The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
All Alt Coin

Here’s how investors can take advantage of Litecoin’s price

by Miki 07/25/2021
by Miki 07/25/2021 0 comment

Litecoin, the silver to Bitcoin’s gold, has seen its own share of ups and downs this year. Not long ago, Litecoin had cemented a position for itself in the market’s top-10. Over the past few weeks, however, its ranking has dropped significantly. In fact, at the time of writing, LTC was ranked 13th on the charts.

The alt’s value fell by 6% over the past month and by 43.57% over the last 3 months. Now, it is a known fact that silver tarnishes with time, but is the same happening with Litecoin? Well, let’s assess the crypto’s current state to come to a conclusion.

Liveliness

Coin Liveliness is a key indicator that’s used to analyze the broader market trend. Primarily, this is the ratio between the Coin Days Destroyed and Coin Days Created. Usually, liveliness increases whenever long-term HODLers liquidate their positions and decreases when they accumulate or HODL.

Source: Glassnode

As can be observed from the chart attached herein, it’s quite clear that HODLing behavior has been dominating the market. By and large, this is a healthy sign. Looking at the nature of the liveliness curve, it can be said that this phase will prolong itself for the next few days. Hence, at this stage, there is nothing much for Litecoin to worry about.

SOPR & MVRV Ratio

Both the SOPR (spent-output-profit-ratio) and MVRV (market-value-to-realized-value) are key indicators that help in identifying the accumulation range for any asset. The MVRV is calculated by dividing LTC’s market capitalization by the realized capitalization.

Whenever this ratio dips below 1, a crucial reversal zone comes into the picture. At press time, the same for Litecoin was hovering around the 0.86 range. This, to a fair extent, was a sign that Litecoin might end up seeing a price rally in the next few weeks.

However, a value less than one implies that the coin’s price is undervalued. At this stage, most people would realize losses if they sell their HODLings. Nonetheless, this “cheap” state of LTC is a suitable entry point for long-term investors.

Source: Glassnode

Litecoin is ready for new players

Furthermore, the SOPR too, at the time of writing, remained under 1 with a reading of 0.94. While this ratio highlights the degree of realized profits/losses, its press time level suggested that selling pressure might be coming to an end, and sellers would capitulate shortly.

In fact, this further enhanced the odds of LTC’s price rallying over the coming weeks. Again, the aforementioned SOPR level implied that LTC’s price range was apt for new players to enter the market.

Source: Glassnode

What’s more, just a couple of days back, Japan‘s Financial Services Agency (FSA) registered Coinbase as an exchange service provider. Litecoin is notably one among the only five cryptocurrencies (BTC, ETH, BCH, XLM) to be approved by the regulator. This development, by and large, might give Litecoin’s price a helping hand.

Nonetheless, LTC’s ecosystem-centric developments have been stalled for quite some time now. Some people have even started associating the phrase “abandoned project” with it, despite MWEB being on the way. Hence, the same needs to be enhanced in the coming weeks to shield the alt’s long-term prospects.

Source link

Views: 0
advantageHeresinvestorsLitecoinsprice
Share
0
FacebookTwitterPinterestEmail
previous post
This might just be a win-win situation for Ethereum
next post
Top Ripple Competitor Stellar Reportedly In Talks To Purchase MoneyGram; XLM Soars By An Impressive 18% ⋆ TCNW

Related Posts

Are Solana’s bulls really strong enough to halt...

12/29/2021

IXFI Announces Launch of New-Age Exchange Platform

12/29/2021

Litecoin repeating history will have this effect on...

12/28/2021

More than just a game – what GameFi...

12/28/2021

Even as network hits one million users, FTT...

12/28/2021

Fintech Expert Makes Six Bold Predictions for Crypto...

12/28/2021

A recovery rally in play for Sushiswap, as...

12/28/2021

SEC Accused of Deliberately Trying to ‘Kill’ XRP...

12/28/2021

Recent gains may finally boost Aave’s dominance in...

12/28/2021

Santa Floki Price Rallies 5,000% after Elon Musk’s...

12/28/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • Why Tether (USDT) hasn’t issued any USDT in 7 weeks?

  • Is there a trend to Dogecoin rallies

  • Community Lends a Hand in the Platform’s Development

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$30,180.003.21%
  • ethereumEthereum(ETH)$2,011.322.21%
  • tetherTether(USDT)$1.000.03%
  • usd-coinUSD Coin(USDC)$1.000.13%
  • binancecoinBNB(BNB)$305.563.94%
  • rippleXRP(XRP)$0.4198100.79%
  • Binance USDBinance USD(BUSD)$1.00-0.02%
  • cardanoCardano(ADA)$0.530.99%
  • SolanaSolana(SOL)$52.212.16%
  • dogecoinDogecoin(DOGE)$0.0865541.15%
  • polkadotPolkadot(DOT)$10.061.48%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$30,169.003.29%
  • Lido Staked EtherLido Staked Ether(STETH)$1,975.332.24%
  • AvalancheAvalanche(AVAX)$29.93-2.79%
  • tronTRON(TRX)$0.0737472.19%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • Shiba InuShiba Inu(SHIB)$0.000012-0.14%
  • daiDai(DAI)$1.000.09%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • litecoinLitecoin(LTC)$71.175.02%
  • CronosCronos(CRO)$0.1950163.28%
  • LADZLADZ(LADZ)$0.0686894.36%
  • leo-tokenLEO Token(LEO)$4.970.65%
  • matic-networkPolygon(MATIC)$0.650.12%
  • FTX TokenFTX Token(FTT)$30.771.86%
  • NEAR ProtocolNEAR Protocol(NEAR)$6.06-0.31%
  • HederaHedera(HBAR)$0.389473-3.44%
  • bitcoin-cashBitcoin Cash(BCH)$194.640.22%
  • RareRare(RARE)$0.0461220.00%
  • chainlinkChainlink(LINK)$7.131.52%