Litecoin hits 6-month high as LTC price soars 20% in 24 hours
Nonetheless, LTC/USD is at risk of a price correction, as it’s painting a classic bearish reversal pattern. Litecoin (LTC) has posted daily gains of almost 20% on Nov. 9, the highest levels for LTC/USD since May 2021, amid a wider cryptocurrency market rally that analysts attribute to inflation fears.#Bitcoin, #Ether hit records, exceeding Oct high, amid broad rally in cryptocurrencies. Low real yields, need for inflation hedges are shaping markets. pic.twitter.com/xN0Athssng— Holger Zschaepitz (@Schuldensuehner) November 9, 2021 The 14th-largest digital asset rose by a little over 25% in....
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With time, Litecoin has developed an eerie habit of being one of the most volatile cryptocurrencies in the world. The price action in the past 24 hours must have shocked (and killed) the bears, and even surprised the bulls. The market cap of Litecoin zoomed more than 31 percent intraday as short sellers went scurrying for cover, unable to handle the unprecedented buying pressure. Litecoin, on BTCE, touched a high of $3.946. What a day! Bitcoin is usually the main trigger behind Litecoin price action. A surge in Bitcoin tends to spur a rise in Litecoin. But this time was different! While....
Dogecoin moved to a three-month high on Tuesday, as prices of the token were up by over 15%. Today’s move comes despite crypto markets mainly falling, with the global market cap 0.21% lower as of writing. Monero was also up, hitting a multi-month high in the process.
Dogecoin (DOGE)
Less than 24 hours after shiba inu neared a fresh three-month high, its fellow meme coin dogecoin (DOGE), also hit a twelve-week peak.
The token surged to an intraday peak of $0.08848 in today’s session, which comes after yesterday’s low of $0.07571.
This....
Litecoin continues to gain strength as traders' attention shifts to a broader altcoin market against Bitcoin's slowing uptrend. Litecoin (LTC) prices surged by up to 35% to hit a one-year high against Bitcoin (BTC) this week, prompting analysts to predict an extended upside momentum for the remainder of the ongoing monthly session.LTC/BTC 1-week candle chart (Binance). Source: TradingViewThe LTC/BTC exchange rate touched 6,358 sats during the Asia-Pacific trading hours. The pair later corrected to an intraday low of 5,776 sats ahead of the London opening bell as profit-taking sentiment....
Santiment reported that Litecoin is temporarily decoupled from the crypto pack. Furthermore, whale addresses with over 1,000 LTC increased rapidly from the middle of June. The LTC/BTC pair gained over 51% since June 12. Memecoins have been in the limelight since last week after Musk Completed the Twitter acquisition. Among the memecoins, Dogecoin had the best performance, soaring above 100% in the price rally to $0.15, a five-month all-time high. But, Dogecoin has currently dropped to $0.1188. However, another altcoin, Litecoin, picked up, taking the market limelight from DOGE. Price....
At 17:00 GMT on 7th November, alt-currency litecoin reached its first $100m market cap milestone with approximately 23m litecoins in circulation, trading at a high of $4.40. On 18th November at 17:45 GMT, litecoin crossed the $10 mark after spiking over 100% in approximately five hours bringing the litecoin market cap to well over $200m. At the time of writing the price of a single litecoin has retreated to approximately $5.60. Back in March and April this year, litecoin caught the market's attention when it spiked approximately 10,000% in a few weeks. The rise, which happened during the....