Litecoin price prediction is bullish, as LTC has broken through the $80 triple-top resistance level. On November 5, the LTC/USD pair opened the day at $77.07, eventually reaching a high of $84.85 and a low of $76.86.
The LTC/USD is now trading at $81.35, up more than 9% in 24 hours and more than 10% weekly.
Most Dormant Tokens Moved in 4 Years
The cryptocurrency industry is expanding as the majority of its assets emerge from a crisis caused by the demise of FTX. LTC/USD has made gains and is showing signs of further growth in the future.
According to a tweet posted on December 5 by a pseudonymous crypto trading expert named Bitcoin Bull, the recent price increases in Litecoin are a sign that the decentralized finance (DeFi) token may rally toward $100.
⚡️ #Litecoin jumped above $83 on a big +8% surge in just an hour while the rest of the markets have been relatively quiet. 3 weeks ago, @santimentfeed measured the largest amount of dormant tokens being moved in 4 years. $LTC's price has jumped +47% since. https://t.co/pV5t8zBP0w pic.twitter.com/DFLT7UnNQC
— Santiment (@santimentfeed) December 5, 2022
Santiment, a cryptocurrency market intelligence platform, also tweeted on December 5. According to the post, Litecoin saw the largest amount of dormant tokens moved in four years three weeks ago, as well as a decrease in the aging of average token investments, both of which are “ingredients for bullish breakouts.”
Furthermore, the tweet stated that the movement of dormant tokens in massive wallets that have been accumulating and storing LTC for months was a major factor in the rise above $83 and the significant 8% increase. Historically, the movement of dormant coins was a sign of a market-wide increase in selling pressure. Santiment’s analysis, however, is not based on the direction of the LTC/USD. Meanwhile, the value of the LTC/USD pair is increasing.
Busy Week Ahead: Upcoming PPI In Highlights
The November US Consumer Price Index (CPI) is scheduled for December 13. The upcoming macroeconomics week will provide a glimpse into the crypto market. The US Producer Price Index (PPI) and unemployment statistics are important factors to watch later in the week because they have a history of causing at least short-term volatility.
⚡️ Rate Decisions⚡️ are the focus this week
Will central banks step on the brakes?
RBA +25bp expected
BoC +25bp vs. +50bp split
This week's key reports
– ISM Services
EZ Retail Sales
– Q3 GDP
— Kathy Lien (@kathylienfx) December 4, 2022
On December 9, the US Bureau of Labor Statistics will release PPI data for November 2022. Furthermore, on December 2, US stock markets rejected hotter-than-expected labor market data and recovered from their intraday low. It demonstrates that, despite the most recent employment figures, market participants do not believe the Fed will change its stance and will continue to slow the rate hike.
Even though the FTX crisis shattered the strong link between US equity markets and Bitcoin, the recent rally in equities suggests a risk-on mindset. It could benefit the cryptocurrency market and encourage investors to purchase Litecoin. Furthermore, the value of LTC/USD is currently rising.
LTC Hashrate Touches all-time High
According to CoinWarz data, Litecoin’s hashrate reached an all-time high of 61326.72 TH/s on December 3. After a precipitous drop in July, Litecoin’s hash rate increased by 64% in just four months. Furthermore, the network’s average difficulty reached its highest level since its launch on December 03, with a block height of 2,379,925.
This figure was 19.42 million, according to Messari statistics. The Litecoin network currently has a hashrate of 587.04 TH/s, a mining difficulty of 20.64 M, and a block height of 2,381,119.
Litecoin Price Prediction – Daily Technical Levels
Pivot Point: 76.79
Litecoin Price Prediction – Up 8% to $83, Can LTC Hit $100 in December?
The LTC/USD pair is bullish, but it has encountered immediate resistance at the $84.85 level. LTC has formed a doji candle below this level, limiting the uptrend. A bullish breakout of the $85.85 level has the potential to push the LTC price up to $88.25.
Litecoin Price Chart – Source: Tradingview
As the RSI and MACD indicators continue to indicate a buying trend, Litecoin can target the next resistance level of $92.50.
On the downside, LTC’s immediate support is at $80, and a bearish breakout below this level could expose the price of LTC to $75. A further bearish breakout of the $75 level could push the LTC
The cryptocurrency market is currently bearish, but the coins listed below have massive upside potential. Let us explore.
Dash 2 Trade (D2T)
D2T is a cryptocurrency analytics tool that also functions as a decentralized trading platform, allowing users to backtest strategies and see how they performed in the past. It assists traders by allowing them to carry out transactions automatically without the need for human intervention.
A number of Dash 2 Trade platform features will be extremely beneficial to investors. Traders can also use trading signals to alert investors to market opportunities and persuade them to buy or sell.
Adopting strategies and trading may go much more smoothly when strategy builders and social trading platforms are used.
Following the presale, the project will be listed on the BitMart and LBank exchanges. Despite the fact that the presale has only recently begun, the platform is rapidly approaching stage 3’s conclusion.
The platform’s native token, D2T, will be used to pay for platform services and participate in community initiatives and competitions. The cryptocurrency is currently in presale and has raised more than $8.4 million. Its presale is almost finished, with a 97% completion rate.
Calvaria, a free-to-play game, defies conventional pay-to-earn gaming by awarding NFTs to users as soon as they sign up. As a result, game participants do not need any financial or technological resources. Calvaria’s early-round crowdfunding piqued the interest of investors. The first four stages of its presale sold out quickly, and stage five is almost 72% sold out.
Investors looking to purchase 30.77 RIA tokens for USDT 1 must act quickly before the presale ends. Calvaria has raised about $2.2 million since the presale began. The total project funding will be $3,075,000 when stage 5 is completed. Trading signals can also be used by traders.
IMPT – Less than a week left to buy presale
By putting carbon credits on the chain, IMPT’s team is making the world of carbon credits much more efficient than ever before. The carbon credit system was previously extremely opaque; it was only applicable to businesses, and trading with them was inefficient and out of date. Carbon credits can be traded on the blockchain as NFTs 24 hours a day, 7 days a week.
The revolutionary carbon offsetting and carbon credits trading platform IMPT.io will conclude its extremely successful token presale on December 11th. Green investors have flocked in droves to purchase the IMPT coin. As a result, more than $13.5 million has been raised for the project’s completion. IMPT token investors will be able to claim them beginning December 12th, according to IMPT.io.
Two centralized exchanges, LBank and Changelly Pro will list IMPT shortly after its DEX launch. The IMPT presale has now raised $14 million and is almost fully subscribed. The IMPT token’s price has risen with each stage of the presale to $0.023.
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Dash 2 Trade - New Gate.io Listing
- Also Listed on Bitmart, Changelly, LBank, Uniswap
- Collaborative Trading Platform Token
- Featured in Bitcoinist, Cointelegraph
- Solid Proof Audited, CoinSniper KYC Verified
- Trading Community of 70,000+ Members
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