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Litecoin price has stagnated around the $80 mark since the start of May 2024 despite positive sentiment surrounding the broader…
The post Litecoin Price Forecast: What Next For LTC as Bulls Hold $80 Support first appeared on The Crypto Basic.
Litecoin price has tumbled 8% in the last 10 days as it fell to a daily timeframe low of $82.57…
The post Litecoin Price Eyes $90 Rebound as Investors Open 300,000 New LTC Wallets first appeared on The Crypto Basic.
Litecoin price opened trading at $85 on May 23, reflecting a 4% upswing within the weekly timeframe: despite bearish headwinds…
The post Litecoin Price Could Hit $100 as Miners Acquire 120,000 LTC after Ethereum ETF Approval first appeared on The Crypto Basic.
Litecoin is holding steady at a critical level after a strong 69% surge in the past month, riding the wave of broader market momentum. As Bitcoin flirts with its all-time high, analysts are closely watching LTC for signs of a potential breakout or breakdown. The current price action shows consolidation near a crucial demand zone, which has historically served as a pivot for Litecoins major moves. Related Reading: Range-Bound Ethereum Sees Volatility High Timeframe Levels Hold The Key While bullish sentiment is building across the crypto market, not all analysts are convinced. Some warn that if Bitcoin fails to break into price discovery and the broader market stalls, Litecoin could face renewed selling pressure. However, top analyst Carl Runefelt remains optimistic, sharing a technical view that suggests Litecoin is forming a bullish flag pattern on the charta structure that often precedes strong upward continuation. Runefelts target points to a breakout above the current range, supported by healthy market structure and recent gains. Still, the coming days will determine whether LTC follows through with a rally or pulls back. For now, Litecoin stands at a technical crossroads, with both opportunity and risk on the table. Litecoin Eyes Breakout As Market Awaits BTC Confirmation Litecoin is currently trading at a pivotal level, caught in the middle of growing speculation about the markets next major move. After a powerful 69% rally over the past month, LTC has entered a phase of consolidation, holding just above a crucial support level. The broader crypto market is in a similar position, with investors watching closely for a potential breakout in Bitcoin that could pull the rest of the market higher. As Bitcoin hovers just below its all-time high, Litecoin traders are holding their breath. Many believe that a breakout above the $109K mark for BTC could serve as a catalyst for altcoins, especially LTC. But not everyone agreessome analysts expect the market to cool down first, leading to a deeper correction before any renewed upside. Runefelt is firmly in the bullish camp. He recently shared a technical analysis highlighting a bullish flag pattern forming on Litecoins chart. According to Runefelt, Litecoin has already bounced from support, and this setup presents a high-probability breakout scenario. His price target for the move is $117.5, which would mark a significant push higher from current levels. Runefelt’s view aligns with the broader bullish sentiment thats slowly rebuilding across the market. However, the confirmation remains dependent on both Litecoins ability to break above short-term resistance and Bitcoins performance near its all-time high. For now, LTC investors remain cautiously optimistic, aware that momentum could shift quickly depending on macro market developments. Related Reading: Dogecoin Momentum Fades Analyst Expects $0.213 Retest Technical Details: Key Levels To Watch Litecoin (LTC) is currently trading at $95.35, showing resilience after a brief pullback from its recent local high near $106. The chart highlights a period of consolidation, with LTC finding support just above its 200-day exponential moving average (EMA) at $93.82 and slightly below the 200-day simple moving average (SMA) at $100.76. These two moving averages are now acting as a technical pivot zone, creating both resistance and support that could define LTC’s next move. After a strong rally from April lows around $66, Litecoin surged over 69% before facing resistance at the psychological $100 level. The price is now hovering in a tightening range, which could develop into a bullish continuation patternespecially if broader market sentiment remains positive and Bitcoin pushes above its all-time high. Related Reading: Ethereum Flashes Golden Cross Signal Can Bulls Push ETH To $3,000? Volume has slightly decreased during the recent pullback, indicating a lack of strong selling pressure. This supports the bullish thesis that the current move is a healthy consolidation rather than the start of a reversal. A breakout above the $100.76 resistance would open the door toward the $117.50 target, as mentioned by analysts like Carl Runefelt. Featured image from Dall-E, chart from TradingView
According to CRYPTOWZRD on his recent post on X, Litecoin (LTC) ended the week with a bearish close, a move that’s being interpreted as part of a normal market cycle rather than a sign of weakness. Despite the pullback, the LTCBTC pair is showing promising signs of strength and is expected to rally in the coming week. CRYPTOWZRD notes that the intraday chart development will be key in identifying the next viable scalp opportunity. As long as LTC continues to hold above the critical $100 level, the conditions remain favorable for a bullish breakout, potentially triggering the next leg up in the LTCBTC trading pair. The Bullish Catalyst That Could Propel Litecoin Higher Providing further insight, CRYPTOWZRD explained that the daily candles for Litecoin and the LTCBTC pair closed lower today. He reassured that this short-term decline is not a cause for concern, especially since the broader picture remains bullish. Related Reading: Litecoin Conviction Remains Strong: More Than 20% Of Supply Frozen Since 5+ Years According to the analyst, Litecoins weekly candle closed with notable strength, hinting at sustained upward pressure in the days ahead. The LTCBTC pair also ended the week on a positive note, which could be an early sign of renewed bullish momentum. However, CRYPTOWZRD emphasized the importance of a more impulsive push from LTCBTC in the upcoming week to ignite Litecoin’s upswing. He also noted that Litecoin and LTCBTC are currently trading in extremely oversold conditions, a factor that typically precedes strong rebounds. With that in mind, CRYPTOWZRD plans to closely monitor intraday developments on the lower time frames tomorrow, looking to capitalize on any quick trading opportunities as the setup evolves. LTC/BTC Breakout Confirmed – Key Levels To Watch Concluding his analysis, CRYPTOWZRD highlighted that Litecoins intraday chart remained highly volatile throughout the day, with the price now consolidating around the crucial $100 support zone. If buyers step in and drive a strong bullish move from here, it could open the door for a rally toward the $109 target or possibly even higher. Related Reading: Litecoin Breaks Under Parallel Channel: Analyst Predicts This Target On the other hand, a failure to hold this support could lead to extended sideways movement, especially if Bitcoin remains uncertain or lacks directional momentum in the coming sessions. The broader markets response, particularly from BTC, will likely influence Litecoins next move. For now, CRYPTOWZRD advises waiting patiently for a clean and reliable setup to emerge before taking action. He emphasized that discipline is crucial in choppy conditions like these, and his focus will remain on tracking price development on lower time frames to spot the next favorable entry point. Featured image from Getty Images, chart from Tradingview.com
Litecoin (LTC) price rallied to a 14-day peak of $88 on April 26, with highly-leveraged SHORT traders now at risk…
The post Litecoin Price Forecast: This $18 million Signal Could Drive LTC to $100 first appeared on The Crypto Basic.
Santiment reveals top traders aggressively accumulate LTC as Litecoin’s halving event nears, with dolphin and shark addresses holding 18 million LTC. In a recent tweet, Santiment, an esteemed market intelligence platform, unveiled another intriguing insight into developments surrounding Litecoin (LTC) as the halving event nears. Santiment revealed that with the highly anticipated Litecoin halving event looming ever […]
The post Dolphin and Shark Wallets Now Hold Over 18M LTC as Litecoin Halving Nears first appeared on The Crypto Basic.
After a brief upswing around mid-July 2023, Litecoin is back to its previous trading range with barely any sign of a new uptrend. Meanwhile, Solana’s price indicates a potential bullish trend reversal, while its short-term trend remains bearish. While Litecoin (LTC) and Solana (SOL) experience slower price movements, investors are currently showing interest in VC …
Litecoin price bounced strongly to see bulls hit a 14-month high near $110. LTC last traded at these prices in April 2022, and could hit new multi-year highs as the Litecoin halving approaches. Prices fell to $84 earlier in the day after markets reacted negatively to news about spot Bitcoin ETfs. Litecoin is still poised […]
The post Litecoin (LTC) bounces strongly as bulls brush off brief retreat appeared first on CoinJournal.
Litecoin price traded above $90 on Sunday, with LTC hitting intraday highs of $91.60. While price has rejected twice above $100, the area remains a key target for bulls as Bitcoin retests the $30k level. If it breaks above the hurdle, fresh momentum heading into the Litecoin halving in August could catapult LTC price towards […]
The post Litecoin price prediction: can bulls pick up new momentum for LTC? appeared first on CoinJournal.
Litecoin (LTC) has shown resilience amid market uncertainty and selling pressure, holding its ground despite the broader downtrend in cryptocurrencies. After retracing from $130 to the $100 mark, LTC has successfully held this crucial support, signaling that bulls are still active in defending key levels. Related Reading: BTC Could Gain Momentum For A Move To $150,000 If Bulls Reclaim This Level Details While most altcoins have struggled, Litecoin appears to maintain a slight bullish edge. According to Santiment data, LTC continues to show strength in its on-chain metrics, with the Market Value to Realized Value (MVRV) Ratio signaling a bullish outlook. This suggests that investors are still holding onto their LTC, with less incentive to sell at current levels, potentially paving the way for a recovery in the near future. However, the coming days will be critical for Litecoin, as Bitcoin remains under pressure, struggling below key levels. Market uncertainty continues to drive volatility, and if BTC experiences further downside, LTC could face increased selling pressure. On the other hand, if Bitcoin stabilizes or pushes higher, Litecoin could quickly capitalize on its strong fundamentals and begin a renewed upward trend. Litecoin Bulls Defend Crucial Demand Litecoin is currently trading between key liquidity levels, navigating months of volatility and uncertainty in the broader market. Despite the recent market downturn, LTC has shown relative strength over the past few weeks, managing to hold crucial support levels while other altcoins continue to struggle. Related Reading: Dogecoin Indicator Flashes A Buy Signal On The 4-Day Chart Is DOGE Gearing Up For A Rebound? However, price action remains uncertain, as Litecoin has been unable to break above key supply zones. Bulls have attempted to push the price higher, but selling pressure at resistance levels has kept LTC within a tight trading range. Until a clear breakout occurs, traders remain cautious about the next major move. Top analyst Ali Martinez shared insights on X, highlighting that Litecoin maintains a bullish outlook based on on-chain data. According to Santiments MVRV Ratio, LTC is showing strength, suggesting that investors are holding onto their positions despite the markets recent volatility. This metric often indicates whether an asset is undervalued or overvalued, and in Litecoins case, it signals that the coin still has strong upside potential. If the broader crypto market starts to recover, Litecoin could emerge as one of the strongest assets, given its relative stability and bullish on-chain signals. For now, all eyes remain on LTCs ability to hold key support levels and whether bulls can break past resistance to confirm a new uptrend. LTC Price Action: Technical Levels To Watch Litecoin is currently trading at $104 after facing days of selling pressure. However, despite the bearish sentiment, sellers have struggled to push LTC below the crucial $100 demand zone. This level has acted as strong support, preventing further downside, and every day that LTC holds above this mark increases the probability of a recovery move. For bulls to regain control, Litecoin needs to reclaim the $115 level soon. A decisive break above this resistance could trigger renewed buying momentum, paving the way for a push into higher price levels around $130-$145. These areas represent the next major liquidity zones, where LTC could face strong resistance but also attract significant bullish interest. Related Reading: 2.23 Million Chainlink Moved To Exchanges In Two Weeks Selling Pressure Incoming? If Litecoin continues to hold above $100, it would indicate buying confidence at lower levels, setting the stage for a potential breakout. However, failure to reclaim $115 in the short term could keep LTC in a prolonged consolidation phase, leaving its next major move uncertain. Featured image from Dall-E, chart from TradingView
Litecoins bullish momentum has cooled off, with the price sliding back to $97.8 after struggling to sustain its recent uptrend. The pullback comes amid increasing selling pressure, raising concerns about whether this is a temporary correction or the start of a deeper decline. While LTC previously showed strength, the inability to maintain higher levels suggests that market sentiment is shifting, leaving traders questioning the coins next move. As the price approaches key support levels, traders are closely monitoring market signals to determine the next move. Will buyers step in to defend LTC and spark a rebound, or will bearish pressure push the price even lower? Litecoin Drop To $97.8: What Triggered The Pullback? Litecoins retreat to $97.8 comes after failing to sustain its recent uptrend, as increasing selling pressure drove the price lower. After an initial push higher, LTC encountered strong resistance at the $113 key level, preventing further gains and triggering a pullback. This resistance rejection prompted profit-taking among traders, as many opted to secure gains rather than hold through potential volatility. Related Reading: Litecoin Fails To Break Key Resistance Level Again Can Bulls Hold Range Lows? Moreover, the decline in buying momentum played a crucial role in the price drop. As bullish enthusiasm faded, buyers struggled to maintain control, allowing sellers to take over. The weakening demand led to increased downward pressure, accelerating Litecoins descent toward the $97.8 support level. Broader market uncertainty also contributed to the downturn. A combination of external factors, including macroeconomic conditions and Bitcoins price action, likely influenced traders’ risk appetite, leading to a cautious approach toward altcoins like LTC. Technical indicators also experienced a drop below average, prompting a correction as traders reassessed their positions. If Litecoin fails to hold above $97.8, further downside could be expected. However, a possible recovery may be on the horizon if buyers step in at this level. Potential Scenarios: Rebound Or Further Decline? The Litecoin price movement around the $97.8 level will be crucial in determining its next direction. Two possible scenarios could unfolda strong rebound if buyers regain control or a deeper decline if selling pressure persists. Related Reading: Litecoin Price Shows Resilience In Uncertain Market Conditions Whats Next For LTC? In a bullish scenario where LTC manages to hold above $97.8, buyers could step in, driving the price toward immediate resistance levels. A successful rebound might push Litecoin back above $113, with the next target being $131.6. After this, bullish momentum may grow, paving the way for a rally to $146. However, in a bearish scenario where Litecoin fails to hold above $97.8, the price could face additional downside pressure. Breaking below this key support hints at a decline toward $89.7 and $76.8, and even lower support zones, making it critical for bulls to defend key levels. Featured image from Pexels, chart from Tradingview.com
Litecoin has faced a massive drop as the entire crypto market experiences intense selling pressure. Increased volatility has driven sharp price swings, with LTC plunging from $130 to $100 in a matter of hours. This steep decline has raised concerns among investors as Litecoin struggles to maintain key support levels. Related Reading: Dogecoin Breaks Above Falling Wedge Pattern Analyst Sets $0.43 Target Market uncertainty has left Litecoin trading at a crucial level, with bulls trying to defend $100 amid persistent selling pressure. The failure to hold above higher price ranges suggests a weakened bullish structure, increasing the risk of further declines. Top analyst BigCheds shared a technical analysis highlighting that this is the third time Litecoin has thrown back to the $100 level. Historically, repeated retests of key support zones increase the likelihood of a breakdown, adding to the bearish sentiment surrounding LTC. If the $100 level fails to hold, Litecoin could face a deeper correction, aligning with the broader market downturn. Traders are now closely watching Litecoins next move to determine whether it can stabilize or if another wave of selling will push it lower. With volatility dominating the market, LTC remains at a pivotal moment that could dictate its price action in the coming weeks. Litecoin Keeps Holding The Range Litecoin is currently trading between key liquidity levels after months of volatility and uncertainty in the market. Despite its turbulent price action, LTC has shown relative strength in recent weeks, managing to hold key support levels. However, it continues to struggle against significant resistance, preventing a clear trend from forming. The main issue facing Litecoin is its inability to break above supply levels, keeping price action in a tight range. While bulls have attempted to push LTC higher, sellers at major resistance levels have repeatedly stalled momentum. Without a decisive breakout, Litecoin remains stuck in a consolidation phase, leaving traders unsure of its next move. BigCheds’ technical analysis highlighted that another high-timeframe (HTF) throwback to the $100 range followed a $130 supply level rejection. This marks the third time Litecoin has tested the $100 support zone, a level that has been crucial in preventing deeper declines. If LTC fails to hold this area, it could trigger a more extended correction. A breakout above $130 or a breakdown below $100 will likely determine Litecoins next major move. Until then, traders remain cautious as price action continues to signal uncertainty and indecision. The coming days will be critical in deciding whether LTC can reclaim higher levels or face another wave of selling pressure. Related Reading: Bitcoin Reclaims Key Levels And Faces Resistance At $97K Can It Break $100K This Week? Price Action Details: Key Levels To Hold Litecoin is currently trading at $102 after a massive drop from the $130 mark, leaving bulls in a critical position to defend key levels. The recent decline has pushed LTC to the lower boundary of its trading range, testing crucial support that has held multiple times in recent months. So far, price action has respected both supply and demand zones, with resistance around $130-$140 and support near $100. This channel structure has defined Litecoins movement, keeping it within a clear range-bound pattern. Bulls must now hold the current level to sustain this channel thesis, preventing further downside. eIf Litecoin confirms a breakout above $130, it could signal the start of a new bullish trend, pushing LTC toward higher levels. However, a break below $100 would indicate a loss of demand, likely triggering a deeper correction and increasing selling pressure. Related Reading: Dogecoin Will Start A Move To $4 If Current Demand Holds Can Bulls Step In? For now, traders are closely watching whether LTC will hold or break its current support zone. The next major move will likely come from a decisive breakout in either direction, setting the stage for Litecoins trend in the coming weeks. Featured image from Dall-E, chart from TradingView
Litecoins downfall from the $100 milestone practically started a couple of days ago, on March 12, 2024, to be more specific. It retraced to the current value of $87.33 (at the time of writing) after exchanging hands for as high as $104 in the last 7 days. While that signifies a climb of 2.55% in …
Litecoin’s (LTC) upcoming halving event is stirring curiosity in the market, with investors anticipating potential price surges while experts remain cautious about its overall effect. On the other hand, Bitcoin Cash (BCH) is in a consolidation phase after its bullish rally in recent weeks. Fortunately, VC Spectra (SPCT) offers unique investment opportunities by democratizing access …
LTC bulls need to break above $93, a key hurdle below the psychological level of $100. MATIC must reclaim $1 to target the $1.30-$1.50 range, or risk dip to $0.75. Elsewhere, ARB is near a key resistance level as Arbitrum price jumps 3.9% amid the market’s reaction to US debt ceiling news. The US has […]
The post LTC, ARB and MATIC price outlook amid US debt limit “tentative” deal appeared first on CoinJournal.
Litecoin recently announced cutting miners’ block rewards in half. Titled Litecoin Halving, the initiative is set to take place on August 2, 2023. After the execution, Litecoin will bring down miners’ slash block rewards from 12.5 LTC to 6.25 LTC. This deflationary design will incentivize miners via block validation rewards. These rewards are issued after …
Litecoin halving: will Litcoin reach 1000 $? Let's explore the impact of this pivotal event and the future it heralds for Litecoin.
Based on market capitalization and supply analysis, Bitboy’s team predicts Litecoin (LTC) could surge to $500 to $540 in the upcoming bull market. Yet again, the prominent crypto influencer Ben Armstrong, also known as Bitboy, and his market analysts have made price predictions for Litecoin (LTC) in the upcoming bull market. Ajwritescrypto, a team member […]
The post Bitboy Team Forecasts a 490% Surge for Litecoin (LTC) first appeared on The Crypto Basic.
Litecoin, Avalanche see inflows even as crypto outflows hit 5th consecutive week Bitcoin represented most of the negative sentiment with $33 million worth of outflows. Germany lead in terms of regions with 73% of the total outflows. Litecoin and Avalanche recorded some investment products inflows last week, defying sentiment across the broader crypto investment products […]
The post Investors eye Litecoin and Avalanche as Bitcoin leads outflows appeared first on CoinJournal.
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