2024

bullish

Litecoin

<p>The Litecoin ecosystem is displaying multiple bullish indicators that suggest potential price momentum. The Litecoin Foundation highlighted a network achievement, with 84 million transactions completed in 2024 – already 17 million more than the entire previous year, signaling unprecedented network activity.</p>
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   <p lang="en" dir="ltr">NEW RECORD: The <a href="https://twitter.com/hashtag/Litecoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Litecoin</a> network has broken a new milestone, completing 84 million transactions in 2024! The most ever in a year &amp; already 17 million more than in 2023. <a href="https://twitter.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$LTC</a> is more active than ever! <a href="https://twitter.com/hashtag/MondayMotivation?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#MondayMotivation</a> <a href="https://t.co/KvbS0aNPYW" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/KvbS0aNPYW</a></p>— Litecoin Foundation <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@LTCFoundation) <a href="https://twitter.com/LTCFoundation/status/1858535985526735323?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 18, 2024</a>
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<p>Network security and miner dynamics are presenting optimistic signals. One analyst noted Litecoin has reached a new all-time high hashrate, indicating maximum network security. Simultaneously, <a href="https://x.com/Trolltoshi/status/1858448691016729075" target="_blank" rel="noopener noreferrer nofollow">miner reserves have dropped to an all-time low</a>, which market participants interpret as a potentially bullish development.</p>
<h2 class="wp-block-heading" id="price-must-breakout-from-triangle-pattern-to-rally">Price Must Breakout From Triangle Pattern to Rally</h2>
<p>Technical analysis reveals Litecoin is trading within a tightening triangle pattern since 2022. The price is currently positioned near the triangle’s upper boundary, with a potential breakout that could trigger a significant rally.</p>
<p>Both 50-day and 200-day moving averages are positioned below the current price, reinforcing short and long-term bullish prospects.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/shiba-inu-shib-price-eyes-march-top-as-chart-hints-at-breakout/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu (SHIB) Price Eyes March Top as Chart Hints at Breakout</a></em></strong></p>
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<p>However, caution is warranted. The Relative Strength Index (RSI) currently reads 65, suggesting the asset is overbought. This indicates some potential for price increases before a possible retracement, with traders advised to monitor the critical resistance levels carefully.</p>
<p>The market awaits a decisive triangle pattern breakout, which could catalyze Litecoin’s next substantial price movement.</p>
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<p>The post <a href="https://captainaltcoin.com/various-bullish-metrics-align-for-litecoin-ltc-price-pump-only-one-resistance-remains/" rel="noopener noreferrer nofollow">Various Bullish Metrics Align for Litecoin (LTC) Price Pump: Only One Resistance Remains</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Various Bullish Metrics Align for Litecoin (LTC) Price Pump: Only One Resistance Remains

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