Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Litecoin’s hash rate hits a new high. Will LTC be higher?
ALTCOIN NEWS

Litecoin’s hash rate hits a new high. Will LTC be higher?

By Crypto FlexsNovember 15, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Litecoin’s hash rate hits a new high. Will LTC be higher?
Share
Facebook Twitter LinkedIn Pinterest Email
  • The Litecoin consolidation zone breakout highlights the potential for a larger rally in the second half of November.
  • Litecoin hash rate has reached a new ATH and open interest shows increased activity in the derivatives sector.

It’s been a very interesting week for the markets with several ATHs and Litecoin (LTC) not far behind. The cryptocurrency has broken the pattern with an overall upward trend over the past 10 days.

Litecoin has been consolidating in a rising pattern, supported by support and resistance. This week it broke resistance several times. This indicates that momentum may be building for a bullish explosion as the liquidity rotation takes root.

Litecoin hash rate soars to new highs.

In addition to maintaining the recent uptrend, there are several other signs that suggest things are heating up for LTC. For example, the Litecoin hash rate soared to a new all-time high of 1.42 PH/S.

Litecoin

Source: Coin Wars

The hash rate ATH suggests that miners’ profitability is increasing, possibly due to the surge in network activity.

On-chain volume has been increasing since early November. According to DeFiLlama, LTC token trading volume hit its lowest point in November at just under $250 million.

It has since experienced significant improvement, reaching a monthly high of $1.98 billion in the last 24 hours at the time of observation.

LitecoinLitecoin

Source: DeFiLlama

The recent volume surge is the highest the network has experienced in the past six months. This, combined with resistance to the downside, may indicate that bullish momentum remains strong.

LTC open interest soars to 5-month high

Demand for Litecoin has also increased in the derivatives sector. For context, open interest levels across all exchanges hit a high of $309.87 million in the last 24 hours at press time.

The last time LTC open interest was this high was mid-June.

LitecoinLitecoin

Source: Coinglass

Despite these observations, open interest was still only a fraction of potential, especially compared to April levels. The cryptocurrency recorded over $708 million in open interest in March 2024.


Read Litecoin (LTC) price prediction for 2024-2025


Since open interest cuts in both directions, it was necessary to evaluate buying versus selling. Over the past three days, the ratio of long positions to short positions has been higher.

LitecoinLitecoin

Source: Coinglass

The data above suggests that more traders are switching to the bullish camp. It indicates a surge in bullish optimism. However, a surge in selling pressure over the weekend could lead to another unexpected downturn for LTC.

Next: Dogecoin Update: Why $0.42 Is Key to DOGE’s Next Target

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025
Add A Comment

Comments are closed.

Recent Posts

Flipster Debuts Market’s First USD1 Perps For BTC, ETH, SOL, XRP, And DOGE

September 23, 2025

BYDFi Joins Korea Blockchain Week 2025 (KBW2025): Deepening Web3 Engagement

September 23, 2025

MEXC Brings Immersive Experience With ‘0 Fee Lounge’ To Token2049

September 23, 2025

Moonbirds And Azuki IP Coming To Verse8 As AI-Native Game Platform Integrates With Story

September 23, 2025

Buying NFT is like buying a Mickey Mouse T -shirt and an IP.

September 23, 2025

ETH-Based Little Pepe Raises $26M In Presale

September 23, 2025

Seoul Exchange, One Of Only Two Licensed Platforms For Unlisted Securities, Will Exclusively Use Story To Settle Tokenized RWAs

September 22, 2025

Bitcoin And Dogecoin Are Trending. Use TALL Miner To Earn A Steady $8,750 Per Day And Double Your Wealth.

September 22, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceed 2% of Ethereum Network With ETH Holdings Exceeding 2.4 Million Tokens and Total Crypto and Cash Holdings of $11.4 Billion

September 22, 2025

CryptoLists.com Recognised As “Crypto Affiliate Of The Year” At SBC’s Affiliate Leaders Awards 2025

September 22, 2025

BitMine Immersion (BMNR) Announces Pricing Of $365.24MM Registered Direct Offering At $70 Per Share

September 22, 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

Flipster Debuts Market’s First USD1 Perps For BTC, ETH, SOL, XRP, And DOGE

September 23, 2025

BYDFi Joins Korea Blockchain Week 2025 (KBW2025): Deepening Web3 Engagement

September 23, 2025

MEXC Brings Immersive Experience With ‘0 Fee Lounge’ To Token2049

September 23, 2025
Most Popular

Expanding Wedge or Bull Flag? Either Way, Bitcoin Seems to Be Losing Momentum

August 30, 2024

Justin Sun joins Trump’s World Liberty Financial as an advisor after investing $30 million

November 27, 2024

Helium (HNT) has broken trendline support, but is a 30% rally really possible?

October 19, 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.