Maker

Litecoin

Lido DAO

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 <p>Crypto analytics firm Santiment says that peer-to-peer payments network Litecoin (LTC) is flashing readings that could lead to a price surge.</p> 
 <p>Santiment notes that Litecoin, decentralized finance (DeFi) protocol Maker (MKR) and liquid-staking service provider Lido DAO (LDO) are all witnessing rapidly rising address activity.</p> 
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 <p>According to the analytics firm, the on-chain signal is typically “accompanied by market cap growth.” Santiment also notes that Litecoin is flashing a bullish divergence, a technical signal that suggests an asset may be gearing up for a price surge.</p> 
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  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GDBgJKlawAAVKbg?format=jpg&amp;name=4096x4096" alt="Image" width="2900" height="1631">
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   Source: Santiment/X
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 <p>At time of writing, Litecoin is trading at $65.52, down about 11% since the start of the year when LTC opened at $73.88. Meanwhile, LDO is worth $3.54, up 30% since January 1st, and MKR is worth $1,769, a 6.16% increase year to date.</p> 
 <p>Some crypto analysts, however, aren’t predicting bullish price action for the project colloquially known as “digital silver.”</p> 
 <p>Earlier this week, the crypto trader Ali Martinez told his 39,500 followers on the social media platform X that LTC’s market outlook “appears challenging” after its price dip this week.</p> 
 <p><em>“If the selling pressure continues, LTC might see a push down to $38, potentially confirming a bear flag formation.”</em></p> 
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  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GC7Bhr5WkAAxOsd?format=jpg&amp;name=small" alt="Image" width="680" height="442">
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   Source: Ali Martinez/X
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 <p>A drop to $38 would represent a 42% decrease from Litecoin’s current price.</p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/litecoin-ltc-flashing-bullish-signal-amid-rising-address-activity-crypto-analytics-firm-santiment-tbt75801.html">https://thebittimes.com/litecoin-ltc-flashing-bullish-signal-amid-rising-address-activity-crypto-analytics-firm-santiment-tbt75801.html</a></p>

Litecoin (LTC) Flashing Bullish Signal Amid Rising Address Activity: Crypto Analytics Firm Santiment

TheBitTimes

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