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  • Litecoin price forecast: what next as LTC drops to key support?

    Litecoin price forecast: what next as LTC drops to key support?

    Litecoin Price Bulls Vs Bear

    • Litecoin trades near $112, just in the green on the day but at risk of fresh losses.
    • The LTC price hovers at key support level as bulls attempt to hold bears off.
    • Bullish crypto market and catalysts such as spot Litecoin exchange-traded funds could help LTC go higher.

    Litecoin (LTC) is trading at $112, about 2% up in the last 24 hours, but in the red over the past week and month time frames.

    Meanwhile, the 24-hour trading volume of $694 million is more than 22% down on the previous day as top altcoins look to bounce.

    As LTC price drops towards the $110 level, can bulls hold onto gains or is the altcoin poised for a revisit of the psychological $100 mark and lower?

    Litecoin price forecast: Is LTC set for a revisit of $90 next?

    Litecoin price has broken below the middle line of an ascending channel pattern. Price at $112 suggests a broader crypto pullback could accelerate LTC’s dip to support at $100 and possibly to $90.

    The technical indicators on the daily chart support a likely flip lower, with RSI and MACD giving sellers the upper hand.

    Litecoin Price
    Litecoin chart by TradingView

    Open Interest has also dropped slightly, down to $994 million from the record highs of $1.27 billion hit recently as LTC spiked.  OI in Litecoin futures does notably remain higher than the lows of $800 million seen in early August.

    A break above $120 could thus allow bulls to test the upper channel barrier near $140 and aim for the psychological $200 mark.

    While the Moving Average Convergence Divergence (MACD) indicator shows a bearish crossover from mid-August and prints red histogram bars, a mixed setup has other indicators signaling potential resilience.

    For instance, the Relative Strength Index (RSI) on the daily chart sits at 46, but is upsloping to suggest buyers could keep off a fresh dip towards the oversold territory.

    If RSI pops above the neutral point of 50 and market conditions align, LTC could see the above scenario play out.

    What could help Litecoin price higher?

    Network growth, including a significant hashrate spike, suggests confidence in the proof-of-work coin.

    This and market sentiment point to a scenario where bulls ride the overall crypto uptick in the coming months to drive higher.

    The upcoming approval of spot ETFs, with Litecoin among those with notable high odds of a nod, add to this outlook.

    In this case, the SEC’s October 2025 decisions on spot Litecoin ETFs from Grayscale, Bitwise, and CoinShares, which carry a 90% approval probability, per Bloomberg analysts, could be huge catalysts.

    Experts say a SEC approval for LTC spot ETFs could drive institutional inflows of up to $500 million in Litecoin at launch, printing the trajectory that saw Bitcoin’s price rally to new highs in early 2024.

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  • Litecoin price prediction as LTC jumps 12% on bullish catalysts

    Litecoin price prediction as LTC jumps 12% on bullish catalysts

    Litecoin Price

    • Litecoin price is up 12% in 24 hours, hitting $127 as altcoins look to bounce back.
    • The LTC price could rally to $200 and target a new all-time.
    • Bullish catalysts include spot ETF anticipation, payments activity/adoption and treasury strategy moves.

    Litecoin trades as one of the top gainers in the past 24 hours, with the altcoin boasting a 12% spike as price hovers near $126. Gains see weekly uptick extended and LTC up by more than 47% in the past month.

    Amid a confluence of bullish catalysts, can Litecoin price jump to its year-to-date highs near $140 and target multi-year peaks above $200?

    Litecoin jumps 12% amid notable bullish momentum

    Litecoin’s double-digit uptick, which pushed price from lows of $111 to above $127 at the time of writing, comes as the broader crypto market seeks a fresh leg up.

    On Tuesday, Aug. 5, the total market cap was up 1% to $3.74 trillion, with this following Monday’s resilient performance across stocks and crypto. Most top altcoins including Ethereum, XRP and Solana are in the green, with latest regulatory developments adding to the prevailing crypto sentiment to suggest more gains are likely in the short term.

    For LTC, the outlook gets a further bullish impetus from a range of factors. It includes overall anticipation of a spot Litecoin exchange-traded fund (ETF) approval, increased use as a payment currency and significant institutional interest amid treasury strategy moves.

    Recently, Bloomberg analysts put a 95% probability on a spot LTC ETF approval in 2025, and regulatory developments suggest this outlook remains.

    Meanwhile, bullish projections for Litecoin are gaining traction amid institutional interest, with MEI Pharma’s $100 million Litecoin treasury strategy a major corporate allocation already. Also fueling price gains is Litecoin’s growing use in remittances and payments.

    What next for LTC price?

    Litecoin’s price gains may see profit taking kick in and derail buyers, particularly given the surge to a five month high for LTC.

    LTC chart by TradingView

    However, the altcoin has broken above a symmetrical triangle on the weekly chart, signaling potential upside continuation. This breakout above the triangle’s upper resistance means bulls may want to target the supply wall around $200.

    Notably, the Moving Average Convergence Divergence (MACD) has a bullish crossover, aiding the outlook for upward momentum. The Relative Strength Index (RSI) also ticks above 64, indicating room for more gains before hitting overbought conditions.

    If buying pressure continues, bulls may eye $200 and higher in the short term. However, if it fades, a short-term pullback to the $110–$101 support zone may ensue. This LTC price outlook nonetheless depends on overall bullish conditions.

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  • Litecoin shrimps capitulate as LTC declines

    Litecoin shrimps capitulate as LTC declines

    • Litecoin price hovers around $63 with the altcoin down over 5% in the past week and 11% over the last 30 days.
    • According to CoinGecko, LTC has fallen 84% since hitting its all-time high above $410 in May 2021.
    • The downtrend that has seen one of the earliest cryptocurrencies slide out of the top 10 by market cap now has small wallet holders selling as price nears a crucial support area.

    Market intelligence and on-chain analytics platform Santiment has highlighted a dip in Litecoin shrimp holders – wallet addresses with less than 1 LTC. These wallets have sold-off over 45,200 LTC, but analysts say this could be a “turnaround.”

    “Litecoin has not been lighting social forums on fire with its market value dropping -36% since its April 1st peak. A sudden liquidation of 45.2K net 0.1-1 LTC wallets indicate that small traders are finally capitulating out of the OG crypto asset. Small fish impatiently ‘jumping ship’ is often a turnaround sign for an asset to begin turning bullish once again,” Santiment analysts wrote on X.

    76% of Litecoin wallets in loss

    In the past few months, the selling has coincided with price dipping from above $110 in early April. After bouncing from lows of $56 following the crypto crash on August 5, Litecoin is back below $64 and near the major support zone around $60.

    Per IntoTheBlock, the In/Out of the Money indicator is largely bearish. About 76% of addresses are in loss at current price and only 18% are in profit. Notably, 22% of addresses have held LTC for less than a year and could be part of the capitulating small holders. 

    However, 78% of wallets have held the altcoin for more than a year.

    Litecoin price chart

    0n the daily chart, both the RSI and MACD indicators suggest bears might push Litecoin price lower.

    Litecoin price chart. Source: TradingView

    The price is below the 50-day SMA, which could act as the primary resistance level around $66. On the other hand, further weakness could see LTC seek the demand reload zone around $55.

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  • As Litecoin loses steam, Rebel Satoshi gains momentum with investors

    As Litecoin loses steam, Rebel Satoshi gains momentum with investors

    • Litecoin (LTC) dips despite achieving a milestone on BitPay. 
    • Rebel Satoshi (RBLZ) leads the top ICO list in its presale. 
    • $RBLZ announces launch timeline after raising $2 million. 

    Litcoin (LTC) has failed to make a comeback in recent weeks, leaving the field open for other altcoins. Rebel Satoshi (RBLZ) is a new meme coin that is attracting Litecoin investors with 150% potential gains. 

    Let’s review the latest news about LTC and $RBLZ to find the best crypto to invest in!

    LTC dips by 6.6% despite achieving a milestone on Bitpay

    On December 30, 2023, the Litecoin Foundation shared on Twitter (now X) that LTC exceeded all other altcoins on BitPay last month. Litecoin was the number 1 choice for crypto payments on the world’s largest crypto payment processor. 

    The Litecoin community welcomed the news, hoping it would help LTC improve in value. But despite the good news, LTC, the native token from Litecoin, continued its dip. The LTC price decreased by 6.6% in ten days from $72.64 to $67.84. So, is LTC still the best crypto to buy?

    Although LTC is currently in a dip, Litecoin price prediction suggests that things can get better by the end of 2024. If the market turns bullish, LTC will reach the maximum predicted price of $111.55 in 2024.

    However, if bearish trends affect the market, Litecoin won’t get the predicted increase of 52.9% in its value. In the case of a bearish scenario, Litecoin will be trading at $89.58 per LTC by the end of 2024. 

    $RBLZ becomes investor favourite after raising $2M

    Meme coins are abundant in the crypto market. However, not all of these meme coins are worth investing in. But Rebel Satoshi, a new meme coin inspired by Satoshi Nakamoto and Guy Fawkes, has caught the eyes of investors while still in its presale. 

    Rebel Satoshi is a meme coin with a mission. It plans to herald a new era of decentralization with its native token, $RBLZ. Rebel Satoshi also aims to develop a community for the underdogs so they can challenge centralized systems together. 

    $RBLZ, the native token from Rebel Satoshi, has broken records in its ongoing presale. Rounds 1 and 2 of the $RBLZ presale were sold out in ten and 15 days, respectively. Currently, the $RBLZ presale is in the Citizens Round 3 stage, where each token is available at $0.025. Only 25 million $RBLZ tokens are available in the current stage. 

    Those who invested in $RBLZ early on can expect a 150% return on investment when Rebel Satoshi officially launches. $RBLZ is expected to start trading at $0.025 once it launches on DEX. 

    As February 2024 has been picked as the launch month, there’s not much time left to benefit from the presale. So, you can use Bitcoin and 50 top altcoins to join the Rebel Satoshi presale today. 

    Investing in $RBLZ will bring all sorts of exclusive benefits as well as the chance to contribute to the Rebel Satoshi ecosystem. So, act fast if you don’t want to miss out on the Rebel Satoshi hype train. 

    For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram.

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  • Litecoin price outlook as on-chain activity spikes

    Litecoin price outlook as on-chain activity spikes

    • Litecoin price was down 3% to trade around $67 on Friday morning.
    • Santiment wrote on X that the altcoin has seen a rapid increase in on-chain movement.
    • LTC is seeing a spike in address activity and whale transactions, with metrics at highest levels since June.

    The total crypto market is down 1.5% in the past 24 hours to $1.3 trillion, with Bitcoin hovering just above $34,000. Meanwhile, most altcoins are struggling to hold onto recent gains. 

    But as market observers and analysts put it, the overall outlook is bullish for crypto ahead of what could be a massive bull market in 2024. Could this be the same scenario for Litecoin price?

    Litecoin price outlook- what’s next for LTC?

    Litecoin’s 24-hour price was down 3%, with recent gains trimmed to about 7% over the past week as it traded around $67.80. The psychological $100 continues to prove a difficult hurdle for bulls, despite there being a burst of on-chain activity.

    While address activity and whales both hit June 2023 levels, there has been the observation of dormant LTC suddenly spiking – “usually indicative of more coins beginning to circulate,” the market intelligence platform Santiment wrote in a post on X.   

    The overall bullish picture for Bitcoin suggests investors could be positioning for a potential uptick in its price. Optimism over factors such as spot Bitcoin ETF approval could help LTC rebound past the main supply wall.

    Yet, with dormant coins on the move again, sell-off pressure could be huge in the short term. In this case, a correction could see Litecoin price retreat further, bears likely targeting key support zones in the $60-50 region.

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  • Litecoin (LTC) price spikes as Bitcoin hits $30k

    Litecoin (LTC) price spikes as Bitcoin hits $30k

    • Litecoin price jumped 4% to above $64 on Friday morning.
    • LTC was up as positive sentiment permeated the altcoin market amid Bitcoin’s rally to $30k.

    Litecoin (LTC) rose more than 4% early on Friday amid a positive reaction across the altcoin market to Bitcoin’s fresh spike to $30k. LTC traded to intraday highs of $64 across major exchanges, with daily trading volume hitting $370 million as buyers pushed the total crypto market cap to over $1.17 trillion.

    Why is Litecoin price up today?

    Although a bullish picture has looked increasingly possible with metrics such as Litecoin hashrate jumping to new highs, one of the likely catalysts could be the increased crowd noise on the probability of a spot Bitcoin ETF hitting the market sooner than anticipated. Recent developments involving potential ETF issuers and the US Securities and Exchange Commission (SEC) have added to the growing belief that the first spot ETF is a matter of when and not if.

    That has Bitcoin price poised for takeoff, and as quant trader Charles Edwards pointed out on X today, the flagship cryptocurrency’s positive outlook is enhanced by the several key metrics in this cycle.

    Other catalysts for LTC price today could be the regulation news related to SEC dropping charges against Ripple executives. The SEC sued Ripple CEO Brad Garlinghouse and Executive Chairman Chris Larsen when it filed a lawsuit against the San-Francisco-based company in December 2020. The agency’s charges against the two were dismissed on Thursday, with the trial scheduled for April next year now not happening.

    LTC looks to have pumped amid a similar reaction across the altcoin market. While Litecoin’s modest gains are dwarfed by the colossal returns for some of the best performing altcoins today – including Bitcoin SV – the bullish flip has analysts pointing to a potential retest of the psychological $100 level if upward momentum holds.

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  • Pro delivers a $2 trillion BCH, Solana, Litecoin, Mina, Bitcoin price prediction

    Pro delivers a $2 trillion BCH, Solana, Litecoin, Mina, Bitcoin price prediction

    • An analyst at Standard Chartered delivered a strong Bitcoin prediction.

    • He expects BTC price to jump to $120,000 in 2024.

    Bitcoin price has continued wavering in the past few weeks as investors wait for the next important crypto news and US inflation data. The coin was trading at $30,400, where it has been at in the past two weeks. As a result, the fear and greed index has moved to the neutral point of 56.

    Standard Chartered is bullish on Bitcoin

    Bitcoin price has jumped by more than 90% in 2023, meaning it has outperformed popular financial assets like the Dow Jones and the Nasdaq 100 indices. It has also done better than gold and other metals.

    Now, despite the recent consolidation, some analysts believe that Bitcoin price has more upside in the next few months. The two biggest potential catalysts are the potential for a Bitcoin ETF. Analysts believe that the SEC will accept one or all of the recent proposals by companies like Blackrock and Invesco.

    The other potential catalyst for Bitcoin will be the upcoming halving, which will happen in April next year. Historically, Bitcoin tends to rally ahead of the halving event. We can also look at the spectacular performance of Litecoin price since July last year. Litecoin’s halving will happen in August.

    Some analysts are bullish about Bitcoin. The most bullish analyst is from Standard Chartered. Two months ago, the analyst said that Bitcoin could surge to $100,000 by the end of 2024. In a note this week, the analyst said that he believes that BTC price could jump to $120,000. The analyst cited the ongoing miner activity, saying:

    “It is the equivalent of miners reducing the amount of bitcoins they sell per day to just 180-270 from 900 currently. Over a year, that would reduce miner selling from 328,500 to a range of 65,700-98,550 – a reduction in net BTC supply of roughly 250,000 bitcoins a year.”

    ‘If Standard Chartered’s Bitcoin prediction is accurate, it means that its market cap could hit over $2.3 trillion by the end of 2024. That’s because BTC has a market cap of over $591 billion.

    Altcoins could jump as well

    If this Bitcoin’s prediction is accurate, it means that other altcoins will do the same. For example, popular proof-of-work coins like Litecoin and Bitcoin Cash could resume their bullish rally. Litecoin has already jumped by over 134% from its 2022 lows. Bitcoin Cash, which is a Bitcoin’s hard fork, has risen by over 100% in the past few weeks.

    These coins are doing well because of their upcoming halving events. Litecoin will go through halving in August while Bitcoin Cash’s will take place in December. These coins will also benefit if the SEC accepts the ETF since more companies will be motivated to launch their ETFs.

    Other cryptocurrencies like Compound, Solana, Mina. and Internet Computer (ICP) could benefit because of the close correlation that exists in the crypto industry.

    How to buy Bitcoin

    eToro


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  • Litecoin (LTC/USD) to $100 looks probable as a breakout at resistance gets underway

    Litecoin (LTC/USD) to $100 looks probable as a breakout at resistance gets underway

    • Litecoin is attempting to break above $80

    • The upcoming halving event is seen to boost the price

    • A successful breakout will see buyers eye the next resistance at $100

    If you have been eyeing Litecoin (LTC/USD), it is time to get even more curious, as the latest price action looks exciting. The area around $80 was a stumbling block to Litecoin during its bullish rally in November. Bears took the chance to push the price lower, retesting the $64 support but bulls resuscitated thereafter.

    In a tug-of-war between bulls and bears, the former is seemingly winning as Litecoin attempts to clear the $80 barrier. The cryptocurrency surged to $82, although it is not clear if the daily candlestick will close above to consider a breakout. Should a bullish market be confirmed, a journey to $100 looks very likely. Investors would better watch how the price action plays out next.

    If you might have missed it, you could refer to the CoinJournal analysis on how Litecoin’s halving event is influencing price. But aside from this critical event, Litecoin could draw from the slightly improved crypto sentiment to force a breakout. Most cryptocurrencies have staged recoveries as of press time. So how will you tell if a breakout has occurred in LTC price?

    LTC surges with higher momentums at $80

    LTC/USD Chart by TradingView

    On the daily chart technical outlook, momentum is very strong for LTC. The daily candlestick is piercing through the $80 resistance zone. There is a surge in the buy-side volumes, indicating buyers are very active on LTC. The price also stays clear of the moving averages and ascending trendline.

    When to consider a breakout?

    LTC must clear $80, with the daily candlestick closing above, to consider a successful breakout. If the price closes above this crucial level, buyers may get attracted. LTC could surge to nearly $100, the potential resistance zone. 

    On the contrary, if the LTC price closes below $80, the token could be due for a correction. We consider the former a more likely scenario but investors should be open to both.

    Where to buy LTC

    eToro

    eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


    Buy LTC with eToro today

    Binance

    Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.

    Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.


    Buy LTC with Binance today

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  • Litecoin, Shiba Inu & Bitcoin – American Wrap 25 October

    Litecoin, Shiba Inu & Bitcoin – American Wrap 25 October

    Litecoin price takes off! Is this the beginning of Crypto Season?

    Litecoin price has taken the market by a stunning surprise as the bulls have taken complete control of the trend prompting a 7% rally. The move was catalyzed by a classic retest and all signals from the 21-day simple moving average. Litecoin price currently auctions at $56 as the bulls have successfully taken out the October high. Now the only question is when will the uptrend pull back?

    Bitcoin price: Will BTC break $28,500 after record-breaking period of low volatility?

    Analysts at crypto intelligence tracker Glassnode argue that Bitcoin’s volatility has hit historical lows and a breakout in BTC is likely. Evaluating both the bullish and bearish scenario for Bitcoin price, analysts noted a conviction among BTC holders in the bear market. 

    Shiba Inu price: SHIB prepares to eat one zero after burn rate jumps up 1,494%

    Shiba Inu’s burn rate has climbed 1,494% – a significant increase over the past 24 hours. Based on data from the portal that tracks Shiba Inu’s burn implementation and statistics, Shibburn, the pace of SHIB token destruction has picked up. Normally a bullish factor, the exponential increase in the burn rate is a reaction to SHIB price’s recent weakness, and holders are hopeful it will have a reversal effect.

     

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