Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»Litecoin: Does this analysis suggest a price rise?
ALTCOIN NEWS

Litecoin: Does this analysis suggest a price rise?

By Crypto FlexsFebruary 29, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Litecoin: Does this analysis suggest a price rise?
Share
Facebook Twitter LinkedIn Pinterest Email

  • The price of LTC has fluctuated slightly over the last 24 hours.
  • Bearish sentiment surrounding the coin dominated the market.

Litecoin (LTC) Investors were not satisfied because LTC did not follow the bull market trend. However, once prices reach a critical level, things can soon turn in their favor, which historically has been the case with bull markets.

What is Litecoin doing?

According to CoinMarketCap, the price of LTC has risen slightly over the past 24 hours, while several cryptocurrencies have shown promising gains. At the time of this writing, LTC had a market capitalization of over $5.6 billion and was trading at $75.59.

However, the coin has a trick up its sleeve that could lead to a bullish rally in the coming days.

According to the latest data, the price of LTC has rallied strongly in 2021, mimicking the pattern seen previously. The price of the coin was on the verge of a breakout above the diagonal trend line, hinting at a possible move northward. Price movements are large.

Source: X

Are gang rallies inevitable?

Since the patterns on the LTC chart suggested a bullish rally, AMBCrypto checked Litecoin’s on-chain metrics to see if that outcome was actually possible.

Analysis of data from Glassnode shows that LTC’s Network Value to Transactions (NVT) ratio has been declining. First of all, the NVT ratio is calculated by dividing the market capitalization by the transferred on-chain transaction volume measured in USD.

Whenever the indicator falls, it means that the asset is undervalued and a rising price trend is likely.

Source: Glassnode

Apart from that, some of the other indicators also looked bullish for the coin. For example, Litecoin’s MVRV rate has risen. Reflecting its popularity, social volume also maintained a high level.

Additionally, the weighted sentiment graph has turned positive, meaning that bullish sentiment surrounding the coin is dominant in the market. However, we saw a slight decline in network activity last week as speeds plummeted.

Source: Santiment


read Litecoin (LTC) Rice Prediction 2024-25


Litecoin’s MACD also showed a bullish crossover, suggesting that a bullish rally is possible. However, the Relative Strength Index (RSI) was about to enter overbought territory. This could put selling pressure on the token, which could result in a decline in the price of the coin in the future.

Another bearish indicator was the Bollinger Bands, which also hinted at increased selling pressure as the price of LTC touched the upper limit of the indicator.

Source: TradingView

Next: Is BONK Lagging Behind PEPE, SHIB, and DOGE?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Hong Kong’s approval of spot Bitcoin and Ethereum ETFs sparks cryptocurrency market recovery

April 15, 2024

Analysis of Bitgert Coin’s potential after Bitcoin halving

April 20, 2024

Bitcoin was accidentally transferred to my Mycelium wallet. I have a seed word and a key. It’s a boy’s error. You’re still an idiot.

May 16, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

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