{"id":510611,"date":"2022-11-30T10:28:58","date_gmt":"2022-11-30T10:28:58","guid":{"rendered":"https:\/\/uniquehot.com\/?p=510611"},"modified":"2022-11-30T10:28:58","modified_gmt":"2022-11-30T10:28:58","slug":"litecoin-ltc-continues-to-impress-with-25-rally-in-last-seven-days","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/litecoin-ltc-continues-to-impress-with-25-rally-in-last-seven-days\/","title":{"rendered":"Litecoin (LTC) Continues To Impress With 25% Rally In Last Seven Days"},"content":{"rendered":"

Litecoin (LTC) continues to prove its doubters wrong as it weathers the ongoing crypto winter in an impressive way, painting its charts in green and posting significant price increases during the last few days.<\/span><\/p>\n

At the time of this writing, the 13<\/span>th<\/span> largest cryptocurrency with an overall valuation of $5.51 billion, is trading at $76.80 and has gone up by 6% over the past 24 hours according to tracking from <\/span>Coingecko<\/span><\/a>.<\/span><\/p>\n

The asset\u2019s seven-day performance is beyond \u201cjust good\u201d as it registered an increase of 25.1%. Meanwhile, on a month-to-date (MTD) basis, the altcoin is up by 36%.<\/span><\/p>\n

What make Litecoin\u2019s current run impressive is that it is happening during the same time when industry frontrunners Bitcoin and Ethereum are struggling to gain any ground to push their respective prices to higher levels.<\/span><\/p>\n

Related Reading: Dogecoin Rises: Over 60% Of Holders Continue To Profit Despite FTX Nightmare<\/a><\/div>\n

Litecoin: \u2018Profitable Opportunity’ For Investors, Holders<\/b><\/h2>\n

\u00a0As it turns out, LTC is not only doing wonders in terms of its trading session performances as it is currently in a \u201c<\/span>rewarding phase<\/span><\/a>.\u201d<\/span><\/p>\n

During the last few days, the asset\u2019s Market Value to Realized Value (MVRV) has also reached the point where if holders of Litecoin were to sell their holdings at this very moment, they\u2019ll end up making good profit.<\/span><\/p>\n

One possible reason for the resurgence of the digital coin might be its <\/span>mining activity<\/span><\/a>. According to the information shared by the project through its official Twitter account, the asset was among the few proof-of-work digital currencies that were \u2018profitable\u2019 during the last few months.<\/span><\/p>\n

Despite reaching a mining difficulty score of 20.00 M, the profitability of Litecoin miners stood at $60%.<\/span><\/p>\n

In terms of hash rate, Litecoin witnessed a 13.25% increase compared to last month, indicating that the digital coin\u2019s network is both healthy and growing.<\/span><\/p>\n

Pay Attention To These Factors Before Holding Litecoin<\/b><\/h2>\n

As remarkable as LTC is right now, it is important to note that its current price is almost 13% lower than where it was in November 23 when it tested the $83.36 resistance zone.<\/span><\/p>\n

This was the result of the altcoin\u2019s Relative Strength Index (RSI) indicator settling at 41.80, putting it in an overbought position as sellers clearly had the advantage.<\/span><\/p>\n

Another bearish sign for Litecoin is the rate at which it was being transferred from one address to another as it recorded a significant decline compared to that of last week.<\/span><\/p>\n

The network development activity also has not much to offer as of this time, indicating that developers have nothing new to offer right now.<\/span><\/p>\n

Finally, according to <\/span>Coincodex\u2019s forecast<\/span><\/a>, over the next five days, LTC is expected to rise by more than 12% on its way to hitting the $86 marker.<\/span><\/p>\n

A month from now, however, the cryptocurrency is predicted to lose some of its gains but will still change hands at $77.16 \u2013 a value that is higher than its current spot trading price.<\/span><\/p>\n

Related Reading: NEAR Strong Rebound Seen As Crypto Registers 8% Spike In Last 24 Hours<\/a><\/div>\n

<\/p>\n

LTC total market cap at $5.5 billion on the daily chart | Featured image: Rvo.hu, Chart: TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"
Litecoin (LTC) continues to prove its doubters wrong as it weathers the ongoing crypto winter in an impressive way, painting its charts in green and posting significant price increases during the last few days. At the time of this writing, the 13th largest cryptocurrency with an overall valuation of $5.51 billion, is trading at $76.80 and has gone up by 6% over the past 24 hours according to tracking from Coingecko. The asset\u2019s seven-day performance is beyond \u201cjust good\u201d as it registered an increase of 25.1%. Meanwhile, on a month-to-date (MTD) basis, the altcoin is up by 36%. What make Litecoin\u2019s current run impressive is that it is happening during the same time when industry frontrunners Bitcoin and Ethereum are struggling to gain any ground to push their respective prices to higher levels. Related Reading: Dogecoin Rises: Over 60% Of Holders Continue To Profit Despite FTX Nightmare Litecoin: \u2018Profitable Opportunity’ For Investors, Holders \u00a0As it turns out, LTC is not only doing wonders in terms of its trading session performances as it is currently in a \u201crewarding phase.\u201d During the last few days, the asset\u2019s Market Value to Realized Value (MVRV) has also reached the point where if holders of Litecoin were to sell their holdings at this very moment, they\u2019ll end up making good profit. One possible reason for the resurgence of the digital coin might be its mining activity. According to the information shared by the project through its official Twitter account, the asset was among the few proof-of-work digital currencies that were \u2018profitable\u2019 during the last few months. Despite reaching a mining difficulty score of 20.00 M, the profitability of Litecoin miners stood at $60%. In terms of hash rate, Litecoin witnessed a 13.25% increase compared to last month, indicating that the digital coin\u2019s network is both healthy and growing. Pay Attention To These Factors Before Holding Litecoin As remarkable as LTC is right now, it is important to note that its current price is almost 13% lower than where it was in November 23 when it tested the $83.36 resistance zone. This was the result of the altcoin\u2019s Relative Strength Index (RSI) indicator settling at 41.80, putting it in an overbought position as sellers clearly had the advantage. Another bearish sign for Litecoin is the rate at which it was being transferred from one address to another as it recorded a significant decline compared to that of last week. The network development activity also has not much to offer as of this time, indicating that developers have nothing new to offer right now. Finally, according to Coincodex\u2019s forecast, over the next five days, LTC is expected to rise by more than 12% on its way to hitting the $86 marker. A month from now, however, the cryptocurrency is predicted to lose some of its gains but will still change hands at $77.16 \u2013 a value that is higher than its current spot trading price. Related Reading: NEAR Strong Rebound Seen As Crypto Registers 8% Spike In Last 24 Hours LTC total market cap at $5.5 billion on the daily chart | Featured image: Rvo.hu, Chart: TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":510621,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,6664,1558,10,2828,2990],"class_list":["post-510611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-crypto","tag-cryptocurrency","tag-litecoin","tag-ltc","tag-mining"],"acf":[],"yoast_head":"\nLitecoin Continues To Impress With 25% Rally In Last Seven Days<\/title>\n<meta name=\"description\" content=\"Litecoin continues to prove its doubters wrong as it weathers the ongoing crypto winter in an impressive way, painting its charts in green.\" 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Litecoin (LTC) Continues To Impress With 25% Rally In Last Seven Days","url":"http:\/\/uniquehot.com\/news\/litecoin-ltc-continues-to-impress-with-25-rally-in-last-seven-days\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/litecoin-ltc-continues-to-impress-with-25-rally-in-last-seven-days\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/11\/Litecoin-2.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/11\/Litecoin-2.png?fit=640%2C428"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","crypto","cryptocurrency","litecoin","ltc","mining"],"dateCreated":"2022-11-30T10:28:58Z","datePublished":"2022-11-30T10:28:58Z","dateModified":"2022-11-30T10:28:58Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Litecoin (LTC) Continues To Impress With 25% Rally In Last Seven Days\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/litecoin-ltc-continues-to-impress-with-25-rally-in-last-seven-days\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/litecoin-ltc-continues-to-impress-with-25-rally-in-last-seven-days\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/Litecoin-2.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/Litecoin-2.png?fit=640%2C428\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"crypto\",\"cryptocurrency\",\"litecoin\",\"ltc\",\"mining\"],\"dateCreated\":\"2022-11-30T10:28:58Z\",\"datePublished\":\"2022-11-30T10:28:58Z\",\"dateModified\":\"2022-11-30T10:28:58Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/11\/Litecoin-2.png?fit=640%2C428","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/510611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=510611"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/510611\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/510621"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=510611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=510611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=510611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}