Litecoin

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/ltc-price-analysis-rising-hashrate-with-ltc-price-contraction-hints-at-imminent-breakout/">LTC Price Analysis: Rising Hashrate With LTC Price Contraction Hints at Imminent Breakout!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In the 4-hour chart, the LTC coin price falls in a bearish channel leading to a 27% drop in the last 40 days. In short, Litecoin prices dropped to the $80 support level from the height of $113. Currently, the prices remain sideways for the past seven days, staying afloat at $80.&nbsp;</p> 
<p>Moreover, the bullish attempt to start a positive cycle in the falling channel faces rejection at the 50 EMA. This contraction in LTC price traps the trend momentum teasing a potential breakout rally of high momentum. However, the breakout side is still questionable.&nbsp;</p> 
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   <p lang="en" dir="ltr">Network Check: The current Litecoin hashrate is 908.5 TH/s at block height 2,524,545 with a difficulty of 26,65. <a href="https://twitter.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LTC</a> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/kMYCDJVWRd" rel="noopener noreferrer nofollow">pic.twitter.com/kMYCDJVWRd</a></p>— Litecoin (@litecoin) <a href="https://twitter.com/litecoin/status/1689666858491035649?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 10, 2023</a> 
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<p>In a recent tweet from Litecoin, the recent network statistics provide strong evidence for a bullish outlook on the cryptocurrency. The robust hashrate of 908.5 TH/s is indicative of a secure and thriving network, with increased mining activity reflecting confidence in the coin’s future.</p> 
<p>The block height, now at 2,524,545, continues to grow, marking the network’s ongoing development. The difficulty level, although ambiguously stated as 26,65, is a key metric that adjusts to maintain the network’s integrity.&nbsp;</p> 
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<p>The overall uptrend in the daily chart also faces bearish pressure with the ongoing correction phase. Moreover, the death cross possibility in teh daily chart increases, threatening a bearish fallout of the channel.&nbsp;</p> 
<p>Considering the buyers fail to hold dominance at $80, the LTC price will challenge the $72 mark.&nbsp;</p> 
<p>On the positive side, a bullish reversal breaking above $85 can fuel the breakout rally and pump the LTC price to $95. If the breakout rally sustains momentum, the uptrend can reach $103.<br></p>

LTC Price Analysis: Rising Hashrate With LTC Price Contraction Hints at Imminent Breakout!

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