Litecoin Closing Above This Level Could Mean 100% Surge Will Take Place

There was a time when Litecoin was trading alongside the crypto market’s foremost leaders, Bitcoin, Ethereum, and XRP. But over the past few years, since the previous market bubble, the prominent altcoin has suffered. As of the time of writing this article, LTC is now the seventh-largest cryptocurrency by market capitalization — not bad by any stretch but not as good as it has been in the past. According to a prominent Bitcoin analyst, however, Litecoin could be on the verge of gaining even more strength against its altcoin brethren,…

‘Litecoin Leads Bitcoin’ — LTC 65% Gains Echo Start of 2019 Bull Run

Litecoin (LTC) hit $70 for the first time since September 2019 this weekend, fuelling speculation it will induce a Bitcoin (BTC) bull run. Data from Cointelegraph Markets and Coin360 showed LTC/USD passing the notable $70 barrier on Feb. 1, going on to claim local highs of $71.50.  LTC seals 65% monthly returns As with many major altcoins, the achievement caps a highly successful month for Litecoin, which on Jan. 1 traded at just $43.  Litecoin price 1-month chart. Source: Coin360 However, the 65% jump caught traders’ attention for one reason…

Litecoin Hits 17-Week High and It Could Be Bullish for Bitcoin

Litecoin was trending higher on Saturday against an otherwise bearish intraday narrative in the overall cryptocurrency market. The seventh-largest crypto by market cap closed above its seven-week high to hit $72.72. The strong move upward brought Litecoin’s intraday rise to more than 6 percent. At the same time, its gains this week notched up to 36.25 percent (data from BitStamp). Litecoin rate continues to climb despite corrective macro sentiment | Source: TradingView.com, BitStamp Nothing Pumped Litecoin Elsewhere in the cryptocurrency market, coins underwent a mild corrective action. Top assets, including…

Litecoin Price Gains 22% as Chart ‘Cup and Handle’ Targets $100

On Jan. 30 Litecoin (LTC) lit up the charts in both it’s USD and Bitcoin (BTC) pars by rallying more than 20% to secure a spot as the highest daily gainer amongst the top-10 cryptos ranked by market capitalization.  Crypto market daily price chart. Source: Coin360 Investors will recall that in 2019, Litecoin front-ran the Ether (ETH) and Bitcoin rally by pumping more than 350% from January to June. Thus, the altcoin’s most recent price action is sure to stir up some strong feelings amongst traders who may interpret the…

Litecoin ‘Digital Silver’ Narrative Is Proven Wrong, New Data Shows

The start of 2020 has seen considerable gains in the cryptocurrency market as a whole. Recently, Bitcoin (BTC) price reached a 2-month record high crossing above the $9,000 mark as well as other cryptocurrencies such as Litecoin (LTC) reaching $62.80 which is the highest price seen since mid-November 2018. Cryptocurrency market weekly overview. Source: Coin360 Cryptocurrencies’ volatile behavior is one of the main concerns raised by researchers and it complicates the argument that Bitcoin should be classified as a traditional investment asset and that it is a reliable store of…

Yes, EOS, Litecoin, and Ethereum Are Up A Lot, But No, “Altseason” Isn’t Here Yet. Here’s Why

Major crypto assets like EOS, Litecoin, and Ethereum are up by around five percent on average, and investors have been quick to call the start to an altseason. In crypto, an altseason refers to when so-called alternative cryptocurrencies begin to surge in value amidst rising momentum in the market. Many crypto assets have increased significantly in value over the past two weeks, but considering their steep fall from record highs and their performances in comparison to bitcoin, it is still too early to call it an altseason. How have major…

BlockFi Includes Litecoin and USDC in Lending Portfolio

Cryptocurrency has gone through a lot of new developments over the past few months and today, cryptocurrency lending company BlockFi made a major new announcement. The company, which operates its own platform, announced today that it has added support for two more digital assets. Major Expansion The company announced that from now on, loans can be disbursed in the form of Litecoin as well as in the stablecoin USDC. USDC is backed by the United States Dollar. This is a significant development for Litecoin and USDC, as both those cryptocurrencies…

Litecoin ‘Largest Miner Capitulation’ Great News for Bitcoin — Analyst

Bitcoin (BTC) could have its bull market induced by Litecoin (LTC) as the latter enters a bullish renaissance, noted statistician Willy Woo has forecast. In a series of tweets on Jan. 6, Woo, well known in crypto circles as the creator of data resource Woobull, highlighted an upturn in Litecoin’s fortunes in recent weeks. Woo: Litecoin difficulty “in recovery” Specifically, it is the altcoin’s mining difficulty that has begun rising once more after more than six months of decline. The difficulty is a measure of how much computing effort is…

Crypto Lending Firm BlockFi Adds Support for Litecoin and USD Coin

Major cryptocurrency lending company BlockFi has added support for two new assets to its list of supported digital currencies. According to a press release shared with Cointelegraph on Jan. 8, the firm has added major altcoin Litecoin (LTC) and USD Coin (USDC) — the dollar-backed stablecoin from major United States-based cryptocurrency exchange Coinbase.  The new additions mean that BlockFi users can now trade and receive loans as well as interest with the aforementioned cryptocurrencies. Clients can earn monthly compounding interest through the BlockFi Interest Account (BIA). USDC carries an annual…

BlockFi Adds Litecoin, USDC to Its Lending Product Suite

Crypto lending startup BlockFi now supports litecoin and dollar-backed stablecoin USD Coin (USDC) on its platform, enabling users to earn interest on, trade and receive loans backed by the assets. The initial annual percentage yield on the assets will be 8.6 percent for USDC and 3.78 percent for litecoin.  In 2020, the company aims to add five to 10 new assets including USDC and LTC and is looking most aggressively at the top 20 cryptocurrencies by market capitalization and U.S.-domiciled dollar-backed stablecoins, said Zac Prince, BlockFi’s CEO and founder. USDC…