HashKey Exchange will open the LTC/USD trading pair at 16:00 on January 12
HashKey Exchange will open the LTC/USD trading pair on January 12, 2024 at 16:00 (UTC+8). Deposits and withdrawals are now available. Supported user types: professional investors only.
423,003 LTC transferred from unknown wallet to unknown wallet
According to Whale Alert monitoring, 423,003 LTC (worth $29,890,194) was transferred from an unknown wallet to another unknown wallet.
Crypto Market Starts Week on Positive Note with Major Cryptocurrencies Seeing Upward Trend
Major cryptocurrencies saw positive performance on Monday, September 18, with investors regaining confidence in digital currencies. Bitcoin's price rose 0.15% to $26,585.27 over the last 24 hours, while Ethereum's price remained flat at $1,629.15. XRP's price increased by 0.11% to $0.4973, and Litecoin's price added 1.06% to trade at $64.63.
Shiba Inu and Litecoin Show Signs of Recovery Amidst Altcoin Correction
Altcoins, including Shiba Inu (SHIB) and Litecoin (LTC), have faced correction this month alongside Bitcoin, but there are signs of recovery. Despite the Shibarium launch experiencing major issues, over 2 trillion SHIB tokens have been withdrawn from exchange wallets in the past week, potentially leading to a supply squeeze and impacting SHIB's price.
Litecoin (LTC) Halving Event Fails to Boost Price, Trading Volume Drops by 25.99%
The recent Litecoin halving event generated a lot of hype and anticipation for a price surge, but the current outlook shows a slump in price with a 9% loss in the past seven days. The trading volume has also dropped by 25.99%. However, the halving event is expected to positively impact the long-term economics of Litecoin by reducing token production and potentially driving up valuation.
LTC May Surpass BTC in BitPay Transactions, Data Shows
Data from BitPay shows that Litecoin (LTC) is responsible for 34.05% of the net transaction count on the platform, indicating a spike in usage prior to its third halving event. This puts LTC in a position to potentially surpass Bitcoin (BTC) in number of BitPay transactions, as BTC currently holds 36.47%. The two most popular cryptocurrencies make up 70.5% of BitPay activity, while Ethereum (ETH) and Dogecoin (DOGE) combined only make up 15.5%. Despite the anticipation leading up to the halving event, LTC has since experienced a sell-off and is currently trading at $86.32, down almost 4% in the previous 24 hours.
Litecoin’s Halvening Price Drop Is No Proxy for Bitcoin Next Year
After Litecoin's halving event, its price dropped, as the halving event caused the miners' rewards to be halved. However, this doesn't necessarily mean that Bitcoin will have a similar outcome in its halving event next year. Historically, Litecoin's price has fallen after halving, while Bitcoin has often experienced rebounds before and after these events. Additionally, Bitcoin has received a boost due to BlackRock's application for a Bitcoin exchange-traded fund.
Google Bard predicts Litecoin price after halving event $1,000
Litecoin is set to undergo its halving event on August 2, which is expected to increase scarcity and potentially impact the cryptocurrency's price dynamics. Google Bard, an AI tool created by Alphabet, was asked to predict the future price action of Litecoin after the halving event. Bard noted that the overall state of the cryptocurrency market, demand, and supply of Litecoin could influence the price, and while some analysts believe the price could reach $1,000, others predict it could only reach $500 or $600.
Bitcoin and Top Cryptocurrencies Gain in Asia Trading, BNB Leads Winners After Binance Japan Relaunch
Bitcoin, Ether, and most other top non-stablecoin tokens saw gains in Asian trading on Wednesday, with Bitcoin recovering above the US$29,000 support line. Binance's BNB token led the winners after the exchange relaunched in Japan on Tuesday. Litecoin also posted notable gains ahead of its halving event, while the Forkast 500 NFT index was down. Despite mixed corporate results causing US equity futures to decline, the total crypto market capitalization rose slightly in the past 24 hours to US$1.18 trillion.
Litecoin Whales Accumulate as Halving Event Approaches
Litecoin holders are increasing their accumulation of the cryptocurrency ahead of its halving event, which will reduce block rewards to 6.25 LTC from 12.5 LTC. Mid-sized Litecoin whales have purchased 205,400 LTC since June 14, with their combined holdings amounting to 18.18 million LTC, worth approximately $1.7 billion. Crypto traders tend to perceive most coin halvings as bullish events for the market, and Litecoin miners have also been stockpiling their reserves. <br>
Litecoin's Fourth Halving Approaches Amid Bearish Metrics and Market Indicators of Hope
Litecoin's fourth halving is set to occur on August 3rd, reducing block rewards from 12.5 LTC to 6.25 LTC. Despite some optimistic market indicators, the broader crypto market seems to have a negative outlook on the event. Litecoin's mining industry has been declining, with a drop in hashrate and miners' fees, as well as a decrease in social volume and investor interest. However, there is a possibility of a bullish falling wedge forming in LTC's price chart, which could lead to a bull rally if the bulls can beat the bears.
Binance Pool's Hash Rate for Litecoin Mining Drops by Over 50% in 7 Months, Losing Dominance in the Mining Pool Scene
Binance Pool's hash rate dedicated to mining Litecoin has dropped by over 50% in the past seven months, with the platform currently allocating around 28 TH/s to the network. As a result, Binance Pool has lost its position as one of the dominant Litecoin mining pools, currently ranking 7th with a 3.6% share of the total hash rate. The cause of the drop in hash rate is unclear, but Binance is currently facing legal challenges in multiple countries, including the US. Despite the drop in rankings and hash rate, Binance Pool still plays a critical role in proof-of-work mining networks, including Bitcoin.
Litecoin (LTC) Halving Sparks Fears as Long-Term Holders Begin to Sell
The price of Litecoin (LTC) has fallen by 18% from its recent high of $115 on July 3, with long-term investors beginning to sell due to fears of the upcoming halving event. The Age Consumed data compiled by Santiment shows that LTC long-term holders have been offloading their coins, leading to a negative impact on the price.
Litecoin Halving Event Sparks Market Rally Speculation
The upcoming Litecoin (LTC) halving event on August 2 has generated significant hype in the community and is expected to lead the market rally in the coming week. Many industry stakeholders have been accumulating Litecoin in anticipation of the event, with whales buying over 590,000 LTC in the last 48 hours. The halving will impact Litecoin's scarcity and could potentially drive its price to new highs. Its success could also provide insights into Bitcoin's future performance, as Bitcoin's halving event is scheduled for next year.
Litecoin's Open Interest Drop Below $500 Million Could Signal Sharp Correction
As Litecoin's halving approaches, traders are questioning whether it will be enough to sustain the price above $90. The price has declined by 19% in the last 18 days, but it has shown a positive 31% performance this year. However, there is an alarming statistic coming from the derivatives market that indicates a sharp correction is likely underway. Historical data shows that each of the previous three instances where Litecoin futures open interest dropped below $500 million caused price drops of 38% or higher, which potentially matches the current scenario. Investors should keep an eye on Litecoin's open interest, as history suggests a potential 30% drawdown if it declines from the current $500 million level.
Litecoin Whales Accumulate Ahead of Halving Event, Purchasing Over 590K LTC in 48 Hours
As the upcoming halving event approaches, Litecoin whales have been accumulating the cryptocurrency, with top market whales purchasing over 590K LTC in 48 hours, worth $59 million. This suggests growing confidence in the coin, as well as preparation for a price surge ahead of the halving event scheduled for around August 2, 2023.
Litecoin Miners Brace for Halving as Whales Stock Up on LTC, but BTC Value Stays Weak
Litecoin miners are preparing for the upcoming block reward halving, which will see the block subsidy drop from 12.5 LTC to 6.25 LTC per block. Despite controversy, Litecoin remains the 12th largest cryptocurrency by market cap at around $6.8 billion, with major investors buying up almost $60 million worth of LTC in the past two days.
Litecoin Whales Have Made Significant Exchange Inflows In 24 Hours
Large amounts of Litecoin have been deposited to exchanges by whale entities in the past day, which could indicate a bearish trend for the cryptocurrency. Whale Alert, a cryptocurrency transaction tracker service, reported four large transfers on the LTC blockchain, with the largest involving the movement of 500,000 LTC worth around $46 million.
Litecoin Surpasses 170 Million Network Transactions, Anticipation Builds for Halving Event
Litecoin, also known as "Digital Silver", has achieved a significant milestone by surpassing 170 million network transactions. The cryptocurrency has experienced a surge in financial activities, with over 10 million new transactions in just seven weeks. This steady momentum reflects Litecoin's growing popularity and acceptance.
Litecoin Network Processes 170 Millionth Transaction, Adding Over 10 Million in 7 Weeks Ahead of Halving Event
Litecoin has achieved a significant milestone in its network transactions, processing its 170 millionth transaction. This reflects the accelerating growth of Litecoin, which has added over 10 million transactions in the past seven weeks, suggesting that well over a million transactions occur each week.
