Litecoin Sees Massive Surge In Whale Activity: Price Surge Incoming?
Litecoin might be off the radar for many retail crypto traders, but on-chain data suggests otherwise for crypto whales. Insights from Santiment, a well-regarded on-chain analytics platform, indicate a notable surge in whale activity on the Litecoin blockchain since the final week of August.
While spikes in whale activity are not entirely new for Litecoin, this recent surge is particularly noteworthy as it occurs during a period of generally subdued whale trading activity across the broader cryptocurrency market.
Massive Surge In Whale Activity
The data provided by the Santiment dashboard offers valuable insights into Litecoin’s recent on-chain activity, particularly regarding the behavior of large-scale investors or crypto whales. Specifically, the data reveals a significant uptick in the number of daily whale transactions (those valued at over $100,000).
During the last week of August, the number of such transactions hovered around 800. However, by September 7, this figure had surged to approximately 1,100 transactions, representing a surge of over 25% in just one week.
This surge in whale transactions is not an isolated event but seems to be part of a broader trend of growing interest in Litecoin. In addition to the rise in large-value transactions, there has been a notable increase in the level of attention Litecoin has garnered across various social media platforms.
Santiment’s data also indicates a significant boost in the discussion rate surrounding Litecoin, which rose from under 0.3% at the end of August to approximately 2.922% by September 7.

What Does This Mean For Litecoin?
As noted by Santiment, such a notable rise in social media dominance is something to keep an eye on, “whether or not you are a fan of LTC.” The convergence of these factors, from increased whale activity to a sharp rise in social discussion, suggests that Litecoin may be on the radar of both major investors and the broader crypto community in the coming days or weeks.
At the time of writing, Litecoin is trading at $62 and is on a 2.6% decline in the past 24 hours. The crypto now finds itself trading just above a critical price floor of $61. Before this decline and during the social dominance noted by Santiment, Litecoin surged from $60 on August 28 before hitting a 30-day ceiling of $68.
Although the current price pullback is noteworthy, the continued momentum in social engagement could provide the fuel needed for Litecoin to stage another rally. #USNonFarmPayrollReport #litecoin #TON #BNBChainMemecoins #DOGSONBINANCE $SOL $USDC $ETH

Litecoin (LTC), one of the pioneering cryptocurrencies in the industry, has been at the center of attention in the last 10 days. As the crypto community eagerly awaits the upcoming halving event, Litecoin's price and market activity have experienced significant fluctuations. In this article, we delve into the key developments surrounding Litecoin in the past week, explore the concept of halving, and analyze its potential impact on the cryptocurrency's future.

Litecoin's Price Performance:

Over the last 10 days, Litecoin's price has been characterized by notable volatility. The cryptocurrency initially saw a surge in price as bullish sentiment swept the market. Litecoin's price reached a multi-month high, fueled by increasing adoption, growing interest from institutional investors, and the broader market's bullish momentum.

The Halving Event:

One of the most anticipated events in Litecoin's history is its halving, which is scheduled to occur every 840,000 blocks. The halving, a programmed mechanism within Litecoin's blockchain protocol, involves reducing the block reward miners receive for validating transactions by half. The event is designed to control inflation and ensure a more sustainable supply of Litecoin over time.

Litecoin's halving event, which happens approximately every four years, is expected to occur soon after the publication of this article. Traders and investors are closely monitoring this event, as previous halvings have historically impacted Litecoin's price and market dynamics.

Historical Halving Impact:

In the past, Litecoin's halving events have resulted in significant price movements. Both the 2015 and 2019 halvings saw notable increases in Litecoin's price in the months leading up to and following the events. The concept of scarcity introduced by halving often drives demand, as investors anticipate a potential reduction in supply. However, it is essential to remember that past performance does not guarantee future results, and other factors can also influence Litecoin's price.

Market Sentiment and Speculation:

As with any major event in the cryptocurrency market, halvings can fuel speculative trading and investor sentiment. Leading up to the halving, traders may engage in "buy the rumor, sell the news" behavior, resulting in increased price volatility. It is crucial for investors to approach Litecoin's halving with caution, keeping in mind that short-term price movements can be influenced by market sentiment and speculation.

Impact on Mining Activity:

Litecoin's halving also has implications for miners. With the block reward cut in half, miners' revenue is reduced, potentially impacting the profitability of mining operations. Some miners may decide to halt their mining activities temporarily until market conditions become more favorable. This, in turn, can affect the network's hash rate and mining difficulty.

As Litecoin approaches its highly anticipated halving event, the cryptocurrency has experienced significant price volatility in the last 10 days. Investors, traders, and enthusiasts are closely watching the market for signs of potential price movements following the halving.

Litecoin's halving is a crucial event that underscores the cryptocurrency's commitment to a sustainable supply schedule. While historical trends suggest possible price increases after the halving, investors should exercise caution and consider various factors that can influence Litecoin's price.

As always, it is essential for investors to conduct thorough research, stay informed about market developments, and exercise responsible risk management when engaging in cryptocurrency trading. The cryptocurrency market is highly speculative and can be subject to sudden changes in sentiment, making it crucial for investors to approach Litecoin's halving with a prudent and long-term perspective.

#bykaranteli #Binance #litecoin

Litecoin price consolidates inside a bullish pennant pattern that forecasts a 35% upswing to $125.

In a highly bullish case, investors can expect LTC to extend beyond $125 and tag the $131 hurdle.

A daily candlestick close below $87 will invalidate the bullish thesis.

Litecoin price shows a clear sign of tightening below a crucial hurdle. This development could reveal its intentions on April 10 as the second week of quarter two kickstarts. The formed setup forecasts a bullish outlook for LTC, so investors need to keep a close eye on the altcoin for potential breakouts.

Litecoin price prepares for new week’s volatility 

Litecoin price is hovering inside a bullish pennant formation. This technical setup contains a massive run-up followed by a tight consolidation. In this case, LTC’s 35% ascent between March 11 and 24 formed a flagpole. Following this is the ongoing consolidation in the form of a pennant. Combined, this formation is termed a bullish pennant.

This continuation pattern forecasts a 35% upswing which is obtained by adding the flagpole’s height to the breakout point. For Litecoin price, the breakout point could occur around $92, which reveals a target of $125. 

In addition to breaking out from the bullish pennant formation, Litecoin price needs to flip the $95 hurdle into a support floor. This move will be a secondary confirmation of an upswing. 

While the 35% forecast for Litecoin price is based on the bullish pennant formation, a failure to push past the formed setup and the $95 hurdle will signal weakness in the buyers’ camp. 

In such a case, if Litecoin price produces a daily candlestick close below the critical support level at $87, it will invalidate the pennant formation and its bullish thesis.

#Binance #crypto2023 #BTC #litecoin #keepbuilding

The global online news industry has seen significant growth in recent years, with more and more people turning to online sources for their news. However, this growth has also brought with it a number of challenges, including fake news, misinformation, and a lack of transparency. Blockchain technology offers a way to address these challenges and disrupt the way the global online news industry works.

Verification

One of the key challenges facing the online news industry is the proliferation of fake news and misinformation. Blockchain technology can help address this challenge by providing a way to verify the accuracy of news stories. By storing news stories on a decentralized blockchain, it becomes much more difficult for malicious actors to manipulate or fabricate news stories. This could help reduce the spread of fake news and misinformation, and restore trust in the online news industry.

Transparency

Another key challenge facing the online news industry is a lack of transparency. Many online news platforms are owned and operated by large corporations, which can make it difficult for readers to understand the motivations and biases behind the news stories they read. Blockchain technology can help address this challenge by providing a way to track the ownership and distribution of news stories. By storing this information on a decentralized blockchain, readers can have a more transparent view of how news stories are created, distributed, and consumed.

Monetization

Finally, blockchain technology can disrupt the way the online news industry is monetized. Traditionally, online news platforms have relied on advertising revenue to generate income. This has created a perverse incentive structure, in which news platforms are incentivized to maximize engagement and keep readers on their sites for as long as possible, regardless of the impact on readers' mental health or the quality of the news content.

Blockchain-based news platforms, on the other hand, can use token economics to incentivize positive behavior. For example, readers could be rewarded with tokens for verifying the accuracy of news stories, participating in constructive discussions, or supporting independent journalists. This would create a more positive incentive structure, in which readers are rewarded for contributing to the platform in a constructive and meaningful way.

Conclusion

The global online news industry is facing significant challenges, including fake news, misinformation, and a lack of transparency. However, blockchain technology offers a way to address these challenges and disrupt the way the industry works. By leveraging the power of verification, transparency, and token economics, blockchain-based news platforms can create a more fair, transparent, and accountable news ecosystem. This could help restore trust in the online news industry and ensure that readers have access to accurate, high-quality news content.

The article first appeared on: https://www.linkedin.com/pulse/how-blockchain-disrupt-global-online-news-industry-ninov-mba/

Subscribe for the Crypto & News Box Weekly Newsletter for more: https://www.linkedin.com/newsletters/crypto-gambling-news-box-7048975080478973952/

#96.com #Binance #bitcoin #litecoin #ethereum

Litecoin halving is a process where the mining reward for each block is cut in half. It happens approximately every four years and is meant to decrease the rate of coin production and increase the value of the coin.

Is halving good for miners?

Litecoin halving can be good for miners because it can increase the value of the coin. However, it can also decrease the amount of rewards they receive for mining.

If the price of Litecoin doesn't increase after the halving, miners may receive less rewards for their efforts. However, the decreased rate of coin production can help to create a more stable supply and demand ratio as halving will reduce the reward for miners and less mining reward means less available supply in the market.

The price of Litecoin should be attractive enough for miners to continue mining it. However, if the price doesn't increase after the halving, it may become less profitable for miners to mine Litecoin. I mean think about it for yourself , if you want to mine an altcoin you need an attractive price that will recover your electricity cost and provide you some good rate of returns.

The History of LiteCoin Chart After Halving

This is what Litecoin did post halving of 2019 price dropped 70% after halving.

Altcoin halving and bitcoin halving is different

Coins reward reduce after halving , Litecoin reward will be dropped to 6 LTC .

There is no comparison between bitcoin halving and ltc halving as bitcoin demand is much higher than litecoin. Each time a coin halves it reduces the profit as reward reduces and cost of mining remains the same.

Bitcoin is held by big mining firms and whales too. To keep the miners profitable whales / institutions or whatever you call it they keep the prices well above the mining costs and also as i mentioned above demand is the big factor as bitcoin demand is continuing to increase and supply is reducing it pushes the price up.

The case with #litecoin is different , many people mine altcoins to make money out of it. mining altcoins is risky as alts are volatile and pay less reward because of less prices. As the reward of litecoin will be reduced even more after this halving it will be less attractive for miners to mine it because electricity costs are going higher and the reward going down along with prices.

If you think #LTC will go up after halving , it is less likely in my opinion based on how price reacted in the past and how it will be even less profitable than before to attract the new miners.

LTC underwent a significant decline of 13%, dropping from $89.90 to $73.56. However, the downward movement continued as the price breached the ascending channel line, expecting further decline.

Currently, Litecoin is demonstrating a downtrend against the US Dollar, mirroring the movements of Bitcoin and Ethereum. If there is a noticeable breakthrough above the $74 threshold, it is probable that the price of #LTC will experience further declines.

In recent trading sessions, Bitcoin, Ethereum, Ripple, and #litecoin have primarily experienced bearish movements when paired with the US Dollar. Specifically, Litecoin faced resistance around the $92.00 level, triggering a subsequent downtrend.

Over the past four days, Litecoin (LTC) encountered multiple unsuccessful attempts to overcome the resistance level at $92. Despite efforts from buyers, the required momentum was lacking, leading to a subsequent price correction. Furthermore, the 4-hour chart of the LTC/USD pair witnessed a notable breach below the support level around $86. Additionally, Litecoin also experienced a break below the crucial support level at $82, followed by a decline below the $80 support level.

Following the breach of key support levels at $77 and $75, the price of Litecoin has even dipped close to the $73 support level. Currently, the price has reached a low of $73.56 and is in the process of consolidating its losses. It is important to note that Litecoin is currently trading below both the $80 level and the 21-hour simple moving average.

At present, LTC  is encountering resistance at the $78 level, creating a barrier to its upward movement. Moreover, on the 4-hour chart of the LTC/USD pair, a descending channel trend line is taking shape, indicating resistance at approximately $80. In the event of a clear and definitive breakthrough above the $80 resistance, there is potential for the price to advance towards the $83 level. Following this, a significant resistance level is positioned near $86, and continued progress could drive the price closer to the $90 level.

If LTC fails to surpass the $80 mark, initial support is projected to be situated around the $74 level. Following that, the next notable support level is expected at approximately $72. Should the price break below this $72 support level, it could potentially trigger an intensified decline towards the $65 level in the near term.

The LTC has a market capitalization of $5,616,443,955, according to Price Analysis. The 24-hour trading volume of the coin is nearly $995,885,370.

KEY LEVELS :

RESISTANCE LEVEL : $79-$83

SUPPORT LEVEL : $73-$70

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

#coingabbar #BinanceTournament #crypto2023

Litecoin price is still on its recovery path after the 13% knockout punch from bears last week.

LTC sees its recovery not going to plan as another rejection is unfolding.

Although this week might still close in the green, another decline is just around the corner.

Litecoin (LTC) price sees bulls recovering and trying to bounce back after the firm selloff from the previous week that bore a 13% loss. There was a firm recovery plan set forward that required bulls to at least jump back above $94.43. It looks like the Bulls will drop the ball on that plan and instead are risking another rejection for this week that could see another leg lower if pressure on the bottom side grows too big for the Bulls to bear.

Litecoin price, though underpinned, sees pressure building for a break lower

Litecoin price, even this week, sees its price action nicely underpinned with the floor at the monthly pivot near $85. That is as far as the good news goes, as the Bulls might have played their hand here by defending it so strongly. What would have been better was that Litecoin price broke above $95.43 and confirmed the recovery bounce it was going for.

LTC bulls are exposing themselves for another rejection as $94.43 remains unchallenged and could be seen as the second rejection after the one from last week at $104. With lower highs and flat bottom at $85, bears have a clear target where they want to push LTC price toward. Expect next week, pressure to keep building, and when $85 gives way, a quick $5 could be selling off towards $80 and test the 200-day Simple Moving Avreage for support.

The recovery could be put on hold and see smaller increments of recovery in the coming weeks. That means a very slow grind higher towards $94.43 for a test and break higher. Next up, of course, would be $104 for a third test and a possible successful break higher this time.

#Binance #litecoin #crypto2023 #LTC #eth2.0