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

Brian Armstrong says that Coinbase considered placing 80% of the balance in crypto, but decided to be against it: report

2025-05-12

Solana (SOL) ready for taking off – Bulls prepares for rally reboot

2025-05-12

Kalps integrates with ENI to promote blockchain -innovation and RWA -Tokenization

2025-05-12
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

    Kalps integrates with ENI to promote blockchain -innovation and RWA -Tokenization

    2025-05-12

    EMC protocol joins Dagama to restore confidence in Real-World reviews

    2025-05-11

    Stability World AI and Web3 decision unite to reform the confidence in decentralized ecosystems

    2025-05-11

    DAC and Origo Partner to transform health care via Web3 Innovation

    2025-05-11

    Tether to make non-right wallet template: Details

    2025-05-11
  • NFT

    NFT -turns 10.6% to $ 115 million, Doodles Rally 500%

    2025-05-11

    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
  • 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

    Brian Armstrong says that Coinbase considered placing 80% of the balance in crypto, but decided to be against it: report

    2025-05-12

    Bitcoin Price Breakout Brewing: Has a huge rally just started?

    2025-05-11

    This is what a comeback could activate for Bitcoin and Crypto, according to investor than Tapiero

    2025-05-11

    XRP has to close above these price levels to make Beararish forecast invalid

    2025-05-11

    Standard Chartered Analy supports Bitcoin -Price forecast, now calls $ 120,000 BTC ‘Too Low’: Report

    2025-05-11
  • 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’s Bearish Pressure Intensifies As Accumulation Lacks Confidence – What’s Next For LTC Price?
Altcoins

Litecoin’s Bearish Pressure Intensifies As Accumulation Lacks Confidence – What’s Next For LTC Price?

2023-08-28No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

In the past 30 days, the price of Litecoin (LTC) has experienced a downward trend, dropping nearly 30% since its halving event. This decline has presented investors with a tempting chance to heavily accumulate the altcoin. However, even with increased accumulation at its lower price points, Litecoin has not managed to generate sufficient buying pressure. Consequently, a steep drop could be imminent if LTC falls below its support level, regardless of any ongoing accumulation.

Confidence Among LTC Holders Declines 

Following Litecoin’s halving event in early August, the altcoin has alternated between periods of consolidation and decline. This pattern has fueled discussions about whether LTC can replicate its past post-halving surges. 

According to data from Glassnode, the Hodler Net Position Change stood at 362,378. This metric tracks the monthly position shifts among long-term investors of a particular asset. A negative value suggests a mass liquidation.

Conversely, a positive Hodler Net Position Change indicates that long-term holders, or HODLers, are acquiring new positions. The chart reveals that a considerable amount of LTC was sold off before the halving event. However, the subsequent shift towards significant accumulation suggests that HODLers have renewed confidence in Litecoin’s price trajectory, potentially signaling a new peak in the near term. 

Interestingly, Litecoin’s OI-Weighted funding rate has risen from -0.025% on August 20 to 0.004%. Positive funding rates indicate bullish sentiment, as long-position traders pay short-position traders to maintain their contracts. However, the average balance metric has been declining steadily as it dropped from a high of $671 on 13 August to $528 as of today. 

This indicates declining trader confidence in holding Litecoin, as there’s a possibility of a significant drop if LTC fails to generate enough buying pressure to maintain its crucial $60 support level. 

See also  Founder of Cardano reveals what will be on board 3 billion new users in crypto

What’s Next For LTC Price?

Litecoin’s price recently attempted to break above the consolidation by surging above $66-$67; however, it couldn’t maintain those gains, indicating a strong bearish defense at that level. As of writing, LTC price trades at $65.03, declining over 0.7% in the last 24 hours. 

The declining moving averages and RSI struggling around the midline suggest that bears are still dominating the market. Sellers are aiming to pull the price toward the lower end of the consolidated pattern, and if successful, we could see LTC price testing the $60 support level. 

A decline below $60 will initiate a strong selling sentiment, plunging Litecoin’s price toward $47. Conversely, bulls aren’t giving up easily, as they’re expected to defend the support zone of $60 and aim to push the price above the 50-day EMA of $66. If they manage this, it would imply that the LTC price could continue to fluctuate within a bullish zone and might surge toward $76.



Source link

#LTC Accumulation Bearish Confidence Intensifies lacks Litecoins pressure Price Whats
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Solana (SOL) ready for taking off – Bulls prepares for rally reboot

2025-05-12

Bitcoin Price Breakout Brewing: Has a huge rally just started?

2025-05-11

Arbitrum rallies 26% per day: ARB can only push $ 0.5050 if …

2025-05-11

EMC protocol joins Dagama to restore confidence in Real-World reviews

2025-05-11
Add A Comment

Comments are closed.

Top Posts

Coinbase’s core network prioritizes growth without a native token

2024-12-02

BitCountry Unveils InnoVoy Event, a Paradigm Shift in Polkadot’s Web3 Identity Landscape

2024-01-15

Will Bitcoin price hit $25,000 anytime soon? Analysts suggest….

2023-05-09
Editors Picks

FTX Fraud: Who Are Sam Bankman-Fried’s Biggest Victims?

2023-05-01

Trader Who Called 2023 Crypto Rally Has ‘Gut Feeling’ on Bitcoin’s Next Big Move

2023-07-26

Has Satoshi Nakamoto finally been revealed? What the HBO documentary says…

2024-10-04

Singapore Gulf Bank tackles global financial obstacles with crypto-oriented SGB network launch

2025-05-01
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

Brian Armstrong says that Coinbase considered placing 80% of the balance in crypto, but decided to be against it: report

Solana (SOL) ready for taking off – Bulls prepares for rally reboot

Kalps integrates with ENI to promote blockchain -innovation and RWA -Tokenization

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)$104,539.460.96%
  • ethereumEthereum(ETH)$2,561.463.73%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.423.06%
  • binancecoinBNB(BNB)$662.951.18%
  • solanaSolana(SOL)$177.632.88%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2467057.85%
  • cardanoCardano(ADA)$0.835.29%
  • tronTRON(TRX)$0.2674282.53%
  • suiSui(SUI)$4.226.80%
  • chainlinkChainlink(LINK)$17.617.67%
  • piPi(PI)$1.6075.08%
  • avalanche-2Avalanche(AVAX)$26.448.47%
  • shiba-inuShiba Inu(SHIB)$0.0000177.46%
  • stellarStellar(XLM)$0.3150034.07%
  • hedera-hashgraphHedera(HBAR)$0.2163975.99%
  • the-open-networkToncoin(TON)$3.505.04%
  • hyperliquidHyperliquid(HYPE)$25.165.06%
  • polkadotPolkadot(DOT)$5.316.78%
  • bitcoin-cashBitcoin Cash(BCH)$414.991.71%
  • litecoinLitecoin(LTC)$102.872.63%
  • unus-sed-leoUNUS SED LEO(LEO)$8.340.58%
  • moneroMonero(XMR)$348.198.98%
  • pepePepe(PEPE)$0.00001515.89%
  • bitget-tokenBitget Token(BGB)$4.943.78%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$7.202.91%
  • bittensorBittensor(TAO)$475.607.06%
  • nearNEAR Protocol(NEAR)$3.273.21%
  • aptosAptos(APT)$6.094.42%
  • ondo-financeOndo(ONDO)$1.097.09%
  • aaveAave(AAVE)$225.113.72%
  • kaspaKaspa(KAS)$0.12875623.44%
  • okbOKB(OKB)$55.56-0.27%
  • internet-computerInternet Computer(ICP)$6.029.10%
  • ethereum-classicEthereum Classic(ETC)$20.554.77%
  • vechainVeChain(VET)$0.0333829.30%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.184.70%
  • render-tokenRender(RENDER)$5.426.23%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2641662.38%
  • mantleMantle(MNT)$0.815.32%
  • crypto-com-chainCronos(CRO)$0.1021423.75%
  • gatechain-tokenGateToken(GT)$21.96-0.92%
  • ethenaEthena(ENA)$0.4281409.84%
  • arbitrumArbitrum(ARB)$0.4650551.88%
  • filecoinFilecoin(FIL)$3.264.40%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.905.36%
  • usd1World Liberty Financial USD(USD1)$1.000.12%
  • bitcoinBitcoin(BTC)$104,539.460.96%
  • ethereumEthereum(ETH)$2,561.463.73%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.423.06%
  • binancecoinBNB(BNB)$662.951.18%
  • solanaSolana(SOL)$177.632.88%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2467057.85%
  • cardanoCardano(ADA)$0.835.29%
  • tronTRON(TRX)$0.2674282.53%
  • suiSui(SUI)$4.226.80%
  • chainlinkChainlink(LINK)$17.617.67%
  • piPi(PI)$1.6075.08%
  • avalanche-2Avalanche(AVAX)$26.448.47%
  • shiba-inuShiba Inu(SHIB)$0.0000177.46%
  • stellarStellar(XLM)$0.3150034.07%
  • hedera-hashgraphHedera(HBAR)$0.2163975.99%
  • the-open-networkToncoin(TON)$3.505.04%
  • hyperliquidHyperliquid(HYPE)$25.165.06%
  • polkadotPolkadot(DOT)$5.316.78%
  • bitcoin-cashBitcoin Cash(BCH)$414.991.71%
  • litecoinLitecoin(LTC)$102.872.63%
  • unus-sed-leoUNUS SED LEO(LEO)$8.340.58%
  • moneroMonero(XMR)$348.198.98%
  • pepePepe(PEPE)$0.00001515.89%
  • bitget-tokenBitget Token(BGB)$4.943.78%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$7.202.91%
  • bittensorBittensor(TAO)$475.607.06%
  • nearNEAR Protocol(NEAR)$3.273.21%
  • aptosAptos(APT)$6.094.42%
  • ondo-financeOndo(ONDO)$1.097.09%
  • aaveAave(AAVE)$225.113.72%
  • kaspaKaspa(KAS)$0.12875623.44%
  • okbOKB(OKB)$55.56-0.27%
  • internet-computerInternet Computer(ICP)$6.029.10%
  • ethereum-classicEthereum Classic(ETC)$20.554.77%
  • vechainVeChain(VET)$0.0333829.30%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.184.70%
  • render-tokenRender(RENDER)$5.426.23%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2641662.38%
  • mantleMantle(MNT)$0.815.32%
  • crypto-com-chainCronos(CRO)$0.1021423.75%
  • gatechain-tokenGateToken(GT)$21.96-0.92%
  • ethenaEthena(ENA)$0.4281409.84%
  • arbitrumArbitrum(ARB)$0.4650551.88%
  • filecoinFilecoin(FIL)$3.264.40%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.905.36%
  • usd1World Liberty Financial USD(USD1)$1.000.12%