Dogecoin

Litecoin

Solana

<ul> 
 <li>Litecoin’s price is up 15% in the past 24 hours.</li> 
 <li>The daily RSI suggests that LTC is facing selling pressure.</li> 
</ul> 
In a bearish ride recently faced, where altcoins are facing a heavy <a href="https://thenewscrypto.com/investors-anxiety-peaks-as-altcoins-plummet-to-new-lows/" target="_blank" rel="noreferrer noopener nofollow">dump</a>, Litecoin is telling a different story. Despite hitting an 11-month low of $56.86 six days ago, Litecoin has recovered to $69.32 today. Litecoin is up 2% in the past 24 hours, with trading volume increasing by 39%. 
Notably, in the past week, Litecoin has risen by 15%. According to <a href="https://x.com/intotheblock/status/1811675243783614555" target="_blank" rel="noreferrer noopener nofollow">IntoTheBlock</a>, Litecoin processes $2.85 billion in transactions over $100k daily on average, which is over 50% of its market cap. This figure surpasses most Layer 1s. For instance, <a href="https://thenewscrypto.com/dogecoin-doge-derivatives-market-activity-plunges-to-yearly-low/" target="_blank" rel="noreferrer noopener nofollow">Dogecoin</a> handles $590 million in large transactions, despite having roughly three times it’s market cap. 
Moreover, Analysts are bullish, noting that Litecoin has attracted more speculative investors. The network offers deep liquidity and faster transactions. They believe it is well-positioned to surpass its all-time high in this cycle, after underperforming in previous ones. 
<h3 class="wp-block-heading" id="h-ltc-to-surge-past-75">LTC To Surge Past $75?</h3> 
A closer look at Litecoin’s recent price movements reveals an underlying bullish trend on the daily chart. The 9-day exponential moving average (EMA) is recorded below the trading price at $67.25, further emphasizing the bullish sentiment. The daily Relative Strength Index (<a href="https://in.tradingview.com/chart/EJXIwxE9/?symbol=BINANCE%3ALTCUSDT" target="_blank" rel="noreferrer noopener nofollow">RSI</a>) has hovered around oversold levels recently. 
<div class="wp-block-image"> 
 <figure class="aligncenter">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfAU2xTvjEZolKZtP40yaAo-wvB4yX7rBlS_f7MeSI0HiDwMx1r6fsO-KDvt-V_j8voticTZq7d7njRv15c32CrDCR54HNg84kj9Vz6VPBdm7hNcj8D3CNRTBLO6LHZRPpJqSlICsa-2VlB58DIAqsLRI4?key=c44c9ePG-RNNQ0Dkx8LYKw" alt="">
 <figcaption class="wp-element-caption">
 &nbsp;LTC Price Chart, Source: Santiment 
 </figcaption>
 </figure>
</div> 
If the price breaks through the $70 resistance level, it could test the $76 resistance. Conversely, a drop below the $64 support level might see it testing the critical $57 level. 
Highlighted News Of The Day 
<a href="https://thenewscrypto.com/will-solana-bulls-win-the-combat-against-opposing-bears/">Will Solana Bulls Win the Combat Against Opposing Bears?</a>

Why Is Litecoin (LTC) Grabbing Traders’ Attention?

Daftar Isi

TheNewsCrypto

Artikel lain yang dipublikasikan pada 12 Jul 2024

Whale Movements on Binance: Insights into Ethereum’s Exchange Inflows and Price Stability

Bitcoin Faces Slow Recovery Amid Market Pressures

Cardano Sees 1,218% Spike In This Major Metric, Will ADA Price Follow?

Litecoin Processes Significant Daily Transactions

Investors Shifting Focus from Cardano and Brett to MoonBag Meme Coin, Drawn by 0% Tax and Future ...

Solana’s BONK Overtakes WIF After 12% Surge: Market Cap Battle Unfolds

Bergabunglah dengan buletin gratis kami untuk pembaruan kripto harian!