Tag Archives: Litecoin [LTC]

Litecoin’s recent recovery gains are at risk after the weekend reversal. Can Litecoin prevent further loss ahead of the Fed’s decision?

Litecoin’s short-term range consolidation could extend amidst increasing selling and buying interest levels at $66 and $60 respectively.

Digital asset investment products witnessed outflows of $55 million last week, compared to inflows of $29 million the week before.

LTC bulls could seek more gains at $130 if they manage to clear the $115 roadblock. Here’s how that might go…

Litecoin was at a crossroads amidst steady demand and BTC fluctuations. Will bulls reclaim their market edge?

Litecoin, managed to dazzle investors, thanks to its 20% surge over the last seven days. However, a look at its long/short ratio indicated that short positions dominated the market at the time of writing. Will LTC see a price correction over the weekend?

As of 14 June 2023, the Litecoin Network managed to process 25 million transactions. However, this didn’t exactly bring good news for investors as LTC’s price action remained unaffected.

More downward pressure could be likely for LTC after rejection from an FVG zone alongside a weak BTC.

Litecoin’s hashrate increased by more than 60% compared to a year ago which was a bullish sign for investors. However, LTC didn’t have only this to offer as its price too put forth a bullish narrative for the days to come.

LTC faces elevated short-term bearish pressure ahead of FOMC minutes and a considerable chunk of BTC options expiring on 26 May.

Recently, Litecoin witnessed increased popularity due to issues surrounding the BTC network. However, all could not be deemed well for LTC as holders shorting the token could give way to the bears.

Litecoin [LTC] is stuck in a bearish structure as BTC faces elevated short-term selling pressure.