Litecoin price spikes to 7-month high as dormant coins move

Litecoin price spikes to 7-month high as dormant coins move
фото показано с : invezz.com

2022-12-6 16:07

Litecoin (LTC/USD) has soared more than 9% in the past 24 hours, trading as high as $84.97 on US cryptocurrency exchange Coinbase early Monday. The upside brought LTC price to its highest level in seven months, on-chain data platform Santiment highlighted in a tweet.

Indeed, the buy pressure for the digital silver makes it the biggest gainer among the top 20 coins based on current market capitalization. CoinGecko data ranks Litecoin 13th with a market cap of $5.9 billion. The two next biggest gainers are Shiba Inu in 14th and Solana in 17th spot, which have seen an increase of 5.8% and 4.2% respectively as of writing

Why Litecoin price is spiking

In late November, Invezz reported on Litecoin price’s sudden jump above $80, which Santiment attributed to increased accumulation of LTC by shark addresses.

Now on-chain data suggest a spike in the number of dormant tokens on the move, the largest in four years.

“Litecoin jumped above $83 on a big +8% surge in just an hour while the rest of the markets have been relatively quiet. 3 weeks ago, @santimentfeed measured the largest amount of dormant tokens being moved in 4 years. $LTC’s price has jumped +47% since.”

⚡️ #Litecoin jumped above $83 on a big +8% surge in just an hour while the rest of the markets have been relatively quiet. 3 weeks ago, @santimentfeed measured the largest amount of dormant tokens being moved in 4 years. $LTC's price has jumped +47% since. https://t.co/pV5t8zBP0w pic.twitter.com/DFLT7UnNQC

— Santiment (@santimentfeed) December 5, 2022

LTC price is also surging amid the Litecoin network’s hashrate jump to a new all-time high. Over the past few weeks, the hashrate has hovered above 550 terahashes per second (TH/s). However, as we highlighted here, it spiked to 626.75 HT/s over the weekend.

The post Litecoin price spikes to 7-month high as dormant coins move appeared first on Invezz.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Litecoin (LTC) на Currencies.ru

$ 78.62 (-0.31%)
Объем 24H $336.705m
Изменеия 24h: -1.95 %, 7d: -2.12 %
Cегодня L: $78.36 - H: $79.44
Капитализация $5.86b Rank 19
Цена в час новости $ 81.1 (-3.06%)

ltc litecoin high price upside brought early

Источник: invezz.com

ltc litecoin → Результатов: 126


Litecoin (LTC) Performs Better Than Bitcoin In Last 24 Hours – Upward Motion In The Coming Days?

Litecoin (LTC) has been having a rough time pumping its value since 2022’s big market meltdown. The majority of cryptocurrencies likewise was experiencing the same misery. Since last month, however, the (bear) market has shown indications of resurgence (well, depending on which cryptocurrency article you are reading), allowing LTC to reach $63 by the middle of this month.

2022-8-30 08:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Litecoin's 18% plunge attracts whales - Better things coming?

Litecoin’s price dropped by 18% in the last 30 days.  A few metrics hinted at a trend reversal.  Litecoin [LTC] bears dominated the coin’s price action last month as it shed a substantThe post Litecoin's 18% plunge attracts whales - Better things coming? appeared first on AMBCrypto.

Will Litecoin break $180 soon? Key metrics point to yes!

Rising accumulation could validate LTC's move northward. Most holders refrained from selling, indicating a possible rise above $180. For most of April, things changed for a large part of theThe post Will Litecoin break $180 soon? Key metrics point to yes! appeared first on AMBCrypto.

Exploring whether Litecoin can repeat history, reach $110 again

LTC’s price increased by more than 3% in the last seven days. Most indicators looked bullish, but a few metrics suggested otherwise.  Litecoin [LTC] investors had a comfortable week as thThe post Exploring whether Litecoin can repeat history, reach $110 again appeared first on AMBCrypto.

Will the Bitcoin halving help Litecoin rally 300% this summer?

LTC was up by more than 9% in the last seven days.  Metrics suggested that Litecoin was undervalued.  The crypto market turned bullish just a day after Bitcoin’s [BTC] fourth halving, leThe post Will the Bitcoin halving help Litecoin rally 300% this summer? appeared first on AMBCrypto.

Grayscale adds 32K Litecoin amidst the dip: Time to go long?

Grayscale has bought the dip and added 32K LTC coins to its Trust.  Litecoin has enjoyed explosive growth as the preferred crypto pay option.  The crypto market, especially the altcoin secThe post Grayscale adds 32K Litecoin amidst the dip: Time to go long? appeared first on AMBCrypto.

Making the case for Litecoin's breakout before Bitcoin’s halving

On-chain metrics supported a Litecoin significant increase before the halving. Those who bought LTC at lower prices have quit profit-taking. Litecoin [LTC] has reached a critical spot that cThe post Making the case for Litecoin's breakout before Bitcoin’s halving appeared first on AMBCrypto.

3 other cryptocurrencies that have halvings

Bitcoin isn’t the only coin that cuts block rewards in half every four years. Here are three others — and how past halvings have influenced their prices. Bitcoin’s halvings get a lot of attention — that’s understandable; it is the…