Litecoin Price Soars After DOGE Marks Historic Growth
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....
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Litecoin soars amid the hype surrounding Canary Capital’s upcoming launch of a $LTC exchange-traded fund (ETF). The US Securities Exchange Commission (SEC) is also reviewing Coinshare’s proposal for a Litecoin ETF on Nasdaq, further boosting the coin to greater heights. $LTC is shining green across all charts as a consequence. The coin’s market cap, currently […]
With a 181.5% increase in the 24-hour chart, Dogecoin (DOGE) is breaking every resistance towards a new all-time high. On the other hand, Litecoin is showing strong momentum and, according to a trader, it could follow DOGE’s performance. Investing App Robinhood offers its users the possibility to trade with 6 cryptocurrencies: DOGE, Bitcoin, Ethereum Classic, […]
Oaktree Capital’s Howard Marks has warmed up to bitcoin. He admitted that he had a knee-jerk reaction to the cryptocurrency and dismissed it too soon. Since then, the price of bitcoin has risen tenfold as demand for the cryptocurrency soars among retail and institutional investors. Howard Marks Changes Stance on Bitcoin Howard Marks, co-founder and co-chairman of Oaktree Capital Management, talked about bitcoin during an interview with CNBC last week. As institutional investors become increasingly interested in bitcoin and major companies have announced their investments in the....
On the 12-hour chart of Litecoin we see that yesterday there was the fifth reach to the top of $3.80 in two weeks, which happened due to a sharp growth of Bitcoin again. However, Litecoin went higher than $3.50 and then moved down to the same level of $3.20. This time, while the Bitcoin price grows, the LTC/BTC pair fell, having reached an 0.085 exchange rate. While miners don't believe in Litecoin prospects, this cryptocurrency has no prospects for steady growth.
The recent increase in whale activity in Dogecoin has reignited bullish sentiments among investors. In the last 24 hours, the network has experienced a remarkable 40% increase in the value of significant transactions, surpassing $23 billion. These actions frequently indicate an increase in confidence among institutional investors or high-net-worth individuals, which further supports the notion of a substantial price breakthrough in the near future. Related Reading: XRP Forms Bullish Flag Pattern: What’s Next For The Altcoin? Historical Patterns Allude To Rapid Development Dogecoin’s....