{"id":422464,"date":"2023-11-16T16:40:37","date_gmt":"2023-11-16T15:40:37","guid":{"rendered":"https:\/\/www.crypto-news-flash.com\/?p=422464"},"modified":"2023-11-16T16:40:37","modified_gmt":"2023-11-16T15:40:37","slug":"litecoin-lights-up-is-another-10-surge-on-the-horizon","status":"publish","type":"post","link":"https:\/\/crypto-news-flash.com\/de\/litecoin-lights-up-is-another-10-surge-on-the-horizon\/","title":{"rendered":"Litecoin Lights Up: Is Another 10% Surge on the Horizon?"},"content":{"rendered":"<ul>\n<li aria-level=\"1\"><b>After a successful head and shoulder rebound and breakout in the past few weeks, Litecoin price is well positioned to reclaim $100 as a support level in the coming months in preparation for the parabolic rally.<\/b><\/li>\n<li aria-level=\"1\"><b>Litecoin bulls must flip several bearish indicators including RSI and a weekly death cross between the 50 and 200 Moving Averages to secure further uptrend in the near future.<\/b><\/li>\n<\/ul>\n<hr \/>\n<p>Amid the ongoing altcoin breakout as Bitcoin (<a href=\"https:\/\/www.crypto-news-flash.com\/de\/inqubeta-defi-turbolader-fuer-ki-startups\/\" target=\"_blank\" rel=\"noopener\">BTC<\/a>) stalls below $37.5k, the third largest proof-of-work (PoW) secured blockchain, Litecoin (LTC) has been preparing for an imminent uptrend breakout after multi-year consolidation. Litecoin price is well bolstered by a robust network of miners, investors, and enterprises already accepting LTC for payments.<\/p>\n<p>As of this report, the Litecoin network has about 10 million non-zero addresses that have facilitated over 186 million transactions since its inception. According to on-chain data, <a href=\"https:\/\/www.crypto-news-flash.com\/de\/litecoin-groesste-wal-transaktionen-seit-august\/\" target=\"_blank\" rel=\"noopener\">Litecoin whales<\/a> have been heating up in the past few days, especially on transactions exceeding 10,000 LTC.<\/p>\n<p>The rising on-chain activity for the Litecoin network is a major indicator that the bulls are preparing for more upside before the end of this year.<\/p>\n<h3><b>Closer Look at Litecoin Price Analysis<\/b><\/h3>\n<p>The Litecoin community has been getting stronger after identifying a potential macro pennant formation that will lead to an imminent bullish breakout. Moreover, the Litecoin network has been gaining trust among institutional investors as a better alternative digital asset with deep liquidity.<\/p>\n<p>According to our latest market data, Litecoin price exchanged around $73.47, up approximately 19 percent in the past four weeks. From a technical standpoint, the recent Litecoin correction, after the third halving in early August, has been following a perfect weekly Fib Retracement having rebounded on the 56 percent and strongly held the 68 percent in the past few days.<\/p>\n<p>With the next target being 77.63 on the weekly Fib Retracement, Litecoin price is likely to rally as high as $86, about 25 percent from the current levels before the bulls experience the next hurdle.<\/p>\n<p>However, the Litecoin bulls must first flip the 50 weekly Relative Strength Index (RSI) into a support level after it was lost during the post-halving price correction. Additionally, the Litecoin bulls must flip the daily and weekly death cross between the 50 and 200 Moving Averages (MA) into golden crosses to secure a strong breakout in the coming months. Additionally, the Litecoin bulls have to rally beyond the falling logarithmic trendline that began in June 2021 and turn it into a support level for a sustainable uptrend.<\/p>\n<h3><b>Market Update<\/b><\/h3>\n<p>The Litecoin network faces notable competition from emerging altcoins including the smart contract-enabled blockchains and the meme coins that have been registering higher returns to risk ratio. As a result, the Litecoin developers must move quickly to enable smart contracts and multi-chain compatibility to ensure a sustainable future growth prospect.<\/p>\n<p>Moreover, the Litecoin network has obtained investors&#8216; confidence as a credible alternative investment. Notably, Litecoin has a total market valuation of about $5.4 billion and an average 24-hour trading volume of approximately $534 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After a successful head and shoulder rebound and breakout in the past few weeks, Litecoin price is well positioned to reclaim $100 as a support level in the coming months in preparation for the parabolic rally. Litecoin bulls must flip several bearish indicators including RSI and a weekly death cross between the 50 and 200<\/p>\n","protected":false},"author":57,"featured_media":3130,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-422464","post","type-post","status-publish","format-standard","has-post-thumbnail"],"acf":[],"_links":{"self":[{"href":"https:\/\/crypto-news-flash.com\/de\/wp-json\/wp\/v2\/posts\/422464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/crypto-news-flash.com\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-news-flash.com\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-news-flash.com\/de\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-news-flash.com\/de\/wp-json\/wp\/v2\/comments?post=422464"}],"version-history":[{"count":0,"href":"https:\/\/crypto-news-flash.com\/de\/wp-json\/wp\/v2\/posts\/422464\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-news-flash.com\/de\/wp-json\/wp\/v2\/media\/3130"}],"wp:attachment":[{"href":"https:\/\/crypto-news-flash.com\/de\/wp-json\/wp\/v2\/media?parent=422464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-news-flash.com\/de\/wp-json\/wp\/v2\/categories?post=422464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-news-flash.com\/de\/wp-json\/wp\/v2\/tags?post=422464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}