{"id":540537,"date":"2023-06-30T13:05:28","date_gmt":"2023-06-30T13:05:28","guid":{"rendered":"https:\/\/ktsl888.com\/?p=540537"},"modified":"2023-06-30T13:05:28","modified_gmt":"2023-06-30T13:05:28","slug":"litecoin-up-18-in-past-24-hours-is-halving-rally-here","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/litecoin\/litecoin-up-18-in-past-24-hours-is-halving-rally-here\/","title":{"rendered":"Litecoin Up 18% In Past 24 Hours, Is Halving Rally Here?"},"content":{"rendered":"

Litecoin has observed a sharp increase of around 18% during the past day as the much-anticipated halving is just over a month away now.<\/p>\n

Litecoin Outperforms Market With A Strong 18% Surge<\/h2>\n

Like most of the wider cryptocurrency market, LTC had enjoyed a sharp rally<\/a> a week or so back, which had taken its price above the $90 mark. Unlike coins like Bitcoin, however, the asset had failed to maintain at these post-surge levels, as it slid off during the days that followed, until eventually bottoming out at the low $80 level.<\/p>\n

In the past day, however, tides seem to have rapidly shifted for Litecoin, as the asset is now trading above $101 after registering a sharp growth of 18% during the last 24 hours. The below chart shows how the cryptocurrency has performed recently.<\/p>\n

\"Litecoin<\/p>\n

Looks like the coin has observed a sharp uptrend today | Source: LTCUSD on TradingView<\/a><\/pre>\n
As you can see in the graph, Litecoin was around the $81 level only a couple of days back. This latest turnaround for the asset has meant that it has now surpassed the high registered around the start of the month.<\/p>\n
In terms of daily returns, LTC has outperformed almost all the top 20 cryptocurrencies by market cap; Bitcoin Cash (BCH)<\/a> is the only exception with its whopping 26% gains in the same period.<\/p>\n
Related Reading: Stablecoin Cap Shows Early Sign Of Reversal, Why This Could Benefit Bitcoin<\/a><\/div>\n
As analyst Tony “The Bull”<\/a>\u00a0pointed out on Twitter, Litecoin formed a golden cross just before this surge, as its 50-day moving average (MA) has crossed over its 200-day MA.<\/p>\n
\n
2020 it is#Litecoin<\/a> has golden crossed, days after a death cross<\/p>\n
Does the rest of history repeat? https:\/\/t.co\/sGlMhgKE0R<\/a> pic.twitter.com\/CRSaqHSbGt<\/a><\/p>\n
\u2014 Tony “The Bull” (@tonythebullBTC) June 30, 2023<\/a><\/p><\/blockquote>\n
Interestingly, only a few days ago, the same MAs had also formed a cross of the opposite type: the death cross. The bullish cross canceling this bearish one out merely days later is a pattern similar to the one seen back in 2020, which preceded the bull run.<\/p>\n
LTC Only Has 34 Days To Go For The Next Halving<\/h2>\n
Litecoin also has a strong bullish narrative coming up in the form of its halving. The “halving<\/a>” is an event where the block rewards of the cryptocurrency are permanently cut in half.<\/p>\n
As the block rewards are the only way to introduce new LTC into the circulating supply, the halving tightens up its production rate. This increased scarcity is why the event has historically been hyped up as a bullish one.<\/p>\n
Related Reading: Altcoin Whales Show Highly Active Day, Volatility Incoming?<\/a><\/div>\n
Halvings take place roughly every four years, and the next one is estimated to place on August 3, 2023, which is just 34 days away. It now remains to be seen whether the current price surge will be an extended rally that leads to the halving, or if this is another attempt that would run out of steam before long.<\/p>\n
Featured image from Michael F\u00f6rtsch on Unsplash.com, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Litecoin has observed a sharp increase of around 18% during the past day as the much-anticipated halving is just over a month away now. Litecoin Outperforms Market With A Strong 18% Surge Like most of the wider cryptocurrency market, LTC had enjoyed a sharp rally a week or so back, which had taken its price above the $90 mark. Unlike coins like Bitcoin, however, the asset had failed to maintain at these post-surge levels, as it slid off during the days that followed, until eventually bottoming out at the low $80 level. In the past day, however, tides seem to have rapidly shifted for Litecoin, as the asset is now trading above $101 after registering a sharp growth of 18% during the last 24 hours. The below chart shows how the cryptocurrency has performed recently. Looks like the coin has observed a sharp uptrend today | Source: LTCUSD on TradingView As you can see in the graph, Litecoin was around the $81 level only a couple of days back. This latest turnaround for the asset has meant that it has now surpassed the high registered around the start of the month. In terms of daily returns, LTC has outperformed almost all the top 20 cryptocurrencies by market cap; Bitcoin Cash (BCH) is the only exception with its whopping 26% gains in the same period. Related Reading: Stablecoin Cap Shows Early Sign Of Reversal, Why This Could Benefit Bitcoin As analyst Tony “The Bull”\u00a0pointed out on Twitter, Litecoin formed a golden cross just before this surge, as its 50-day moving average (MA) has crossed over its 200-day MA. 2020 it is#Litecoin has golden crossed, days after a death cross Does the rest of history repeat? https:\/\/t.co\/sGlMhgKE0R pic.twitter.com\/CRSaqHSbGt \u2014 Tony “The Bull” (@tonythebullBTC) June 30, 2023 Interestingly, only a few days ago, the same MAs had also formed a cross of the opposite type: the death cross. The bullish cross canceling this bearish one out merely days later is a pattern similar to the one seen back in 2020, which preceded the bull run. LTC Only Has 34 Days To Go For The Next Halving Litecoin also has a strong bullish narrative coming up in the form of its halving. The “halving” is an event where the block rewards of the cryptocurrency are permanently cut in half. As the block rewards are the only way to introduce new LTC into the circulating supply, the halving tightens up its production rate. This increased scarcity is why the event has historically been hyped up as a bullish one. Related Reading: Altcoin Whales Show Highly Active Day, Volatility Incoming? Halvings take place roughly every four years, and the next one is estimated to place on August 3, 2023, which is just 34 days away. It now remains to be seen whether the current price surge will be an extended rally that leads to the halving, or if this is another attempt that would run out of steam before long. Featured image from Michael F\u00f6rtsch on Unsplash.com, chart from TradingView.com<\/p>\n","protected":false},"author":542,"featured_media":540569,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16897],"tags":[10,41611,87616,2828,2831],"class_list":["post-540537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-litecoin","tag-litecoin","tag-litecoin-halving","tag-litecoin-rally","tag-ltc","tag-ltcusd"],"acf":[],"yoast_head":"\nLitecoin Up 18% In Past 24 Hours, Is Halving Rally Here?<\/title>\n<meta name=\"description\" content=\"Litecoin has observed a sharp increase of around 18% during the past day as the much-anticipated halving is just over a month away now.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/ktsl888.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Litecoin Up 18% In Past 24 Hours, Is Halving Rally Here?","url":"http:\/\/ktsl888.com\/news\/litecoin\/litecoin-up-18-in-past-24-hours-is-halving-rally-here\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/litecoin\/litecoin-up-18-in-past-24-hours-is-halving-rally-here\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/michael-fortsch-fYSVVQqiqPs-unsplash-1-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/michael-fortsch-fYSVVQqiqPs-unsplash-1-scaled.jpg?fit=2560%2C1707"},"articleSection":"Litecoin","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["litecoin","litecoin halving","litecoin rally","ltc","ltc\/usd"],"dateCreated":"2023-06-30T13:05:28Z","datePublished":"2023-06-30T13:05:28Z","dateModified":"2023-06-30T13:05:28Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Litecoin Up 18% In Past 24 Hours, Is Halving Rally Here?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/litecoin\\\/litecoin-up-18-in-past-24-hours-is-halving-rally-here\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/litecoin\\\/litecoin-up-18-in-past-24-hours-is-halving-rally-here\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/michael-fortsch-fYSVVQqiqPs-unsplash-1-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/michael-fortsch-fYSVVQqiqPs-unsplash-1-scaled.jpg?fit=2560%2C1707\"},\"articleSection\":\"Litecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"litecoin\",\"litecoin halving\",\"litecoin rally\",\"ltc\",\"ltc\\\/usd\"],\"dateCreated\":\"2023-06-30T13:05:28Z\",\"datePublished\":\"2023-06-30T13:05:28Z\",\"dateModified\":\"2023-06-30T13:05:28Z\"}<\/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\/2023\/06\/michael-fortsch-fYSVVQqiqPs-unsplash-1-scaled.jpg?fit=2560%2C1707","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/540537"}],"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\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=540537"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/540537\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/540569"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=540537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=540537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=540537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}