Author: Scott Matherson
United Kingdom Source: NewsBTC
Sep 06, 2024 12:05

Litecoin Looks Poised To Explode As Grayscale Buys 10,000 LTC

Litecoin (LTC) is set to enjoy a significant price increase due to massive buying pressure from institutional investors like Grayscale. A recent analysis by crypto analyst 28 Crypto also showed that Litecoin is poised to enjoy significant price gains.  Grayscale Adds 10,000 LTC To Its Portfolio In an X (formerly Twitter) post, crypto commentator Bamboo shared data from the crypto data analysis platform Coinglass, showing that Grayscale had recently added 10,000 LTC to their portfolio. Further data from Coinglass showed that the asset manager now holds 1.86 million LTC ($122 million).  In line with this development, Bamboo urged the crypto community to start paying attention to Litecoin before max pain kicks in and [the] price shoots up and prices them all out. The crypto analyst added that Litecoin would likely usher in a rally for the crypto market as it has done in the past.   Related Reading: Bitcoin Short-Term Holder Behavior Reminiscent Of 2019 As BTC Remains Below $60,000 It is worth mentioning that Grayscales Litecoin holdings are the underlying assets for its Grayscale Litecoin Trust (LTCN), which offers institutional investors exposure to the crypto asset. As such, the increase in Grasycales Litecoin holdings indicates there is an increased demand for the crypto among institutional investors.  This is undoubtedly bullish for Litecoin, considering the impact the increased demand for the crypto among institutional investors can have on its price. Moreover, the existence of closed-end funds like LTCN, which offers institutional investors, could eventually pave the way for the launch of a Spot Litecoin ETF, ultimately causing more liquidity to flow into the Litecoin ecosystem.  Meanwhile, data from the market intelligence platform IntoTheBlock shows that other Litecoin whales besides Grayscale are accumulating the crypto. There has been a notable surge in the number of LTC coins held by these whales. Furthermore, investors who hold between 0.1% and 1% of Litecoins circulating supply have also increased their holdings in the last thirty days.  Litecoin Price Is Set To Witness A Breakout Crypto analyst, 28 Crypto, revealed in an X post that Litecoin is breaking out against Bitcoin on the daily time frame. The crypto analyst noted how bullish this is for Litecoin, considering that it has experienced a very long downtrend against Bitcoin.  In response to a follower, the crypto analyst also mentioned that a breakout on the weekly time frame is also coming and asserted that Litecoin will rise higher than they can imagine. Interestingly, 28 Crypto has earlier stated that Litecoin will outperform all major cap coins including Bitcoin and Ethereum.  Related Reading: Crypto Analyst Says The Bitcoin Summer Chop Is Nearing Its End, Heres Why Crypto analyst Joao Devesa provided insights into how high Litecoin will rise if it achieves a successful breakout, stating that it will rise to $100. The last time Litecoin reached that price level was in April earlier this year when it hit $103.  At the time of writing, Litecoin is trading at around $67, up over 1% in the last 24 hours, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com

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Author: Aishwarya shashikumar
Estonia Source: TronWeekly
Oct 01, 2024 02:30

Litecoin Miners Earn 3X Rewards with New Binance Pool Feature

Binance Pool has launched a new feature for Litecoin (LTC) miners. Merged mining with Bellscoin (BEL). By joining, miners can earn rewards in Litecoin, Dogecoin (DOGE), and BEL. While BEL is not listed on Binance, this marks a key moment for the asset, created by Billy Markus, the same person behind Dogecoin. Bellscoin was created […]

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Hong Kong Source: Blockchain News
Oct 01, 2024 02:15

Binance Pool Introduces Merged Mining for LTC, DOGE, and Bellscoin (BEL)


Binance Pool now supports merged mining for Litecoin (LTC), offering rewards in LTC, Dogecoin (DOGE), and Bellscoin (BEL). (Read More)

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Hong Kong Source: Blockchain News
Oct 01, 2024 02:15

Binance Pool Introduces Merged Mining for LTC with Rewards in LTC, DOGE, and BEL


Binance Pool launches Bellscoin (BEL) merged mining, allowing users to mine Litecoin (LTC) and earn rewards in LTC, Dogecoin (DOGE), and BEL. (Read More)

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Author: Prasanna Peshkar
Germany Source: CryptoTicker
Sep 28, 2024 02:25

Litecoin (LTC) Price is Rising: What's Ahead?

Litecoin's recent price surge has caught the attention of investors, sparking optimism about its potential to bounce back and reach the $76 mark

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Author: Lipika Deka
Estonia Source: TronWeekly
Sep 25, 2024 02:30

Litecoins Big Moment Looms Near $110 Resistance

Litecoin [LTC] is poised for a significant breakout, with analysts closely monitoring its performance around the crucial $110 resistance level. For the past two years, the leading altcoin has been unable to decisively push past this barrier, but recent price movement suggests that it may be on the cusp of breaking through. Market analysts have […]

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Author: Vignesh Karunanidhi
United States Source: CryptoNewsZ
Sep 24, 2024 03:00

Litecoin Hits Milestone: 75 Million LTC Now in Circulation

Litecoin, often dubbed the “silver to Bitcoin’s gold,” has just crossed a major threshold. The cryptocurrency’s circulating supply…

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Author: Azeez Mustapha
United Kingdom Source: InsideBitcoins.com
Sep 24, 2024 01:50

Litecoin Price Prediction for Today, September 22 LTC Technical Analysis

The Litecoin price prediction shows that LTC is recovering from the daily opening price at the $7.40 level as the price heads to the upside. [...]

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Author: Akash Anand
Estonia Source: TronWeekly
Sep 16, 2024 02:30

Litecoin (LTC) And Chainlink (LINK) Fall Behind As ETFSwap (ETFS) Dominates Crypto Investors Attention

While Litecoin (LTC) and Chainlink (LINK) have struggled to gain momentum, with their prices fluctuating and no clear bullish trend in sight, a new player is capturing the spotlight. ETFSwap (ETFS) is rapidly gaining the attention of crypto investors, standing out as the hot contender in a market searching for strong performers. ETFSwap (ETFS) Exerts […]

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Author: Cointelegraph by Rakesh Upadhyay
United States Source: Cointelegraph.com News
Sep 02, 2024 12:00

Bitcoin is capped at $60K, but LTC, FET, MNT and AAVE show promise

Traders could be waiting for Bitcoin to bounce off the $55,724 support opening positions in LTC, FET, MNT and AAVE.

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Author: Michael Fasogbon
United States Source: NullTX
Aug 10, 2024 03:05

LITECOIN PRICE ANALYSIS & PREDICTION (August 9) LTC Pauses Buying at $62, Can It Sustain Pressure Above This Level?

Litecoin joined other top coins in the recent increase but it has slowed down buying today after facing a key level. While it appears weak, the asset may resume bearish momentum if the supply level increases. Last months trading was a bit relieving due to a slight break in selling […]

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Author: Chayanika Deka
Bulgaria Source: CryptoPotato
Aug 06, 2024 01:00

Crypto Investment Products Saw Outflows of $528M Weekly as US Recession Fears Grow: CoinShares

Digital asset investment products saw $528 million in outflows over the past week, amidst US recession fears and market sell-offs.

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Author: Michael Fasogbon
United States Source: NullTX
Aug 05, 2024 03:05

LITECOIN PRICE ANALYSIS & PREDICTION (August 4) LTC Sees 2% Recovery But Daily Bias Remains Bearish, Where Next?

Litecoin saw a notable 10% weekly drop in the latest dip and lost a key level. While the trend looks highly bearish on the daily chart, it has seen a slight increase in the past hour. Last week was a bit calm for Litecoin as it stayed in a consolidation […]

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Author: Michael Fasogbon
United States Source: NullTX
Sep 02, 2024 03:05

LITECOIN PRICE ANALYSIS & PREDICTION (August 31) LTC Foots A Bullish Move Amid Market Falls, Will It Reclaim $70?

Amid recent price falls, Litecoin regained strength after locating support this week. This puts the asset in a 4% gain with a traded volume of $331 million in the last 24 hours. Still, it remains bearish on the mid-term. Two weeks ago, Litecoin rejected the $70 level after recovering nicely […]

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Author: NewsBTC
United Kingdom Source: Crypto Breaking News
Aug 28, 2024 05:50

Litecoin Sees Sudden Exodus Of Retail Investors: Why This Can Be Bullish

On-chain data shows Litecoin has recently seen a sudden exit of small hands, which can favor LTC’s price. Small Litecoin Investors Have Been Displaying FUD Recently In a new post on X, the on-chain analytics firm Santiment discussed the latest shift in Litecoin’s userbase. A couple of relevant indicators are relevant here: Total Amount of [...]

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Author: Chayanika Deka
Bulgaria Source: CryptoPotato
Aug 28, 2024 01:00

Small Litecoin (LTC) Fishes Are Jumping Ship, Heres What it Means

The exodus of small-scale Litecoin holders may signal a bullish turnaround.

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Author: Chayanika Deka
Bulgaria Source: CryptoPotato
Aug 27, 2024 01:00

Bitcoin Leads with $543M in Inflows Amid Powells Jackson Hole Comments

Ethereum uniquely suffered $36 million in outflows, standing out as the week's sole outlier.

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Author: Michael Fasogbon
United States Source: NullTX
Aug 25, 2024 03:05

LITECOIN PRICE ANALYSIS & PREDICTION (August 24) LTC Faces Resistance Amid Fresh Buy, Will It Break Through?

Following a slight pullback this week, Litecoin found support nearby and resumed buying pressure but is now facing small hurdles at a key resistance level, where the next major move is likely to take place. Litecoin has recovered nicely from the recent dip and is now footing a bullish move […]

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Author: Ibrahim Ajibade
United States Source: The Crypto Basic
Aug 23, 2024 03:35

Litecoin Price Prediction: Heres Why LTC Price Failed to Reach $70 in August

Litecoin price fell below $63 on August 22, 2024, down 8% amid four consecutive losing days. On-chain data highlights profit-taking…

The post Litecoin Price Prediction: Heres Why LTC Price Failed to Reach $70 in August first appeared on The Crypto Basic.

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Author: Ibrahim Ajibade
United States Source: The Crypto Basic
Aug 21, 2024 03:35

Litecoin Price Prediction: LTC Hits $97M Roadblock After $65 Breakout

Litecoin price hit a 14-day peak of $68 on Aug 18, reflecting a 37% rebound since the monthly time frame…

The post Litecoin Price Prediction: LTC Hits $97M Roadblock After $65 Breakout first appeared on The Crypto Basic.

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