Litecoin (LTC)

Litecoin (LTC) outperformed all major tokens, including Bitcoin (BTC), to become the most used cryptocurrency for payments in December, despite experiencing an 11% market value decrease.

Recent on-chain data shows increased accumulation from Litecoin miners and whales, signaling a potential price breakout ahead if key resistance levels can be broken.

As the crypto bull market returns, Litecoin, THORChain, and newcomer Galaxy Fox emerge as top tokens poised for major rallies and generational wealth creation.

Litecoin has witnessed surging on-chain activity recently, with over 300K daily active addresses and 7,400+ whale transactions.

Solana has emerged as the top-performing altcoin in recent days, with SOL price up 38% from September lows and 2.43% over Bitcoin, while FTX’s estate notably staked 5.5 million SOL worth $122 million.

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.