Litecoin (LTC)

In June 2023, Litecoin shattered a 770-day descending resistance trendline and surged to a new yearly high of $116, signifying a major breakthrough.

Litecoin’s price faces further downside risk after flashing bearish signals unless key support around $62-$65 can halt the decline.

Litecoin Cash was given a high risk rating in a new analysis that assessed the coin’s susceptibility to price manipulation based on recent trading volume and market cap changes.

Litecoin’s mining reward was cut in half today in an event known as “the halving”, reducing the rate of new LTC issuance.

Litecoin faces declining prices despite increased retail accumulation, raising questions over whether LTC is overvalued relative to current demand and utility.

Crypto trader Feras cautions against investing in old altcoins, stating that 99.99% fail to survive past one cycle, contrasting Bitcoin’s resilience.

Litecoin has seen a bounce in the last 24 hours but remains stuck in a long-term downtrend based on weekly and monthly charts. Traders can explore long setups on shorter timeframes but should be cautious overall.

Litecoin plunged on the news of its delisting from Binance which is reducing BUSD pairs, while new meme coin Pomerdoge saw demand spike amid promises of play-to-earn gaming rewards.

XRP has surged past other altcoins lately but is consolidating after its epic rally spurred by a favorable ruling in Ripple’s ongoing SEC lawsuit.

Litecoin is set to have its third halving event on August 3, 2023, where the reward for miners processing transactions will be cut in half from 25 to 12.5 coins per block.