Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bullish Continuation for XRP price shows possible recovery up to $ 4

2025-05-11

Bonk ready for launch like Bulls focuses on long-term SMA-Breakout

2025-05-11

Metis launches Hyperion Testnet with $ 400k rewards and AI Focus

2025-05-11
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Metis launches Hyperion Testnet with $ 400k rewards and AI Focus

    2025-05-11

    Soonchain integrates into AGNT-HUB to elevate AI-driven web3 gaming

    2025-05-10

    China’s Beijing unveils 2-year DLT Development Action Plan

    2025-05-10

    Nexera and Pinkchain unite to Tokenize € 1.1 billion real estate pipeline with Shariah-compliant products

    2025-05-10

    Mint Blockchain integrates Chainlink CCIP to feed cross-chain connectivity

    2025-05-10
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Bullish Continuation for XRP price shows possible recovery up to $ 4

    2025-05-11

    Top US Crypto Exchange Coinbase to acquire Derivativa Platform Deribit

    2025-05-10

    Bitcoin – Price is rising by $ 100k – Bull Market officially back?

    2025-05-10

    JPMorgan Chase warns US shares ‘Not a good place to verbat’ as billionaire Paul Tudor Jones Braces for fresh market Lows

    2025-05-10

    Partially completed Wave 5 says there is still room to run

    2025-05-10
  • Learn

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Litecoin Flashes Signs of Bullish Reversal Amid Selling Sentiment: What’s the Next LTC Price Move?
Altcoins

Litecoin Flashes Signs of Bullish Reversal Amid Selling Sentiment: What’s the Next LTC Price Move?

2023-09-12No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

In a trading environment where a bearish outlook has taken center stage, leading to heavy asset liquidation every hour, Litecoin (LTC) is capturing attention for all the right reasons. As traders prepare for another wave of selling pressure following tomorrow’s highly awaited court approval that will enable FTX to offload its $3.4 billion in cryptocurrency holdings, Litecoin flashes promising signs. The LTC price is signaling a potential bullish reversal, backed by encouraging on-chain data. 

Litecoin’s Long-Term Holders Gain Confidence 

The altcoin market is currently facing concerns of a significant selloff starting tomorrow if FTX gets court approval to liquidate its crypto stash. However, LTC price has been on a recovery trend after breaking below the crucial support of $60. 

The health and demand of the LTC token have been bullish, as revealed by IntoTheBlock’s data. The long-term holders are bullish on Litecoin’s future trajectory as the addresses holding Litecoin above one year have touched an all-time high. The metric has been surging exponentially since June, and it has now touched the 5.02 million mark. 

The number of addresses has grown by 602,000 since Litecoin’s 2023 peak price of $114.5 on July 2. In the same timeframe, these addresses have also seen a rise in their Litecoin holdings by 3.2 million LTC.

This suggests that even amidst the declining price, a significant number of current network users continue to have faith in Litecoin’s long-term potential. 

Moreover, whales with Litecoin balances ranging from 10,000 to 100 million LTC are displaying signs of optimism. According to data from Santiment, these large holders have paused their week-long selling spree and bought 40,000 LTC in the price dip in the past two days. At the current price of around $60 per coin, these new purchases amount to an estimated value of $2.4 million. 

See also  XLM price forecast before March 28

What’s Next For LTC Price?

Litecoin price witnessed a rebound in the last few hours as buyers created a buying sentiment near the dip of $57. LTC price surged toward the 20-day Exponential Moving Average (EMA) at $60.8 but failed to break through, indicating strong resistance from bearish traders at this level. As of writing, LTC price is trading at $60.48, surging over 1.8% from yesterday’s rate. 

As bears failed to breach the key support level at $53, it suggests that sell-off pressure fades at these lower prices. The Relative Strength Index (RSI) appears to be forming a positive divergence as it heads toward the midline, signaling weakening selling momentum.

A significant bullish indicator would be a successful break and closing above the 20-day EMA, paving the way for a more robust recovery toward $65. Further surge might take the price toward $76. 

Conversely, if the support at $53 gives way, the LTC price could enter a downward trajectory. In this case, we might see the price dropping to the crucial $47 level. 



Source link

#LTC Bullish Flashes Litecoin Move Price Reversal Selling Sentiment signs Whats
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bullish Continuation for XRP price shows possible recovery up to $ 4

2025-05-11

Bonk ready for launch like Bulls focuses on long-term SMA-Breakout

2025-05-11

Ethereum’s TVL Spikes after 53%: Is this the sign of a large Eth -Rally?

2025-05-10

Bitcoin Advanced NVT is above this critical threshold – what it means for price action

2025-05-10
Add A Comment

Comments are closed.

Top Posts

PancakeSwap plummets 24% amid discussions of reduced stake rewards

2023-04-30

Hedera transaction volume increases ten times in Q4 2024: what’s driving this?

2025-01-26

Avalanche fights to stay above $ 19 – Avax can only hold if …

2025-03-10
Editors Picks

These top cryptos show signs of price stagnation: how and why?

2025-02-10

Vertex integrates Chainlink data streams for a lightning-fast DEX experience

2024-04-20

Litecoin (LTC) at a crossroads: can it recover and rise?

2024-11-21

If Nvidia and AWS had a Web3 baby…

2024-04-14
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bullish Continuation for XRP price shows possible recovery up to $ 4

Bonk ready for launch like Bulls focuses on long-term SMA-Breakout

Metis launches Hyperion Testnet with $ 400k rewards and AI Focus

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,729.130.12%
  • ethereumEthereum(ETH)$2,517.866.93%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.38-0.10%
  • binancecoinBNB(BNB)$658.86-0.37%
  • solanaSolana(SOL)$174.501.87%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2336435.21%
  • cardanoCardano(ADA)$0.801.71%
  • tronTRON(TRX)$0.2631820.23%
  • suiSui(SUI)$3.980.60%
  • chainlinkChainlink(LINK)$16.612.83%
  • avalanche-2Avalanche(AVAX)$24.874.64%
  • stellarStellar(XLM)$0.3080862.50%
  • shiba-inuShiba Inu(SHIB)$0.0000163.07%
  • hedera-hashgraphHedera(HBAR)$0.2084331.83%
  • the-open-networkToncoin(TON)$3.412.37%
  • bitcoin-cashBitcoin Cash(BCH)$411.98-0.96%
  • hyperliquidHyperliquid(HYPE)$24.36-1.78%
  • polkadotPolkadot(DOT)$5.060.02%
  • litecoinLitecoin(LTC)$102.13-1.30%
  • unus-sed-leoUNUS SED LEO(LEO)$8.31-4.20%
  • piPi(PI)$0.9428.13%
  • moneroMonero(XMR)$322.873.30%
  • bitget-tokenBitget Token(BGB)$4.975.09%
  • pepePepe(PEPE)$0.0000131.62%
  • daiDai(DAI)$1.00-0.03%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$7.119.86%
  • nearNEAR Protocol(NEAR)$3.269.92%
  • bittensorBittensor(TAO)$449.760.97%
  • aptosAptos(APT)$5.934.37%
  • okbOKB(OKB)$55.530.84%
  • aaveAave(AAVE)$220.113.45%
  • ondo-financeOndo(ONDO)$1.041.65%
  • ethereum-classicEthereum Classic(ETC)$19.993.38%
  • internet-computerInternet Computer(ICP)$5.591.54%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.87-3.04%
  • kaspaKaspa(KAS)$0.1058700.83%
  • gatechain-tokenGateToken(GT)$22.24-0.24%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2618241.56%
  • render-tokenRender(RENDER)$5.264.24%
  • vechainVeChain(VET)$0.0311461.95%
  • crypto-com-chainCronos(CRO)$0.100679-1.28%
  • mantleMantle(MNT)$0.780.70%
  • ethenaEthena(ENA)$0.3971117.07%
  • arbitrumArbitrum(ARB)$0.46760421.57%
  • usd1World Liberty Financial USD(USD1)$1.00-0.09%
  • filecoinFilecoin(FIL)$3.194.80%
  • algorandAlgorand(ALGO)$0.2437433.83%
  • bitcoinBitcoin(BTC)$103,729.130.12%
  • ethereumEthereum(ETH)$2,517.866.93%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.38-0.10%
  • binancecoinBNB(BNB)$658.86-0.37%
  • solanaSolana(SOL)$174.501.87%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2336435.21%
  • cardanoCardano(ADA)$0.801.71%
  • tronTRON(TRX)$0.2631820.23%
  • suiSui(SUI)$3.980.60%
  • chainlinkChainlink(LINK)$16.612.83%
  • avalanche-2Avalanche(AVAX)$24.874.64%
  • stellarStellar(XLM)$0.3080862.50%
  • shiba-inuShiba Inu(SHIB)$0.0000163.07%
  • hedera-hashgraphHedera(HBAR)$0.2084331.83%
  • the-open-networkToncoin(TON)$3.412.37%
  • bitcoin-cashBitcoin Cash(BCH)$411.98-0.96%
  • hyperliquidHyperliquid(HYPE)$24.36-1.78%
  • polkadotPolkadot(DOT)$5.060.02%
  • litecoinLitecoin(LTC)$102.13-1.30%
  • unus-sed-leoUNUS SED LEO(LEO)$8.31-4.20%
  • piPi(PI)$0.9428.13%
  • moneroMonero(XMR)$322.873.30%
  • bitget-tokenBitget Token(BGB)$4.975.09%
  • pepePepe(PEPE)$0.0000131.62%
  • daiDai(DAI)$1.00-0.03%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$7.119.86%
  • nearNEAR Protocol(NEAR)$3.269.92%
  • bittensorBittensor(TAO)$449.760.97%
  • aptosAptos(APT)$5.934.37%
  • okbOKB(OKB)$55.530.84%
  • aaveAave(AAVE)$220.113.45%
  • ondo-financeOndo(ONDO)$1.041.65%
  • ethereum-classicEthereum Classic(ETC)$19.993.38%
  • internet-computerInternet Computer(ICP)$5.591.54%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.87-3.04%
  • kaspaKaspa(KAS)$0.1058700.83%
  • gatechain-tokenGateToken(GT)$22.24-0.24%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2618241.56%
  • render-tokenRender(RENDER)$5.264.24%
  • vechainVeChain(VET)$0.0311461.95%
  • crypto-com-chainCronos(CRO)$0.100679-1.28%
  • mantleMantle(MNT)$0.780.70%
  • ethenaEthena(ENA)$0.3971117.07%
  • arbitrumArbitrum(ARB)$0.46760421.57%
  • usd1World Liberty Financial USD(USD1)$1.00-0.09%
  • filecoinFilecoin(FIL)$3.194.80%
  • algorandAlgorand(ALGO)$0.2437433.83%