Litecoin Faces Downward Trend, Technicals Suggest Drop
Litecoin (LTC) shows signs of potential price decline, having closed below a key trendline and facing bearish metrics from recent on-chain activity.
Litecoin (LTC) shows signs of potential price decline, having closed below a key trendline and facing bearish metrics from recent on-chain activity.
As Bitcoin rebounds above $56,000, meme coins POPCAT and DOGS lead gains among the top 100 cryptocurrencies by market cap. The surge is attributed to new futures listings and positive market sentiment.
Litecoin’s value has fallen 36% since April 1st, coinciding with a mass exodus of small traders, which some analysts view as a potential precursor to a bullish reversal.
Bitcoin’s volatility has surpassed levels seen during its all-time high in March, with traders speculating this could signal the end of its consolidation phase and trigger a significant price movement.
Binance, the world’s largest crypto exchange, will delist six trading pairs on July 5, including BTC/AEUR and ETH/AEUR, while adding new pairs like WIF/BRL and ZK/USDC, reflecting ongoing market dynamics.
Litecoin’s price has taken a bearish turn after breaking below a key support level of $82.40, with on-chain data indicating holders are losing interest and confidence in the token.
As AI-powered crypto trading bots gain popularity, traders must master the art of effective training and risk management to maximize profits while mitigating potential losses in the volatile cryptocurrency market.
Bitcoin’s value has dipped under the $60,000 mark, accompanied by traders liquidating over $115 million in positions within a 4-hour window, potentially driven by the imminent Bitcoin halving event.
The South Korean won has surpassed the U.S. dollar as the dominant currency for cryptocurrency trading globally, driven by fierce competition among domestic exchanges and a strong appetite for altcoins among South Korean traders.
Coinbase International Exchange has announced the launch of perpetual futures trading for the PEPE meme coin, set to commence on or after April 18, indicating a shift in the exchange’s stance towards listing the controversial token.