally, ethereum classic also moved higher to start the week, following a recent drop below a floor at $15.00.
ETC/USD rose to a high of $15.90 earlier in the day, which comes less than 24 hours after trading at a low of $15.38.
Today's peak sees ethereum classic trade at its highest point since last Thursday, when price was over $16.00.
Price strength on ETC is now hovering around 28.00, with a ceiling of 29.00 the next obstacle to overcome.
Should it rise beyond this hurdle, there is a good chance tha...
|Litecoin Price Prediction: LTC Faces Uphill Task Near $70
Litecoin price declined heavily below $80 and $70 against the US Dollar. LTC is attempting a recovery wave but upsides might be limited above $70.
Litecoin is correcting losses from the $56 support zone against the US Dollar. The price is now trading below $70 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $66.00 on the 4-hour chart of the LTC/USD pair (data feed from Kraken). The price could recover above $66 but the bears might remain active near $70. Litecoin Price Starts Recovery
This past week, there was a sharp decline in Bitcoin, Ethereum, Litecoin, and other altcoins against the US Dollar. LTC price formed a top near $85 before it started a fresh decline.
There was a sharp decline below $80 and $70. The price even declined below $60. It traded as low as $55.78 and recently started an upside correction. There was a minor increase above the $60 resistance level. The price climbed above the 23.6% Fib retracement level of the downward move from the $85.39 swing high to the $55.78 low.
Litecoin is now trading below $70 and the 100 simple moving average (4 hours). There is also a key bearish trend line forming with resistance near $66.00 on the 4-hour chart of the LTC/USD pair.
On the upside, immediate resistance is near the $66 zone. The next major resistance is near the $70 level. It is close to the 50% Fib retracement level of the downward move from the $85.39 swing high to the $55.78 low. If there is a clear ...
|Litecoin Price Plunges To Sub-$70 Territory – What Traders Should ...
Litecoin (LTC), the altcoin often dubbed as 'silver to Bitcoin's gold,' has found itself caught in the downward spiral of the cryptocurrency market, mirroring the struggles of its larger counterpart.
While LTC's association with Bitcoin has long been a double-edged sword, the recent price crash is putting on the spotlight the intricate interplay between these digital assets.
As Bitcoin (BTC) grapples with a precipitous decline, currently trading below $26,000, the impact reverberates across the broader crypto landscape. LTC, trading at $64.15 according to CoinGecko, has encountered a 1.5% drop over the last 24 hours, contributing to a week-long slump of 23.2%.
Litecoin Loses Grip On The $70 Handle
This downturn prompted a cascade of over $1 billion worth of position liquidations within a 24-hour window, a testament to the market's heightened volatility.
In the midst of intraday trading, Litecoin momentarily dipped to the $60 mark before staging a recovery. This decline has pushed LTC to year-to-date lows, ominously edging toward the lows witnessed in December 2022.
Yet, understanding the dynamics behind LTC's struggle requires delving into its intricate relationship with the alpha coin
Litecoin Price Dependence On Bitcoin
The intrinsic connection between Litecoin and Bitcoin has both bolstered and hampered LTC's journey. Historically positioned as a complementary alternative to Bitcoin, Litecoin carved its niche by embracing faster transaction speeds and a different min...
|BTC Slips Below $26K Again, LTC, SHIB, XRP Down 20% Weekly (Market Watch...
Bitcoin's troubles continue as the asset has returned below $26,000 after exceeding that level yesterday following the price flash crash.
Most altcoins have also seen daily declines, with ETH and BNB dropping by 1.5% once more.
BTC Still Below $26K
The primary cryptocurrency was stuck in a tight range between $29,200 and $29,500 for a week until a few days ago. It tried to break out toward $30,000 on Monday but was stopped in its tracks, and the subsequent rejection pushed it back south to around $29,000.
By Thursday, BTC had lost half a grand more, but the worst was yet to come. Speculations arose that SpaceX had disposed of its remaining bitcoin stash, and the asset reacted with an immediate price drop that drove it all the way down to $25,300 on several exchanges.
This became its lowest price tag in just over two months. BTC bounced off initially and reclaimed $26,000, but another 1-2% decline in the past 24 hours has pushed it to just under that level.
Its market cap is close to breaking below $500 billion, while its dominance over the alts is at 48.1%.
BTCUSD. Source: TradingView
Alts Tumble Weekly
Most alternative coins tumbled just as badly in the past few days, wiping more than $110 billion from the total market cap.
The past 24 hours have been less volatile, but still some of the largest are in the red today, including ETH and BNB. Both have declined by about 1.5% and sit at $1,660 and $215, respectively.
The situation is a lot worse on a weekly scale. XRP, SHIB, and...
|Litecoin Hash Rate Steady Despite Dismal Price Action: Will This Change?
One week after the highly anticipated Litecoin halving event on August 2, on-chain data reveals that the network's hash rate, a key measure of computing power channeled to the network, is steady but erratic.
As of August 9, trackers indicate that the Litecoin network's hash rate is hovering around 760 TH/s, a notable decrease from the all-time peak of 816 TH/s recorded in late July 2023.
Litecoin Prices Steady But Lower, Rally Incoming? Litecoin prices, on the other hand, are firm but down in the previous week of trading. CoinMarketCap data on August 9 shows that LTC is changing hands at $83, down 5% over the past week. What's clear is that prices are moving tightly inside a consolidation range.
Despite this dip, LTC is relatively resilient, up 17% from June 2023 lows. However, from a top-down preview, the coin is down 26% from the 2023 highs. In the medium term, LTC remains bullish since bears have failed to unwind gains posted from mid-June to mid-July 2023. Whether bulls will maintain control after halving, however, is also unclear.
If past performance guides, there is a glimmer of hope for bulls. The previous Litecoin halving in August 2019 was several months before LTC ripped to $400 in 2021. Even so, before this spike, LTC prices nearly halved from $66 to $35 in December 2019.
Unlike previous halvings, the crypto space has matured, and regulatory clarity has improved, particularly concerning Bitcoin—the foundational protocol from which Litecoin e...
|Litecoin Long-Term Holders Smartly Exited Before Halving, Data Shows
Data shows that Litecoin long-term holders exited the asset before the halving, while short-term holders were left to panic on the halving day. The 'halving' here refers to an event where the block rewards of Litecoin are permanently cut in half.
Litecoin Long-Term Holders Sold During Price Surge Before The Halving
According to data from the market intelligence platform IntoTheBlock, the long-term holders had been well-prepared for the 'sell the news' halving event. On the other hand, low values usually indicate that the short-term holders (STHs) are the ones selling currently.
Now, here is a chart that shows the trend in the Litecoin holding time of transacted coins over the past few months:
As you can see in the above graph, the Litecoin holding time of transacted coins spiked back in June, when the price of the cryptocurrency had been observing a sharp rally.
During the largest of these spikes, the indicator's value had exceeded 1 year, implying that some of the most experienced investors in the market had broken their silence.
This rally had occurred as the market had started getting hyped about the halving, which was only a month and a half away at that point.
This event takes place every four years, with the latest one having occurred just earlier this month. Unlike what some may have hoped for, the event didn't prove to be bullish for LTC, as the aforementioned rally didn't last for too long and the cryptocurrency only declined in the remaining leadup to the halving,...
|Can Litecoin Bulls Turn The Tide On Recent Declines? A Closer Look
Litecoin (LTC) has recently faced a period of bearish pressure that has taken a toll on its market performance. The months of July and August have witnessed a shift in sentiment, as bearish forces began to dominate the crypto market.
As of the latest update, LTC finds itself trading within a critical support zone, prompting discussions among traders and analysts about its potential trajectory.
With the value of LTC hovering just below the $80 mark, market observers are closely monitoring whether this level will hold against the prevailing bearish sentiment.
Litecoin Vital Support Zone Tested
A recent price analysis has underscored the significance of the $80 threshold, suggesting that a breach below this point could potentially trigger an extended downtrend for Litecoin.
The current market figures reflect a small 24-hour uptick of 0.2% and a seven-day decline of 8.5% with a current price of $82.57 on CoinGecko, painting a cautious picture for LTC's short-term performance.
The fluctuations in price during this period have sparked discussions about the factors contributing to Litecoin's recent struggles.
Halving Event And Its Impact
The crypto community is no stranger to the phenomenon of halving, an event embedded in the genes of cryptocurrencies like Litecoin. In 2019, Litecoin underwent its second halving, a pre-programmed event that occurs approximately every four years.
This event, characterized by a reduction in block rewards issued to miners, has historically ...
|Litecoin Hashrate Taps New All-Time High, Will LTC Price Follow Suit?
The Litecoin hashrate has been going up steadily over the last year. This was mainly driven by the anticipation leading up to the Litecoin halving that was slated to take place in August. Now that the halving event has come and gone, the hashrate has risen to a new all-time high, but the question is, whether the price of LTC will follow suit.
Litecoin Hashrate Taps New ATH Of 1.03 PH/s
The steady rise in the Litecoin hashrate is a testament to the growing interest in the network. The hashrate points to the fact that there are more miners on the blockchain trying to guess the correct answers to each block. And this translates to better security overall for the Litecoin network.
Interestingly, this increase in hashrate has seen the network hit not only a new all-time high but a significant milestone. According to data from CoinWarz, the Litecoin hashrate rose as high as 1.03 pentahashes per second (PH/s) on August 4.
This means that for the first time, LTC’s hashrate has left the terahashes per second (TH/s) territory and crossed into the pentahashes per second (PH/s) territory. Although it is still a long way from Bitcoin’s exahashes per second (EH/s), it is a testament to how much the Litecoin network has grown.
The Litecoin hashrate has since retraced back into the TH/s territory, now sitting at 739.88 TH/s as of Monday, August 7. But a look over the last year’s hashrate chart shows that even this is a high level for the blockchain’s hashrate.
|Litecoin Undergoes 3rd Halving but LTC Plunges 6%: Why?
Litecoin - one of the oldest blockchain protocols - completed the third halving in its history on August 2. The event, which occurs every four years, cut the miners' awards in half: from 12.5 LTC to 6.25 LTC.
Halvings are usually seen as catalysts that could propel price increases for the native token of the network in the long term. However, LTC headed in the opposite direction hours after the event, currently trading at approximately $86.80 (6% less than yesterday's valuation).
The team behind the protocol announced the news on Twitter. The event took place when the network reached block height 2,520,000.
LITECOIN HAS SUCCESSFULLY HALVED ITS BLOCK REWARD!
— Litecoin (@litecoin) August 2, 2023
Created by Charlie Lee in 2011, Litecoin is among the first blockchain protocols. In technical details, its main characteristics are akin to Bitcoin. The leading blockchain protocol is often compared to 'digital gold,' whereas Litecoin has earned the nickname 'digital silver' due to its underlying similarities with the former.
As a result of the latest halving, the award for miners that process transactions and secure the network of Litecoin was cut in half to 6.25 LTC.
The blockchain protocol has a fixed supply cap of 84 million coins ever to exist.
Despite those long-term expectations, the price of the native asset of the network slumped in the hours after the disclosure.
Currently, it trades at almost $87 (a 6% decrease from yesterday's va...
|Litecoin Completes Halving, But Price Plunges 6%
Litecoin has completed its much-anticipated halving event today, but it seems the investors have reacted by participating in a selloff.
Litecoin Has Completed Its Third Halving, Block Rewards Now Down To 6.25 LTC
The 'halving' event is where LTC's block rewards are permanently cut in half. This event is periodic, occurring approximately every four years or roughly every 840,000 blocks miners hash.
Today's halving was Litecoin's third, meaning its block rewards have been cut three times since its genesis. In the first halving, the cryptocurrency saw its block rewards go from an initial 50 LTC to 25 LTC, and with the second, the tips dropped further to 12.5 LTC.
With the latest halving event, miners' rewards for solving blocks have been cut down further to 6.25 LTC. The reason that halvings even exist is because they serve as a measure for controlling the asset's inflation.
These block rewards that miners receive are the only way to introduce fresh tokens into the circulating supply, so cutting them down repeatedly makes sure that the cryptocurrency's supply goes up slower and slower.
Eventually, when the halvings would keep on happening, the block rewards would approach zero. This would occur approximately in 2142. After this point, the asset's supply will hit the maximum cap, and the miners will have to rely on transaction fees to pay off their running costs.
As halvings are important events, it's natural that there has been a lot of discussion around this latest event as it ...
|KuCoin Shuts Down Bitcoin And Litecoin Mining Pools Amid Market Turmoil
KuCoin, one of the world's largest cryptocurrency exchanges, has temporarily halted its KuCoin Pool service, effective August 15, 2023, until further notice. The move is part of KuCoin's business strategy and aims to ensure the security and integrity of users' assets.
KuCoin Urges Users To Backup Mining Records
During the suspension, users will retain complete access and control over their assets, and all other KuCoin offerings will remain operational as usual.
However, users who are involved in cryptocurrency mining are advised to transition their Bitcoin (BTC) and Litecoin (LTC) miners to alternative mining pools before the deadline to ensure uninterrupted earnings.
KuCoin has also advised users to back up and preserve their mining records and associated data before August 27, 2023, as failure to migrate to alternative mining pools within the specified timeline could affect their mining revenue.
Nevertheless, KuCoin Pool will not be held accountable for any potential earnings lapses resulting from users' failure to migrate to alternative pools.
The temporary suspension of KuCoin's mining pools may cause some disruption in the crypto market, as mining plays an important role in the ecosystem. Despite this, it is worth noting that KuCoin is just one exchange, and its suspension may not have a significant impact on the overall market.
KuCoin has assured its users that the suspension is temporary, and the company is working on a new strategy for its mining poo...
|Litecoin Completes Third Block Reward Halving, Cutting Rewards to 6.25 L...
The Litecoin (LTC) network has officially experienced its third block reward halving at block height 2,520,000, with LTC rewards diminishing from 12.5 LTC to 6.25 LTC. Thus far, the halving has not propelled LTC prices upwards as market data reveals LTC has declined over 4% in the past 24 hours.Halving Unshaken: Litecoin Network Sees Third Reduction in Rewards
On August 2, 2023, the Litecoin (LTC) blockchain documented its third block reward halving. Litecoin's first halving transpired on August 25, 2015, at block height 840,000, and the second occurred on August 5, 2019, at block height 1,680,000.
The most recent reward halving, happening at block height 2,520,000, has reduced the reward from 12.5 LTC to 6.25 LTC. Prior to this halving event, LTC miners generated 7,200 new LTC units each day; that rate has now fallen to 3,600.
LTC prices have decreased by over 4%, but they remained stable with a minor 0.2% increase throughout the previous week. At that point in time, LTC miners received roughly $656,919 daily in LTC rewards; this figure has now been cut to $331,946.
The data undeniably demonstrates that LTC miners faced a considerable loss in revenue following the automated halving completion. Litecoin's annual inflation rate has plunged from 3.64% to the present figure of 1.80%; by the next halving event, it is expected to decline further to 0.84%.
Litecoin's current annual inflation rate is marginally higher than Bitcoin's rate of 1.70%. However, Bitcoin's inflation rate ...
|Sell The News? Litecoin Traders Capitulate Ahead Of Today's Halving
On-chain data shows that Litecoin traders are showing signs of capitulation as the asset's much-anticipated halving event is only a few hours away now.
Is Litecoin Halving A Buy The Rumor, Sell The News Event? The 'halving' here refers to a periodic event where Litecoin's block rewards (that is, rewards that miners receive for mining blocks) are permanently cut down in half.
This event takes place approximately every four years and the next one, which would be the third, is scheduled to happen in around five hours if data from the mining platform NiceHash is to go by.
This third halving event will reduce the cryptocurrency's block rewards from 12.5 LTC to 6.25 LTC. Historically, these events have been important for the asset, as they mark points where the cryptocurrency's production rate (which is nothing but the block rewards, as miners releasing these coins is the only way to mint new LTC) shrinks, and hence, the coin becomes more scarce.
As these halving events are so significant, the market naturally speculates around them, leading to the coin experiencing volatility. In a new tweet, the on-chain analytics firm Santiment has revealed how the traders have been behaving in anticipation of today's Litecoin halving.
In the above graph, Santiment has attached the data of two metrics related to LTC: 'social dominance' and the 'ratio of on-chain transaction volume in profit to loss.'
The former of these tells us what percentage of discussion on social media related...