{"id":500451,"date":"2022-08-30T05:30:49","date_gmt":"2022-08-30T05:30:49","guid":{"rendered":"https:\/\/ktsl888.com\/?p=500451"},"modified":"2022-08-30T05:40:08","modified_gmt":"2022-08-30T05:40:08","slug":"litecoin-ltc-performs-better-than-bitcoin-in-last-24-hours-upward-motion-in-the-coming-days","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/litecoin-ltc-performs-better-than-bitcoin-in-last-24-hours-upward-motion-in-the-coming-days\/","title":{"rendered":"Litecoin (LTC) Performs Better Than Bitcoin In Last 24 Hours – Upward Motion In The Coming Days?"},"content":{"rendered":"

Litecoin (LTC) has been having a rough time pumping its value since 2022’s big market meltdown. The majority of cryptocurrencies likewise was experiencing the same misery.<\/p>\n

Since last month, however, the (bear) market has shown indications of resurgence (well, depending on which cryptocurrency article you are reading), allowing LTC to reach $63 by the middle of this month.<\/p>\n

The public’s interest in cryptocurrencies has varied drastically over the past several years. It has piqued the curiosity of investors, whose passion with cryptocurrencies has increased with time.<\/p>\n

Bitcoin, which has become synonymous with producing crypto millionaires and growing people’s digitized fortune, has been the central objective of this enthusiasm.<\/p>\n

Related Reading: Bitcoin Cash Loses 10% In Last 24 Hours, Despite 40% Hike In Trading Volume<\/a><\/div>\n

Litecoin Flexes Muscle In Last 24 Hours<\/h2>\n

Since Bitcoin’s inception, hundreds of different crypto assets have been created or split off of it. Litecoin, a Bitcoin offshoot or more technically ‘fork’, is one of these altcoins, the term for non-Bitcoin cryptocurrencies.<\/p>\n

Litcoin, on the other hand, has distinguished itself by showing greater indications of recuperation in the last 24 hours, with a performance gain of over 2%.<\/p>\n

LTC’s growth over the past 24 hours was even higher compared to\u00a0leading cryptocurrencies such as Bitcoin and Ethereum.<\/p>\n

As of this writing, Litecoin is trading at $56.18, up 1% in the last seven days. In comparison, Bitcoin is at $20,251, down 6.2% in the last week.<\/p>\n

\"\"<\/p>\n

The latest market decline brought LTC’s price past the\u00a0$51 level. Along with the decline in altcoin’s price, the MVRV (Market Value to Realized Value) ratio also decreased, signaling a likely market bottom.<\/p>\n

Consequently, there is a chance that Litecoin’s price will continue to grow in the days ahead.<\/p>\n

Risk-To-Reward Ratio Down – Time To Buy LTC?<\/h2>\n

Further, an intriguing trend for investors was the reduction in the altcoin’s reserve risk. This shift typically presents a chance for investors to purchase, as the risk-to-reward ratio has improved.<\/p>\n

In contrast to the preceding figures, Litecoin’s development activities increased over the last seven days. For the cryptocurrency, this bodes well because it shows that engineers are engaged and committed to making the blockchain better.<\/p>\n

\"\"<\/p>\n

After a brief period of consolidation in the $52-$55 zone, the Litecoin price pattern indicates that bullish acceleration is currently regaining traction.<\/p>\n

On August 28, the MACD graph below suggests a strong crossing as the blue line is about to flip the red line.<\/p>\n

This indicates that a price increase for LTC may be forthcoming. Nonetheless, RSI was spotted at 44.55 without displaying an obvious positive indicator like MACD.<\/p>\n

\"\"<\/p>\n

Source: TradingView.com<\/a><\/pre>\n
Alternatively, the Exponential Moving Average (EMA) ribbon suggested a negative bias in the market, since the red line was perched above\u00a0the yellow line and the disparity appeared to be extending.<\/p>\n
Related Reading: Flow Monitoring: Why This Price FLOW May Not Attract Short-Term Traders<\/a><\/div>\n
<\/p>\n
LTC total market cap at $3.95 billion on the daily chart | Source: TradingView.com<\/a>\r\n\r\nFeatured image from ITNext, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
Litecoin (LTC) has been having a rough time pumping its value since 2022’s big market meltdown. The majority of cryptocurrencies likewise was experiencing the same misery. Since last month, however, the (bear) market has shown indications of resurgence (well, depending on which cryptocurrency article you are reading), allowing LTC to reach $63 by the middle of this month. The public’s interest in cryptocurrencies has varied drastically over the past several years. It has piqued the curiosity of investors, whose passion with cryptocurrencies has increased with time. Bitcoin, which has become synonymous with producing crypto millionaires and growing people’s digitized fortune, has been the central objective of this enthusiasm. Related Reading: Bitcoin Cash Loses 10% In Last 24 Hours, Despite 40% Hike In Trading Volume Litecoin Flexes Muscle In Last 24 Hours Since Bitcoin’s inception, hundreds of different crypto assets have been created or split off of it. Litecoin, a Bitcoin offshoot or more technically ‘fork’, is one of these altcoins, the term for non-Bitcoin cryptocurrencies. Litcoin, on the other hand, has distinguished itself by showing greater indications of recuperation in the last 24 hours, with a performance gain of over 2%. LTC’s growth over the past 24 hours was even higher compared to\u00a0leading cryptocurrencies such as Bitcoin and Ethereum. As of this writing, Litecoin is trading at $56.18, up 1% in the last seven days. In comparison, Bitcoin is at $20,251, down 6.2% in the last week. The latest market decline brought LTC’s price past the\u00a0$51 level. Along with the decline in altcoin’s price, the MVRV (Market Value to Realized Value) ratio also decreased, signaling a likely market bottom. Consequently, there is a chance that Litecoin’s price will continue to grow in the days ahead. Risk-To-Reward Ratio Down – Time To Buy LTC? Further, an intriguing trend for investors was the reduction in the altcoin’s reserve risk. This shift typically presents a chance for investors to purchase, as the risk-to-reward ratio has improved. In contrast to the preceding figures, Litecoin’s development activities increased over the last seven days. For the cryptocurrency, this bodes well because it shows that engineers are engaged and committed to making the blockchain better. After a brief period of consolidation in the $52-$55 zone, the Litecoin price pattern indicates that bullish acceleration is currently regaining traction. On August 28, the MACD graph below suggests a strong crossing as the blue line is about to flip the red line. This indicates that a price increase for LTC may be forthcoming. Nonetheless, RSI was spotted at 44.55 without displaying an obvious positive indicator like MACD. Source: TradingView.com Alternatively, the Exponential Moving Average (EMA) ribbon suggested a negative bias in the market, since the red line was perched above\u00a0the yellow line and the disparity appeared to be extending. Related Reading: Flow Monitoring: Why This Price FLOW May Not Attract Short-Term Traders LTC total market cap at $3.95 billion on the daily chart | Source: TradingView.com Featured image from ITNext, chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":493110,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,16897],"tags":[134,428,1119,1144,6664,8991,10,2828,2831],"class_list":["post-500451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-litecoin","tag-altcoin","tag-bitcoin","tag-btc","tag-btcusd","tag-crypto","tag-fork","tag-litecoin","tag-ltc","tag-ltcusd"],"acf":[],"yoast_head":"\nLitecoin (LTC) Performs Better Than Bitcoin In Last 24 Hours - Upward Motion In The Coming Days?<\/title>\n<meta name=\"description\" content=\"Litecoin (LTC) has been having a rough time pumping its value since 2022's big market meltdown. 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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. 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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:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Litecoin (LTC) Performs Better Than Bitcoin In Last 24 Hours – Upward Motion In The Coming Days?","url":"http:\/\/ktsl888.com\/news\/litecoin-ltc-performs-better-than-bitcoin-in-last-24-hours-upward-motion-in-the-coming-days\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/litecoin-ltc-performs-better-than-bitcoin-in-last-24-hours-upward-motion-in-the-coming-days\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/06\/Litecoin.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/06\/Litecoin.png?fit=1400%2C700"},"articleSection":"Litecoin","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","bitcoin","btc","btcusd","crypto","fork","litecoin","ltc","ltc\/usd"],"dateCreated":"2022-08-30T05:30:49Z","datePublished":"2022-08-30T05:30:49Z","dateModified":"2022-08-30T05:40:08Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Litecoin (LTC) Performs Better Than Bitcoin In Last 24 Hours – Upward Motion In The Coming Days?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/litecoin-ltc-performs-better-than-bitcoin-in-last-24-hours-upward-motion-in-the-coming-days\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/litecoin-ltc-performs-better-than-bitcoin-in-last-24-hours-upward-motion-in-the-coming-days\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/06\\\/Litecoin.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/06\\\/Litecoin.png?fit=1400%2C700\"},\"articleSection\":\"Litecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"bitcoin\",\"btc\",\"btcusd\",\"crypto\",\"fork\",\"litecoin\",\"ltc\",\"ltc\\\/usd\"],\"dateCreated\":\"2022-08-30T05:30:49Z\",\"datePublished\":\"2022-08-30T05:30:49Z\",\"dateModified\":\"2022-08-30T05:40:08Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/06\/Litecoin.png?fit=1400%2C700","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/500451"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=500451"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/500451\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/493110"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=500451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=500451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=500451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}