Litecoin (LTC)

Litecoin [LTC] To Encounter A Small Blip Before Its Big Breakout

April 17, 2021 by Sahana Kiran

The entire crypto market was painted green. However, Litecoin [LTC], Bitcoin Cash [BCH] as well as Polkadot [DOT] were the only ones that were making the most of the ongoing bullish trend. The overall global crypto market cap was slipping down as it was noted at $2.21 trillion. Bitcoin [BTC] was trying to climb back onto $62K, despite its dainty price change in the last 24-hours.

Litecoin [LTC], despite being one of the earliest coins in the industry was seen all the way down at the ninth position. The altcoin’s market cap was noted at $20.57 billion, which was preceded by several other coins like Dogecoin [DOGE], Polkadot [DOT], and even Cardano [ADA]. The price of the altcoin was seen moving on the right track. During the time of writing, LTC was trading for $308.81. While its all-time high remains at $375.29, the persistence of the ongoing trend could restore hope in the community. Additionally, LTC was seen bagging gains of over 12% in the last 24-hours.

Litecoin [LTC] One-Hour Price Chart On Binance

The short-term price chart of LTC revealed that the altcoin could be enduring a small blip. The MACD line slowly subsided below the signal line further forming a bearish crossover. The Klinger Oscillator mirrored this and also went on to form a similar crossover. The Money Flow Index indicator, however, pointed out a buyers’ sentiment in the LTC market.

Litecoin [LTC] One-Day Price Chart On Binance

The one-day price chart of LTC seemed to be promising. The Bollinger Bands were wide apart which further prompted the indicator to suggest an increase in volatility in the LTC market. The Awesome Oscillator affirmed that this surge in the volatility could be beneficial for the altcoin as the indicator went on to form green closing bars. Furthermore, the Relative Strength Index indicator inclined towards a buyers’ market as its marker was up by the overbought zone.

Litecoin [LTC] Slides Below $200 As Sellers Exit Positions On Rallies

March 18, 2021 by Chayanika Deka

Litecoin’s [LTC] tryst above $200 was short-lived, as the altcoin settled below following a fresh wave of correction on the 17th of March. The crypto-asset has managed to hold its fort among the top 10 coins in the leaderboard despite tumbling down to the ninth-spot.

Litecoin was in a highly volatile phase making the market more prone to selling pressure. Its price was turned down at multiple resistance levels. Over the past 24-hours, the crypto-asset was down by 1.12% which drove it to $197.9. In addition, LTC held a market cap of $13.16 billion and a 24-hour trading volume of $4.4 billion.

Litecoin [LTC] Daily Chart:

Litecoin has withdrawn from yet another critical resistance point after forming a lower top depicting a profit-taking sentiment by the investors at the level. This essentially means that these entities were clearly exiting their positions at times of spikes.

Besides, the candlesticks are now closing in on the 50 DMA [Pink]. It is important for the LTC candles to manage to stay afloat above the moving average to target higher levels in the coming days. The 100 DMA [Blue], on the other hand, remained below the Litecoin candlestick arrangement as well as the 50 DMA.

The technicals posted a contradictory picture for the altcoin.

The red closing bars of Awesome Oscillator flipped to bearish momentum following the market-wide pullback. The Chaikin Money Flow [CMF], however, noted a fresh uptick suggesting an inflow of capital as the crypto-asset made a bearish retreat close to a key support level.

The RSI, remained consistent with the token’s price action and slid down near to the 50-median line after forming a lower high. This indicated that despite the downward pressure, the bulls have managed to defend the crypto-asset’s price in the buy territory.

This, however, does not invalidate the volatility which could potentially push the value of LTC lower in the short-term thus reactivate the sell-pressure in the market.

The bears are trying to pull the price to retest lower level, in which case, support points such as $177 and $155 could be tested. If the price momentum switches in favor of the bulls, the resistance levels to look out for were $200, $226 and $256 respectively.

Litecoin [LTC] To Smoothly Surf Beyond $250 As Bulls Take Shelter

March 13, 2021 by Sahana Kiran

The crypto market was sheltering both the bears as well as the bulls. While coins like Litecoin [LTC] and Uniswap [UNI] were headed upwards, others like XRP, Binance coin [BNB], Chainlink [LINK] were enduring a slump. The overall crypto market cap was noted at a high of $1.71 trillion.

Litecoin had finally figured out a way back over $200. At the time of writing, LTC was trading for $217.73 with a 5.10% rise in the last 24-hours. This entire week seemed beneficial for the altcoin as it secured profits of over 20%. The asset managed to retain itself in the top ten as its market cap was noted at $14.44 billion.

Litecoin [LTC] One-Hour Price Chart On Coinbase

Both the bulls and the bears were putting on a show in the short-term price chart of LTC. The Parabolic SAR indicator revealed had persisted its bullish pattern throughout the last few days. The dotted lines below the candlesticks acted as a line of support against any potential downfalls. While this sentiment could help the coin hit $250, the MACD indicator was saying otherwise. The MACD line was below the signal line going in for a bearish crossover.

The Relative Strength Index indicator was up by the 60 median which suggested a buyers’ market in the LTC market.

Litecoin [LTC] One-Day Price Chart On Coinbase

The bulls were swimming in the one-day price chart of Litecoin. The Awesome Oscillator had laid out dainty green closing bars. This further affirmed a bullish sentiment in the LTC market. The Chaikin Money Flow indicator was also delivering a bullish momentum with its marker over zero. Furthermore, all these signs suggested that LTC was heading towards $250.

The Money Flow Index indicator was exerting a buyers’ sentiment as the marker was over 60 median.

The short-term and the long-term charts of Litecoin pointed out that the bulls were in the market. However, the slight presence of the bears in the one-hour price chart could waver this growth.

Google Finance Adds ‘Crypto’ Tab featuring Bitcoin, Litecoin, Ethereum, Bitcoin Cash

March 2, 2021 by Chayanika Deka

Times are definitely changing for Bitcoin and the crypto industry as the bull market continued to heat up.

Crypto has been in the limelight for quite some time. But thanks to the massive institutional capital, the space has finally received the much-needed legitimacy. In the latest development, Google Finance has added a crypto-dedicated field.

Google Finance is essentially a data site maintained by the tech giant, hence this development is crucial for the digital currency ecosystem. This was first reported by ‘Documenting Bitcoin’ which also revealed that the ‘crypto’ is placed right at the top of the page among five default markets such as the US, Europe, Asia, and Currencies.

Here, the users of the platform can compare the aforementioned markets. The tool offers a rundown of real-time as well as historical data for Bitcoin [BTC], Ether [ETH], Litecoin [LTC] and Bitcoin Cash [BCH] with just a click.

However, the information for other top cryptocurrencies such as Cardano [ADA], XRP, Binance Coin [BNB], Polkadot [DOT] was not available yet on Google Finance’s website.

The latest move by the website which focuses on business news and financial information hosted by Google is no less than a milestone. It is indicative of the industry’s growing mainstream presence and demand for the latest information on the top coins in the market.

Crypto has come a long way

The industry has now entered mainstream usage. It is important to note that Google’s parent, Alphabet, owns one of the world’s most famous platform YouTube.

This video streaming platform had previously come under severe criticisms for banning virtual currency-focussed educational and news content. Several channels of prominent news platforms have been subjected to suspensions that have subsequently.

However, Google Finance’s move to enable users track the performance of various cryptocurrencies is a positive step as the asset class continued to witness massive investments from big institutional players and corporations.

Litecoin [LTC] And Binance Coin [BNB] Tussle To Hit $300 First

February 19, 2021 by Sahana Kiran

Just as Bitcoin [BTC] came close to hitting $53K, all the other assets mirrored a similar trend. Litecoin [LTC], as well as Binance coin [BNB], were seen moving past $200 after quite a while. As Litecoin was trying to get close to its previous all-time high of $375, Binance coin was seen driving towards $300.

While all other assets were seen aiding the growth of the overall crypto market cap, Litecoin was seen trying hard to climb up the crypto ladder. The digital silver, LTC was seen occupying the eighth place with a market cap of $15.41 billion. At press time, LTC was trading at $232.43 with a dainty price change in the last 24-hours. Over the last seven days, LTC had garnered up to 25% gains helping the asset reach a high of $238.

LTC/USD One-Day Price Chart On Binance

The one-day price chart of Litecoin exerted a bullish notion. The Parabolic SAR indicator with dotted lines below the candlesticks affirmed that the bulls were in the market. The MACD line had preceded above the signal line during the start of this month and this trend seemed to have prolonged. The Relative Strength Index indicator had been exhibiting a buyers’ sentiment throughout the month. At press time, LTC was seen up in the overbought zone.

BNB/USD One-Day Price Chart On Binance

Binance coin [BNB] had recorded an exceptional surge in the last couple of days. While the coin’s market cap hit $40 billion and took over as the third-largest cryptocurrency. At press time, BNB was surging by over 43% pushing the price of the asset to a high of $263.43.

BNB was seen steering towards $300 and the bulls were seen supporting the altcoin. The Awesome Oscillator was seen laying out green closing bars suggesting the presence of bulls in the market. The Bollinger Bands indicator had diverging bands which suggested fluctuations in the altcoin’s price. The Money Flow Index indicator announced that BNB was being overbought.

Both LTC, as well as BNB, was seen over $200. While both these assets were aiming at $300, the question lies in which coin could hit the number first.

Litecoin [LTC] Could Be Aiming For $250 As Bulls Aid This Journey

February 17, 2021 by Sahana Kiran

The bulls were seen raging the crypto market. Bitcoin (BTC) as well as Litecoin (LTC) the oldest assets were seen taking charge and spearheading the bull run. Both these assets struggled long and hard to move past prominent lines it resistance. the market cap of the industry was seen pushing past a high of $1.50 trillion. Bitcoin was undoubtedly accounting for most of it. At press time, BTC’s market cap stood at $913 billion, still ahead of Tesla and Facebook.

XRP on the other hand seemed to have given up its spot as the fourth-largest cryptocurrency. Cardano (ADA) took over the altcoin’s fourth position, whereas Polkadot (DOT) captured the fifth position. Binance Coin (BNB) seemed to be the next in line to precede the troubled coin.

Litecoin (LTC) was standing as the seventh-largest crypto asset with its market cap of $14.13 billion. At the time of writing, LTC was trading for a whopping $212.47. The altcoin’s push beyond $200 had been pursued a while now by the LTC community. Things seemed to be bright in the LTC market as the altcoin was surging over 7% in the last 24 hours. However, the question lies in the persistence of this trend.

Litecoin [LTC] Three-Hour Price Chart

The three-hour price chart of LTC suggested that the bears could hinder the altcoin’s growth in the short term. The Bollinger Bands indicator revealed that there would be limited volatility in the LTC market as the bands were diverging, The MACD line was below the signal line which announced the presence of bears. The Stochastic RSI indicator was seen exhibiting a buyers’ notion.

Litecoin [LTC] One-Day Price Chart

The one-day price chart of LTC suggested that the bulls were still in the LTC market. The Parabolic SAR indicator with dotted lines below the candlesticks was seen holding the asset from plummeting below $200. The Awesome Oscillator had laid out green closing bars which pointed out at a bullish momentum. The Money Flow Index indicator was seen in the buyers’ arena.

Will The Bulls Help Litecoin [LTC] Hit $200?

February 4, 2021 by Sahana Kiran

It seemed like the crypto market was mirroring yesterday’s trend. Litecoin [LTC], Chainlink [LINK], and several assets were seen riding the bulls, but XRP was the only one among the top assets that were plummeting. Bitcoin was finally seen trekking uphill as its price was noted at $36,254 with a 3.10% daily increase. Polkadot [DOT] was once again proving that new coins can make it big. The altcoin had surged past $18 while it retained its position as the fifth-largest coin. After bagging gains of over 22% over the week, BNB decided to take it slow as the coin was dropping by 3% during press time.

Litecoin [LTC] has been performing exceptionally. But the coin failed to even go close to its all-time high of $375.29, which it achieved about three years ago. During the time of writing, LTC was trading at $151.51 with a daily rise of 7.71%. Litecoin secured a place as the seventh-largest coin and prolonged its stay there.

Litecoin [LTC] Four-Hour Price Chart

Litecoin still has a long way to its all-time high. However, the bulls were taking over the LTC market. The Bollinger Bands indicator was diverging which indicated major fluctuations in the price of LTC. The MACD indicator had entered into the bullish arena during the beginning of the month. The MACD line was miles apart from the signal line which suggested that LTC could prolong the bullish trend. The Chaikin Money Flow indicator was way above zero pointing out the presence of bulls.

Litecoin [LTC] Exhibits Buyers’ Notion

Buyers’ sentiment was high in the LTC market on Binance. The Money Flow Index indicator was seen recovering from the overbought zone. The Relative Strength Index also manifested a similar notion and revealed a strong bullish predilection.

The digital silver was enjoying a stay in the bullish arena. This trend would further push the altcoin to steer towards the $200 zone.

Is Litecoin [LTC] Looking To Restore Its Uptrend?

February 3, 2021 by Chayanika Deka

Litecoin has kept a low-profile in the latest altcoin rush. While maintaining its position in the 7th spot, the silver crypto-asset has noted surged by nearly 16% and was found to be trading at $150.5 at press time.

Despite being a weak performer, Litecoin appears to flip fundamentals positive as market participants instilled confidence in it. According to the blockchain intelligence platform, Glassnode, the number of new addresses [7d MA] just reached a whopping 2-year high of 3,398.101.

Back in December, Litecoin posted some handsome gains which catapulted the cryptocurrency to hop onto the third spot with respect to crypto holding by Grayscale Investments, the world’s leading crypto asset management.

Following this, the cryptocurrency went on to outpace several coins in the way and took over the position of 4th spot by market cap in the cryptocurrency ladder. However, its dull price action starting the second week of January, caused it to slide three ranks below.

But the above chart depicted a shift towards a more optimistic outlook as the coin began to post substantial gains amidst a renewed market-wide push. Besides, the number of daily transactions on the Litecoin blockchain has also noted an uptick.

According to BitInfoCharts, Litecoin’s hash rate has also surged back to levels last seen in October 2020 which signified greater security in the network and its overall resistance to attack. Alongside, the mining difficulty has also climbed steadily.

MimbleWimble For Litecoin

David Burkett, the developer in charge of the Litecoin-MimbleWimble privacy integration recently disclosed that major progress in terms of implementation has been made, and the initial code will be complete and ready for review on the 15th of March this year. Burkett added,

“There are still a ton of ways we can (and will) continue to improve the MWEB code, in particular around syncing, but most of what remains is not required for the initial launch.”

TWJ had previously reported that the MimbleWimble testnet was on track to launch by the end of this September.

Litecoin [LTC] To Prolong Its Upward Trajectory Following A 10% Daily Surge

January 19, 2021 by Sahana Kiran

Litecoin [LTC] had a steep fall in terms of market cap as several coins overhauled the digital silver. LTC now stands at the seventh largest coin. XRP’s squabble with the SEC led to LTC taking over as the fourth largest coin for a while. However, Polkadot [DOT] climbed up the ladder and made it to the top as its market cap surged past $15 billion. While the global crypto market cap currently resides at $1.03 trillion, LTC accounted for $10.4 billion of the total market cap.

The crypto rally posed as a bridge that aided digital assets in hitting an all-time high. LTC HODLers hoped for the asset to breach its all-time high of $375.29. However, LTC failed to make it to $200. The digital silver was priced at $157.63 with a 12.76% surge over the last 24-hours, at press time. The daily volume was at $8,046,115,141 with LTC/USDT trading pair on Binance valuing for most of the volume.

Litecoin [LTC] One Hour Price Chart On Coinbase

The volume in the LTC market on the cryptocurrency exchange, Coinbase was higher than usual in the past two days. The Bollinger Bands indicator used on the one-hour price chart of LTC was seen diverging after days of staying tight. This further implied that the altcoin could possibly experience fluctuations in its price. A bullish sentiment was spectated in the market as the daily moving average indicator intertwined to form a bullish crossover.

Litecoin [LTC] Price Chart With Indicators

The bulls were in the LTC market. affirmed a few other indicators. The MACD line advanced its stay above the signal line forming a bullish crossover. A buyer’s notion was attested by the Money Flow Index as the MFI marker was above the 70 median.

LTC bagged in immense gains over the day and the indicators asserted that it would continue doing so. This upward trajectory could aid the coin’s journey to $200.

Litecoin’s [LTC] Buying Volumes Intact Despite Dull Price Action

January 16, 2021 by Chayanika Deka

Litecoin [LTC] has been in a consolidation phase currently. The token has felt significant pressure owing to the market downside fell close to its crucial support region. However, the latest plunge by the market was a healthy market correction rather than a crash, as several tokens started their recovery shortly thereafter.

As for the broader cryptocurrency market, the figures jumped back to $1 trillion as Bitcoin and the altcoin bunch geared up for a fresh rally.

Litecoin [LTC] has been oscillating within a rangebound of $120 -$180 for the past couple of weeks. Despite a bullish start to the day, it was down by 4.61% over the past 24-hours and was currently trading at a price of $142.03. Furthermore, the crypto-asset registered a market cap of $9.45 billion and a 24-hour trading volume of $8.17 billion, at the time of writing.