Whales and Sharks Accumulate Over $4.7 Billion Worth of Bitcoin in Seven Weeks
July 4 (Cointime) - According to crypto analytics firm Santiment, large Bitcoin holders, known as whale and shark addresses, have been accumulating BTC at a higher rate than usual over the past seven weeks.
Litecoin's Upward Trajectory: Clearing the $115-Level Could Lead to $130
July 4 (Cointime) - The writer's opinion is presented and it is not financial, investment, trading, or other types of advice. Litecoin (LTC) has seen a significant increase in value, hitting $115 at the time of writing, which is a 55% increase in less than three weeks.
Crypto Analysts Predict Litecoin Price to Double Ahead of Halving Event
July 4 (Cointime) - Crypto analysts are predicting that Litecoin (LTC) will experience a significant rally ahead of its halving event next month, with some projecting that its price will more than double to reach $200.
Renowned Crypto Expert Ali Predicts Possible Downturn for Litecoin Based on MVRV Ratio Analysis
July 4 (Cointime) - Litecoin's price direction has been analyzed by crypto expert Ali using the Market Value to Realized Value (MVRV) ratio, which currently stands at around 35%. Ali's observation reveals a pattern in Litecoin's history since 2018, where a sharp price correction ensues whenever the 30-day MVRV exceeds the 30% threshold.
Crypto Analyst Predicts Litecoin Pre-Halving Rally to Continue, Sets Target for Altcoin's Price Surge
July 3 (Cointime) - According to a well-known crypto strategist, Litecoin's recent strong performance may not be the end of its rally. The analyst, known as Rekt Capital, believes that LTC could reach levels last seen in January 2022, with a potential surge to $140 before its next halving event.
Binance's $16 Million Litecoin Transfer Triggers Speculation and Discussion in Crypto Community
July 3 (Cointime) - Binance's recent transfer of 144,396 Litecoin (LTC), worth a staggering $16,053,446, has raised eyebrows and triggered speculation about its motive and destination in the crypto community. The unexpected transaction has left experts and enthusiasts eager to uncover the purpose behind this significant movement of funds, and a wave of discussion and speculation has engulfed the cryptocurrency space.
What's Driving Litecoin's Surprising Rally?
July 2 (Cointime) - Litecoin has defied market trends and experienced a surge in value, with analysts attributing this to the upcoming block reward halving in August. The halving will reduce the mining reward from 12.5 LTC to 6.25 LTC per block, which is expected to limit the influx of new supply into the market and push Litecoin's price up.
Canada Approves Unlimited Trading of Litecoin and Three Other Cryptocurrencies on Exchanges
July 1 (Cointime) - The Canadian government has approved unlimited trading of Litecoin (LTC) and three other cryptocurrencies on exchanges, with the exception of a $30,000 annual limit for other cryptos. This move is seen as a significant development for the Canadian cryptocurrency market. The House of Commons Standing Committee on Industry and Technology has also called for a national blockchain strategy to clarify the country's regulatory approach and demonstrate support for the industry. Litecoin's recent surge past the $100 mark and processing of over 500,000 daily transactions for the first time in a quarter has led to predictions of a potential rise to $140.
Litecoin (LTC) Sustains Loss Following Hawkish Stance by US Fed Chair and EU Counterparts
June 29 (Cointime) - Litecoin's recovery was halted below a previous lower high of $97.6, but there is potential for a pivot due to an uptick in Open Interest rates and flat CVD.
Number Of Active LTC Addresses Skyrockets As Litecoin Halving Day Nears
June 28 (Cointime) - As the Litecoin halving day approaches, the network is experiencing a surge in activity, with an increase in the number of active LTC addresses. However, it is important to note that a small number of addresses control the majority of LTC in circulation.
