Litecoin

Get Litecoin (LTC) all time high price, historical charts, latest news and other information.

Despite failing to overcome $23,500 once again in the past 24 hours, BTC is still slightly in the green today and stands above $23,000.
The altcoins are quite calm today, as only Litecoin stands out as a notable gainer.
Bitcoin Firm Above $23K
The start of last weekend saw bitcoin’s price surge from $21,000 to and beyond $23,000. Somewhat expectedly, reaching the latter meant tapping a multi-month high since BTC was stuck around $17,000 for months.
The cryptocurrency spent most of the week in a range between $22,000 and $23,000, aside from a couple of brief price pumps. The most notable one took the asset to $23,800, which became the new highest price point since September.
However, each attempt was intercepted quickly by the bears, and they didn’t allow new local peaks. Then came the US GDP data and the PCE numbers, but they didn’t bring any substantial volatility.
As such, BTC entered the weekend at just under $23,000. It shot up to $23,300 (on Bitstamp), and even though it has retraced slightly since then, it still trades north of $23,000 as of now.
Its market cap has jumped to just over $445 billion, while its dominance over the alts sits at 42.3%.
BTCUSD. Source: TradingView
LTC 7.5% Up
Litecoin stands out as the most impressive performer from the larger-cap altcoins today. It is up by over 7% and trades close to $100, which is its highest price point since May 6.
LEO and APT are the other larger caps well in the green today. Both are up by around 3% and trade at $3.7 and $18, respectively.
Ethereum, Binance Coin, Ripple, Cardano, Polygon, and OKB are quite calmer today, with gains of up to 1%.
With the rest of the market trading with little-to-no volatility now, it’s somewhat normal that the cumulative market cap of all crypto assets is quiet at just over $1.050 trillion.
Cryptocurrency Market Overview. Source: Quantify Crypto
The post Weekend Watch: Litecoin Soars 7.5% to 8-Month High, Bitcoin Stands Above $23K appeared first on CryptoPotato.

LTC is among the few altcoins with an impressive price surge over the past 24 hours. 

cryptopotato.com

Weekend Watch: Litecoin Soars 7.5% to 8-Month High, Bitcoin Stands Above $23K

The Litecoin price has shown considerable recovery ever since it reached its bottom in December 2022. LTC secured almost 50% appreciation in January this year. Currently, however, the altcoin has witnessed a price pullback and is consolidating on its daily chart.
Over the last 24 hours, the Litecoin price moved down by 0.3%, which signified a range-bound movement. The altcoin also lost close to 3% of its market value. The technical outlook of Litecoin pointed towards bullish momentum as demand for the altcoin remained high on the daily chart.

Accumulation also reflected the same. Price noted a decline as LTC receded from the overbought zone. Buyers still have the upper hand on the chart.
A continued fall in accumulation will cause bears to secure Litecoin’s price action. That momentum would continue for the upcoming week, causing LTC to fall below its nearest support level. At the time of writing, LTC was trading 78% below its all-time high set in 2021.
Litecoin Price Analysis: One-Day Chart

LTC was trading at $88.11 at the time of writing. The coin has pierced through several resistance lines over the past several weeks but has failed to hold on to the momentum. LTC met with two rigid resistance levels before it started to move south again.
The two important resistance lines for the coin stood at $90 and $92. Immediate resistance stood at $90. If demand for the altcoin remains steady, then LTC might attempt to breach the $90 price mark.
On the flipside, the nearest support line for the Litecoin price stood at $86, and a continued price correction will force LTC to fall below the $86 price mark and settle at $82. The amount of LTC traded in the last session was red, indicating a fall in buyers.
Technical Analysis

The altcoin has been hovering in the overbought region for several weeks now, and at the moment there is a slight fall in demand for Litecoin. The Relative Strength Index stood a little below the 60-mark after it noted a recent downtick indicating that demand was shrinking.
A reading close to the 60-mark, however, signifies that buyers outnumbered sellers. In accordance with that, LTC price shot past the 20-Simple Moving Average (SMA) line as buyers were driving the price momentum in the market.
The coin was also above the 50-SMA (yellow) and 200-SMA (green) lines, indicating increased bullishness.

Concerning the fall in buying pressure, the LTC chart displayed a sell signal on the one-day chart. The Moving Average Convergence Divergence (MACD), which depicts market momentum, underwent a bearish crossover and formed red signal bars tied to sell signals.

This could also imply that the price will fall in the coming trading sessions. The Parabolic SAR, the indicator that reads the trend and change in price momentum, was still positive. The dotted lines were below the candlesticks, suggesting that the LTC price was still positive.



The Litecoin price has shown considerable recovery ever since it reached its bottom in December 2022. LTC secured almost 50% appreciation in January this year. Currently, however, the altcoin has witnessed a price pullback and is consolidating on its daily chart. Over the last 24 hours, the Litec...

newsbtc.com

Litecoin (LTC) Displays Consolidation – Can We Expect A Reversal Soon?

A bill has been introduced in the U.S. state of New York to allow state agencies to accept cryptocurrency payments, including bitcoin, ether, litecoin, and bitcoin cash. The legislation proposes allowing crypto to be used as “a means of payment of fines, civil penalties, rent, rates, taxes, fees, charges,” and more.
Bill to Allow State Agencies to Accept Crypto Payments
New York State Assembly member Clyde Vanel introduced a bill Thursday that “establishes cryptocurrencies as a form of payment for state agencies,” according to the bill’s description on the New York State Senate website. Assembly Bill A2532 has been referred to the New York State Assembly Committee on Government Operations. According to its summary, the bill:
Establishes that state agencies are allowed to accept cryptocurrencies such as bitcoin, ethereum, litecoin and bitcoin cash as payment.
The bill seeks to amend New York’s state finance law by adding “cryptocurrency as a form of payment.” The legislation defines cryptocurrency as “any form of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank including but not limited to, bitcoin, ethereum, litecoin, and bitcoin cash.”

According to its text, the bill proposes authorizing state agencies to enter into agreements with individuals or entities to accept cryptocurrency “as a means of payment of fines, civil penalties, rent, rates, taxes, fees, charges, revenue, financial obligations or other amounts, including penalties, special assessments and interest, owed to state agencies.”
This week, Arizona State Senator Wendy Rogers introduced a similar bill to allow state agencies to accept cryptocurrency. She also launched a bill to make bitcoin legal tender in her state.
Do you think this bill will pass and state agencies will be able to accept crypto payments? Let us know in the comments section below.


A bill has been introduced in the U.S. state of New York to allow state agencies to accept cryptocurrency payments, including bitcoin, ether, litecoin, and bitcoin cash. The legislation proposes allowing crypto to be used as &#8220;a means of payment of fines, civil penalties, rent, rates, taxes,...

news.bitcoin.com

New York Considers Bill to Establish Cryptocurrency as a Form of Payment for State Agencies

New data from crypto analytics platform Santiment reveals that whale transactions are spiking for Litecoin (LTC), Polygon (MATIC) and two Ethereum (ETH)-based altcoins.
According to the market intelligence firm, Bitcoin (BTC) alternative Litecoin is experiencing a resurgence of whale activity that could result in another price explosion of more than 30%, which is what happened the last two times whale activity centered around LTC spiked.

“Litecoin’s large whale transactions have exploded with activity, indicating a resurgence of transactions that are valued at $1 million or more. On the tail end of the last two similarly sized whale spikes, prices jumped +37% and +33% at their peaks.”
Source: Santiment/Twitter
At time of writing, Litecoin is changing hands at $87.29. A 30% price increase would bring Litecoin to a value of about $114.
Santiment also says the networks of layer-1 protocol Aave (AAVE), decentralized exchange DyDx (DYDX) and scaling solution Polygon have seen a huge increase in whale transactions in the past month, adding that their prices have also seen big increases.
“AAVE (+56% 30-day price), MATIC (+35%), and DYDX (+94%) have all seen dramatic rises in the amount of whale transactions on their respective networks over the past month. The increased large address interest in these assets should be watched closely.”
Source: Santiment/Twitter
At time of writing, DyDx is changing hands for $2.51 while Aave and Polygon are moving for $87.33 and $1.17, respectively.
The crypto analytics platform goes on to note that altcoins overall are having a strong rally to start the year, and the upswing looks like it may continue.
“Altcoins are on another impressive run, with several notable assets up 20% or more. After a five-day crypto dip, prices are seeing little resistance. Social spikes and FOMO (fear of missing out) may cause a top, or traders will scoff at this run (allowing rallies to continue).”
Source: Santiment/Twitter
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The post Whales Are Pouncing on Litecoin, Polygon and Two Ethereum-Based Altcoins, Says Analytics Firm Santiment appeared first on The Daily Hodl.


New data from crypto analytics platform Santiment reveals that whale transactions are spiking for Litecoin (LTC), Polygon (MATIC) and two Ethereum (ETH)-based altcoins. According to the market intelligence firm, Bitcoin (BTC) alternative Litecoin is experiencing a resurgence of whale activity tha...

dailyhodl.com

Whales Are Pouncing on Litecoin, Polygon and Two Ethereum-Based Altcoins, Says Analytics Firm Santiment

The blockchain network Litecoin’s computational power reached an all-time high (ATH) on Wednesday, Jan. 25, 2023, at block height 2,411,048, reaching 798.43 terahash per second (TH/s). In addition, Litecoin’s difficulty also reached an all-time high this week, hitting 23,505,031 the following day.
Litecoin’s Computational Power Climbs 38% in 30 Days
A significant amount of hashrate has been dedicated to the Litecoin (LTC) network over the last 30 days as the blockchain’s computational power climbed 38% higher from 576 terahash per second (TH/s) on Dec. 28, 2022, to the all-time high of 798 TH/s recorded on Jan. 25, 2023. Currently, Litecoin’s hashrate on Jan. 28, 2023, is around 691 TH/s, which is 20% higher than the hashrate last month. Litecoin’s price has also been climbing higher as LTC’s value increased by 34% against the U.S. dollar in the past 30 days.

The all-time high hashrate of 798 terahash per second (TH/s) is roughly 202 TH/s away from a single petahash per second (PH/s), which equates to 0.798 PH/s. Viabtc is the top Litecoin mining pool with 192 TH/s, or 27% of the total Litecoin hashrate. The crypto mining pool Viabtc is followed by F2pool (121 TH/s), Antpool (104 TH/s), Litecoinpool.org (77 TH/s), and Binance (69 TH/s), respectively. All five Litecoin mining pools also participate in dogecoin (DOGE) merge mining through a process called auxiliary proof-of-work (AuxPoW).

Litecoin will be the first of a few proof-of-work (PoW) cryptocurrencies to halve its mining reward, as its network precedes protocols like Bitcoin Cash (BCH), Bitcoinsv (BSV), and Bitcoin (BTC). The LTC network is expected to reduce its reward from 12.5 LTC to 6.25 LTC on or around Aug. 3, 2023. Litecoin’s difficulty increased to 23.50 million on Jan. 26, and it was 3.28% higher over the last three days. Like Bitcoin, Litecoin’s difficulty adjustment occurs every 2,016 blocks, but LTC blocks are discovered at a rate of about 2.5 minutes per block.

This means Litecoin’s difficulty adjustment retargets every three days to keep the block time at a consistent rate. In the last month, the difficulty increased by 14.80%, and it rose 32.41% in the last 90 days. LTC has lost much of its market dominance since its early days, as it was once the second-largest cryptocurrency by market capitalization at the end of Jan. 2014. By the next year, around the same time, it was knocked down to the third-largest cryptocurrency by market cap. In the years following, LTC has gradually dropped to its current 17th position.

Interest in LTC has also dropped since 2013, as data from Google Trends (GT) indicates that, out of a score from 1-100, the search term “Litecoin” reached a score of 6 in 2013. In Dec. 2017, the term reached the highest score of 100, but today the score is half of what it was in 2013, at 3. GT data further shows that the search term “Litecoin” saw a rebound at the end of 2020, and a much larger spike throughout 2021. Most interest in Litecoin comes from Nigeria, the Netherlands, Czechia, the United States, and Slovenia.
What do you think the future holds for the Litecoin network as it approaches its next mining reward halving in August 2023? Share your thoughts and predictions in the comments below.






The blockchain network Litecoin&#x2019;s computational power reached an all-time high (ATH) on Wednesday, Jan. 25, 2023, at block height 2,411,048, reaching 798.43 terahash per second (TH/s). In addition, Litecoin&#x2019;s difficulty also reached an all-time high this week, hitting 23,505,031 the...

Litecoin price	$94.93
Low - High 24H	$94.32 - $97.60
Market cap	$6.86B
Volume 24H	$1.01B
All time high	$410.26 -76.82% May 10th 2021
All time low	$1.15 8176.34% January 14th 2015
Genesis date	N/A

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