Bitcoin Cash

Kaspa

Litecoin

Momentum

<p>With just 40 days left until the Bitcoin halving, <a href="https://cryptoticker.io/en/litecoin-price-prediction-2024/" target="_blank" rel="noopener noreferrer nofollow">Litecoin</a> whales have made a significant move by investing $230 million in LTC. As of March 3, Litecoin’s price soared to $94, marking its highest point since the extensive post-halving sell-off in August 2023. This recent spike comes after a period of underperformance in the last six months, compared to the broader market.</p>
<p>A major sell-off followed Litecoin’s last halving, resulting in a 37% dip in its price within two weeks of the event. Since then, Litecoin has struggled to gain upward momentum. However, recent activity among LTC whale investors suggests a change is imminent.</p> <img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/Litecoin_b944f5cbf0.jpg" alt="Litecoin Price Prediction">
<h2 id="h-post-halving-challenges-and-current-momentum"><span id="Post-Halving_Challenges_and_Current_Momentum"><strong>Post-Halving Challenges and Current Momentum</strong></span></h2>
<p>Litecoin’s latest halving on August 2, 2023, halved the block reward from 12.5 LTC to 6.25 LTC. The subsequent weeks saw significant sell-offs from miners and institutional investors, pushing the price from $95 on the halving date to a multi-year low of $58 by August 17. Despite a crypto sector rally beginning mid-October, Litecoin’s post-halving demand slump kept its price range-bound between $70 and $80 for much of the past six months.</p>
<h2 id="h-litecoin-s-current-market-status"><span id="Litecoin8217s_Current_Market_Status"><strong>Litecoin’s Current Market Status</strong></span></h2>
<p>As of the latest update, Litecoin stands at $83.18, experiencing a 6.67% decline within the last 24 hours but maintaining solid trading volumes and market activity. This situation reflects the constant flux of the crypto market, with Litecoin poised for potential gains as industry dynamics evolve, especially in anticipation of the Bitcoin halving.</p> <img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/image_507_149e2ef143.png" alt="">
<h2 id="h-market-impact-and-price-predictions"><span id="Market_Impact_and_Price_Predictions"><strong>Market Impact and Price Predictions</strong></span></h2>
<p>This whale investment spree coincided with a <a href="https://cryptoticker.io/en/litecoin-price-prediction-as-the-crypto-market-consolidates-ltc-up/" target="_blank" rel="noopener noreferrer nofollow">28% surge</a> in Litecoin’s price between February 29 and March 2, with LTC reclaiming the $95 mark for the first time post-halving. However, a subsequent retracement found support at $85. This shift underscores the influence of whale investors on Litecoin’s market dynamics and price movements.</p>
<p>The investment patterns and on-chain activities of these whales, especially post-August 2, have had a notable impact on LTC prices. The current increase in holdings to historic levels suggests a strong bullish sentiment among investors, anticipating that the Bitcoin halving will positively affect Litecoin prices.</p>
<h2 id="h-whale-movements-preceding-bitcoin-halving"><span id="Whale_Movements_Preceding_Bitcoin_Halving"><strong>Whale Movements Preceding Bitcoin Halving</strong></span></h2>
<p>As rival PoW networks like Bitcoin Cash and Kaspa register growth, speculation is mounting that stakeholders might divert resources to alternative networks like <a href="https://cryptoticker.io/en/litecoin-price-might-not-recover-and-crashes-to-those-targets/" target="_blank" rel="noopener noreferrer nofollow">Litecoin</a>, making it more profitable. The recent on-chain movements among LTC institutional investors support this bullish outlook.</p>
<p>Data shows a significant uptick in Litecoin whale activity, with holdings nearing an all-time high of 34.4 million LTC ahead of the Bitcoin halving. This resurgence is highlighted by the acquisition of 1.7 million LTC between January 27 and March 5, reflecting a renewed investor interest.</p> <img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/litecoin_coin_against_background_price_graph_11zon_1_148efc642f.jpg" alt="litecoin ltc">
<p>This whale investment spree coincided with a 28% surge in Litecoin’s price between February 29 and March 2, with LTC reclaiming the $95 mark for the first time post-halving. However, a subsequent retracement found support at $85. This shift underscores the influence of whale investors on Litecoin’s market dynamics and price movements.</p>
<p>The investment patterns and on-chain activities of these <a href="https://cryptoticker.io/en/litecoin-price-might-not-recover-and-crashes-to-those-targets/" target="_blank" rel="noopener noreferrer nofollow">whales</a>, especially post-August 2, have had a notable impact on LTC prices. The current increase in holdings to historic levels suggests a strong bullish sentiment among investors, anticipating that the Bitcoin halving will positively affect Litecoin prices.</p>
<h2 id="h-litecoin-s-recent-performance-and-market-sentiment"><span id="Litecoin8217s_Recent_Performance_and_Market_Sentiment"><strong>Litecoin’s Recent Performance and Market Sentiment</strong></span></h2>
<p>Over the last 30 days, Litecoin has exhibited a positive trend, gaining 27.37%. The medium-term outlook is bullish, with a 17.22% increase over the last three months, despite a slight year-on-year decrease. The current market sentiment, driven by 23 out of 30 indicators showing bullish forecasts, underscores a robust optimism for Litecoin, especially as the Fear &amp; Greed index hits 90 (Extreme Greed), indicating a highly positive market outlook.</p>
<h2 id="h-final-thoughts-on-litecoin-s-market-prospects"><span id="Final_Thoughts_on_Litecoin8217s_Market_Prospects"><strong>Final Thoughts on Litecoin’s Market Prospects</strong></span></h2>
<p>Considering the recent whale activities, market movements, and the approaching Bitcoin halving, the forecast for Litecoin remains bullish. The technical analysis suggests potential for breaking the $100 barrier, contingent on maintaining support above crucial levels indicated by Bollinger bands and the 20-day SMA.</p>
<h2 id="h-where-to-buy-ltc"><span id="Where_to_Buy_LTC">Where to Buy LTC?</span></h2>
<p>For individuals eager to enter the cryptocurrency market,&nbsp;<a target="_blank" href="https://partner.bitget.com/bg/cryptoticker" rel="noopener noreferrer nofollow">Bitget</a>&nbsp;emerges as a reliable platform. Offering low fees, a user-friendly interface, and a straightforward onboarding process,&nbsp;<a target="_blank" href="https://partner.bitget.com/bg/cryptoticker" rel="noopener noreferrer nofollow">Bitget</a>&nbsp;provides a convenient experience for both novice and seasoned traders. Whether you are an experienced investor or a newcomer, Bitget offers a streamlined avenue to buy and trade cryptocurrencies in the dynamic and rapidly evolving market.</p> <img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/logo_H_colour_39f362031a.png" alt="Bitget">

Litecoin Whales Make a $230M Move as Bitcoin Halving Approaches

Table of Contents

CryptoTicker ENG

Other articles published on Apr 23, 2024

Shiba Inu Price Prediction as Bitcoin Surge Down below $70,000

This Is How Litecoin (LTC) Investors Could Trigger a Correction

Ethereum price data points to strong resistance at $3.5K

SEC Seeks Billions in Penalties from Terraform Labs and Do Kwon

Cryptocurrency Markets Tumble Amid Rising Middle East Tensions

‘Troll’ Post On Crypto X: Gary Gensler’s Resignation

Join our free newsletter for daily crypto updates!