Litecoin

<ul class="list-ic vertical">
 <li><span>1</span> <a>The network has observed increased activity, with a hash rate of 1.2 PH/s and 34.12 million people involved.</a></li>
 <li><span>2</span> <a>Litecoin also shared breaking news, that it is the top choice for payments, with over 41% of users selecting it on ‘BITPAY’.&nbsp;</a></li>
</ul>
<p>The Litecoin cryptocurrency network has reached 37 million transactions in 2024, according to information shared by Litecoin on the X platform. This demonstrates the growth in transactions and indicates a positive outlook for future prices.</p>
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  <p lang="en" dir="ltr">The Litecoin network has completed 37 Million transactions so far in 2024. More active than ever! <a href="https://twitter.com/hashtag/Litecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Litecoin</a> is accelerating <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/8sr0Kx1hp0" rel="noopener noreferrer nofollow">pic.twitter.com/8sr0Kx1hp0</a></p>— Litecoin (@litecoin) <a href="https://twitter.com/litecoin/status/1787598448596008999?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 6, 2024</a>
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<p class="has-text-align-center">Tweet By Litecoin | By X platform</p>
<p>Moreover, the confirmed Litecoin profile on X also stated that 88.7% of the total Litecoin has been mined up to now, out of the total network capacity of 100%. At the same time, the current supply of LTC is 74,504,194, while the total supply is 84,000,000 LTC.</p>
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  <p lang="en" dir="ltr">Percentage of the total <a href="https://twitter.com/hashtag/Litecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Litecoin</a> mined.. <br><br>▓▓▓▓▓▓▓▓▓▓▓░░ 88.7%<br><br>Circulating supply of 74,504,194 <a href="https://twitter.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LTC</a><br><br>Total/MAX supply of 84,000,000 <a href="https://twitter.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LTC</a><br><br>You see where this is going?</p>— Litecoin (@litecoin) <a href="https://twitter.com/litecoin/status/1787871579319447905?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 7, 2024</a>
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<p class="has-text-align-center">Tweet By Litecoin | By X platform</p>
<h2 class="wp-block-heading" id="strong-litecoin-network-on-boom-strong"><strong>Litecoin Network On Boom</strong></h2>
<p>The verified source has observed an increase in its network activity, as indicated by its network monitoring metrics. The confirmed information shows that the existing Litecoin hash rate is 1.2 PH/s, while the block height is 2,681,147, and the difficulty is 34,099,459 (Approx.) 34.12 million.</p>
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  <p lang="en" dir="ltr">Network Check: The current Litecoin hashrate is <br>1.2 PH/s at block height 2,681,147 with a difficulty of 34,099,459! <br><br> <a href="https://twitter.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LTC</a> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/zRdUeeK4og" rel="noopener noreferrer nofollow">pic.twitter.com/zRdUeeK4og</a></p>— Litecoin (@litecoin) <a href="https://twitter.com/litecoin/status/1787915951809429686?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 7, 2024</a>
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<p class="has-text-align-center">Tweet By Litecoin | By X platform</p>
<h3 class="wp-block-heading" id="strong-litecoin-is-the-most-preferred-crypto-in-terms-of-transactions-strong"><strong>Litecoin Is The Most Preferred Crypto In Terms Of Transactions</strong></h3>
<p>According to Litecoin’s tweet, they posted breaking news and shared data indicating that they are in the top position for payments. They also mentioned that the most recent data shows they are in the lead with more than 41% of users selecting <a href="https://www.thecoinrepublic.com/2024/04/28/litecoin-price-analysis-will-ltc-crypto-surpass-key-emas/" target="_blank" rel="noopener noreferrer nofollow">Litecoin</a> for payment on ‘BITPAY’, the top crypto payment processor worldwide.</p>
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  <p lang="en" dir="ltr">BREAKING: <a href="https://twitter.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LTC</a> is the #⃣1⃣ <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#crypto</a> for payments!!<br><br>The latest numbers are out.. and <a href="https://twitter.com/hashtag/Litecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Litecoin</a> has been #1 all year, by far the leader with over 41% choosing to <a href="https://twitter.com/hashtag/PayWithLITECOIN?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#PayWithLITECOIN</a> on the world's leading crypto payment processor <a href="https://twitter.com/BitPay?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Bitpay</a>!!! <a href="https://t.co/pajOvmD3qB" rel="noopener noreferrer nofollow">pic.twitter.com/pajOvmD3qB</a></p>— Litecoin (@litecoin) <a href="https://twitter.com/litecoin/status/1788029566688370911?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 8, 2024</a>
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<p class="has-text-align-center">Tweet By Litecoin | By X platform</p>
<p>The number of Bitpay payments made with cryptocurrency exceeded those made with BTC and ETH, with these two accounting for 21.55% and 10.37%, respectively.</p>
<h3 class="wp-block-heading" id="strong-technical-data-of-litecoin-highlights-optimism-strong"><strong>Technical Data Of Litecoin Highlights Optimism</strong></h3>
<p>TradingView reported that Litecoin experienced a decrease of over 19% in its price within the past month. The significant decrease in price caused most LTC holders to experience losses.</p>
<p>According to data from IntoTheBlock, just 42% of LTC holders had made a profit, while 44% were <a href="https://www.thecoinrepublic.com/2024/04/10/pepe-coin-price-suggesting-deterioration-could-it-fall-more/" target="_blank" rel="noopener noreferrer nofollow">experiencing losses</a>, and 14% were at breakeven. Last week saw $9.9 Billion worth of transactions exceeding $100K.</p> <iframe loading="lazy" title="Santiment Chart: [10,000 - 100,000) coins % (LTC)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=litecoin&amp;pt=LTC&amp;df=2023-10-02T00%3A00%3A00.000Z&amp;dt=2024-05-04T18%3A29%3A59.957Z&amp;emcg=1&amp;emhwm=1&amp;wm=percent_of_holders_distribution_combined_balance_10k_to_100k&amp;wax=0&amp;wc=%2337D7BA" scrolling="no"></iframe>
<p class="has-text-align-center">LTC (10,000 – 100,000) | By Santiment.com</p>
<p>Nevertheless, as the price of the coin dropped, whales took advantage of the situation to purchase additional coins.</p>
<h3 class="wp-block-heading" id="strong-whale-behavior-is-optimistic-strong"><strong>Whale Behavior Is Optimistic</strong></h3>
<p>The purchasing influence from big investors on LTC may have contributed to LTC’s shift in direction as the market became positive. The value of the coin rose by 1.00% over the past 24 hours. Additionally, the Fear and Greed Index of the currency suggested that the market was in a state of “fear”.</p>
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 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="413" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-101-1024x413.png" alt="" class="wp-image-204897" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-101-1024x413.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-101-300x121.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-101-768x310.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-101-1536x620.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-101-750x303.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-101-1140x460.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-101.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p class="has-text-align-center">Litecoin Fear and Greed Index | By CFGI.io</p>
<p>Whenever the metric reaches that point, it suggests a potential for increase in price. The increase in Open Interest suggests that the ongoing uptrend in prices could persist in the future.</p> <iframe loading="lazy" title="Santiment Chart: Total Open Interest in USD (LTC)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=litecoin&amp;pt=LTC&amp;df=2023-10-02T00%3A00%3A00.000Z&amp;dt=2024-05-04T18%3A29%3A59.957Z&amp;emcg=1&amp;emhwm=1&amp;wm=total_open_interest&amp;wax=0&amp;wc=%23FF5B5B" scrolling="no"></iframe>
<p class="has-text-align-center">LTC TOI | By Santiment.com</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>In 2024, the Litecoin cryptocurrency network has reached 37 million transactions, demonstrating growth and a positive outlook. 88.7% of the total Litecoin has been mined, with a total supply of 84 million LTC. Moreover, The network has observed increased activity, with a hash rate of 1.2 PH/s and 34.12 million people involved. Litecoin also shared breaking news, that it is the top choice for payments, with over 41% of users selecting it on ‘BITPAY’.&nbsp;</p>
<p>Despite a recent 19% price decrease, big investors have shown optimistic behavior by purchasing additional coins. The market is currently in a state of “fear”, but the increase in Open Interest suggests a potential future uptrend in prices.</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

Litecoin’s 19% Decline Attracted Whales. Time To Expect Shakedowns On The Chart?

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