Why is Litecoin going up?

Why is Litecoin going up?
фото показано с : invezz.com

2022-12-1 14:24

The price of Litecoin (LTC/USD) had been on a bullish trend for the past few weeks. In overall, Litecoin has risen by about 41.5% over the past month. The past two weeks have been the most active for the cryptocurrency since it has gained 35% in 14 days.

It is worth noting that the price of Litecoin has been surging while that of the majority of popular cryptocurrencies like Bitcoin (BTC/USD) struggle to get a footing in the current crypto winter. But why is the LTC price surging? In this post, we shall delve into the possible reasons why the Litecoin price is rising.

Why the price of Litecoin is rising?

Interestingly, there is no major news about Litecoin that can be attributed to the current Litecoin price rise. The cryptocurrency, which is one of the oldest altcoins seems to be naturally exceedingly well, especially at a time when a majority of other coins are struggling.

Prior to last week’s rally, however, there were large addresses that accumulated more than $40 million worth of LTC coins within two weeks; something that would have triggered a sudden interest in the altcoin and subsequently the huge price surge in the past two weeks.

Also, earlier this month, Texas-based money transfer giant MoneyGram allowed its customers to buy and sell Litecoin on its mobile app.

In a tweet Last month, John Bollinger, who is best known for the Bollinger Bands indicator, said he had spotted a squeeze on the Litecoin chart and was pondering over it.

The post Why is Litecoin going up? appeared first on Invezz.

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Litecoin (LTC) на Currencies.ru

$ 130.02 (+2.12%)
Объем 24H $3.277b
Изменеия 24h: 4.12 %, 7d: 45.54 %
Cегодня L: $123.79 - H: $139.02
Капитализация $9.786b Rank 20
Цена в час новости $ 78.29 (66.07%)

litecoin past weeks two month active cryptocurrency

Источник: invezz.com

litecoin past → Результатов: 126


Litecoin’s Charlie Lee explains Github inactivity; promises more focus on development side

It has been a monumental year for Litecoin; the silver coin improved its valuation by almost 190 percent since January and the virtual asset also completed its 2nd Litecoin halving last week. However, Litecoin was under the gun over the past few weeks after it was observed that the digital asset recorded almost zero activity […] The post Litecoin’s Charlie Lee explains Github inactivity; promises more focus on development side appeared first on AMBCrypto.

2019-8-11 16:01


Litecoin Climbs Past $100 After Successful Halving; Will the Surge Continue?

After months of hype and anticipation, Litecoin’s halving event has finally been completed and has coincided closely with an LTC price pump that allowed the cryptocurrency to surge towards $100. Despite this, Litecoin is still down significantly from its year-to-date highs, and its lackluster price performance that has occurred around the time of the halving.

2019-8-6 04:00


Litecoin’s halving might not be the ‘silver-lining’ it was meant to be

Among all the altcoins in the space, Litecoin received a lot of flak from the community recently due to the lack of technological development in its network. According to data from Github, Litecoin recorded the least activity in terms of contribution to the blockchain over the past few months and recorded its lowest level since […] The post Litecoin’s halving might not be the ‘silver-lining’ it was meant to be appeared first on AMBCrypto.

2019-8-3 17:00


Analysts Expect Ethereum to Follow Litecoin’s Lead and Skyrocket in Near Future, Here’s Why

The aggregated crypto markets have been facing an influx of bullish momentum over the past several months that is showing few signs of slowing down anytime soon. This momentum is allowing altcoins, like Ethereum (ETH), to incur strengthening technical formations that will likely allow it to surge higher in the near-future.

2019-6-15 22:30


Цена Litecoin ускоряет рост в преддверии халвинга

Четвертая по капитализации криптовалюта Litecoin (LTC) за последние сутки выросла почти на 12%. По мнению аналитиков Binance Research, важной фундаментальной причиной стремительного роста «цифрового серебра» является приближение халвинга награды за блок, который состоится через два месяца, ориентировочно 6 августа.

2019-6-7 19:06


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