Litecoin

<div class="coinjournal">
 <ul>
 <li dir="ltr">Litecoin price was down 3% to trade around $67 on Friday morning.</li>
 <li dir="ltr">Santiment wrote on X that the altcoin has seen a rapid increase in on-chain movement.</li>
 <li dir="ltr">LTC is seeing a spike in address activity and whale transactions, with metrics at highest levels since June.</li>
 </ul>
 The total crypto market is down 1.5% in the past 24 hours to $1.3 trillion, with Bitcoin hovering just above $34,000. Meanwhile, most a<a rel="noopener noreferrer nofollow" title="LTC" href="https://thebittimes.com/tag/ltc.html">LTC</a>oins are struggling to hold onto recent gains.&nbsp;
 But as market observers and analysts put it, the overall outlook is bullish for crypto ahead of what could be a massive bull market in 2024. Could this be the same scenario for Litecoin price?
 <h2 dir="ltr" id="litecoin-price-outlook-what-s-next-for-ltc">Litecoin price outlook- what’s next for LTC?</h2>
 Litecoin’s 24-hour price was down 3%, with recent gains trimmed to about 7% over the past week as it traded around $67.80. The psychological $100 continues to prove a difficult hurdle for bulls, despite there being a burst of on<a rel="noopener noreferrer nofollow" title="-chain" href="https://thebittimes.com/tag/chain.html">-chain</a> <a rel="noopener noreferrer nofollow" title="activity" href="https://thebittimes.com/tag/activity.html">activity</a>.
 While address <a rel="noopener noreferrer nofollow" title="activity" href="https://thebittimes.com/tag/activity.html">activity</a> and whales both hit June 2023 levels, there has been the observation of dormant <a rel="noopener noreferrer nofollow" title="LTC" href="https://thebittimes.com/tag/ltc.html">LTC</a> suddenly spiking – “usually indicative of more coins beginning to circulate,” the market intelligence platform Santiment wrote in a post on X. &nbsp;&nbsp;
 
 <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
 ⚡️ #Litecoin saw rapidly rising #onchain movement to end the work week, with address activity and whales both hitting levels last seen in June. Additionally, dormant $LTC suddenly had a big spike, usually indicative of more coins beginning to circulate. https://t.co/ILZua1tEzV pic.twitter.com/MT1MZ2K15i
 — Santiment (@santimentfeed) October 27, 2023
 </blockquote>
 
 The overall bullish picture for Bitcoin suggests investors could be positioning for a potential uptick in its price. Optimism over factors such as spot Bitcoin ETF approval could help <a rel="noopener noreferrer nofollow" title="LTC" href="https://thebittimes.com/tag/ltc.html">LTC</a> rebound past the main supply wall.
 Yet, with dormant coins on the move again, sell-off pressure could be huge in the short term. In this case, a correction could see Litecoin price retreat further, bears likely targeting key support zones in the $60-50 region.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/litecoin-sees-a-spike-in-on-chain-activity-but-what-s-next-for-ltc-tbt68097.html">https://thebittimes.com/litecoin-sees-a-spike-in-on-chain-activity-but-what-s-next-for-ltc-tbt68097.html</a>

Litecoin sees a spike in on-chain activity- but what’s next for LTC?

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