DeFi News Daily Official TheBitTimes.com

Litecoin has become one of the leading assets in the cryptocurrency market as of late. The token has become a center of massive whale momentum and activity, sparking new price pathways for the token to bank on. The latest Litecoin news consists of new whale momentum sweeping the token off its floor. Will this surge in whale activity signal a massive price push for the token in the near future? Why are whales interested in LTC at the moment? Let’s find out. Also Read: Dogecoin Investors Ask: Hold, Buy More DOGE or Exit Now? Whale Activity and Litecoin: What’s Happening? Source: The Coin Republic As per the latest Santiment update, Litecoin has emerged as one of the latest crypto whale attractions. Nearly 181K Litecoin tokens have been scooped up by whales in the last 24 hours, signaling a massive shift in the crypto market scene. Litecoin has been garnering attention as of late due to its buildable ETF momentum. Nearly 1K wallets were noted, adding 181K Litecoin tokens. This ...

The Litecoin price dropped 3% in the last 24 hours to trade at $129.32 as of 02:31 a.m. EST on trading volume that dropped 4% to $1.5 billion.   Litecoin Price Analysis: Breakout Incoming? The LTC price has been trading in an overall uptrend, with higher highs and higher lows forming since late 2024. The chart displays a consolidation phase pattern, a bullish continuation pattern that often signals a breakout to higher levels. Currently, the Litecoin price is testing the resistance around $136, which has been a major hurdle in previous attempts to break out, according to GeckoTerminal data. A consolidation phase occurred in the $93-$136 range, supported by a strong demand zone (marked in purple on the chart) around $101.  The price of Litecoin is now pushing higher, and a confirmed breakout above resistance could trigger a sharp upward move. The 50-day Simple Moving Average (SMA) at $115.33 is above the 200-day SMA at $88.23, confirming a bullish trend. Meanwhile,...

A widely followed analyst believes that one large-cap altcoin now has a compelling narrative that will fuel its surge to a fresh record high. Pseudonymous analyst Kaleo tells his 685,600 followers on the social media platform X that Litecoin (LTC) appears to be mimicking its 2021 bull market pattern when it shattered a diagonal resistance before surging to a cycle high. According to Kaleo, LTC is repeating a similar price action but he thinks Litecoin will ascend to new all-time highs and breach the $1,000 price area, fueled by the LTC exchange-traded fund (ETF) narrative. “LTC/Litecoin I’ve been waiting for this HTF (high time frame) setup to look like this since the last halving in August of ’23. It’s so insanely clean and simple, and with Bloomberg moving it to the highest % chance for an ETF approval this year, it finally has a narrative to happen. Send it to new all-time highs with haste.”  Source: Kaleo/X Looking at the tra...

A Bloomberg ETF analyst has shared his predicted timeline for the approval of new crypto ETFs for Ripple XRP; Litecoin LTC, and Solana SOL. 2025 is expected to be bigger for crypto than 2024, which saw the arrival of Bitcoin and Ethereum ETFs. Bloomberg Senior ETF Analyst Eric Balchunas agrees with this sentiment, publishing his latest newsletter with dates he anticipates will bring the launch of new altcoin ETFs. On Tuesday, Balchunas stated that we can expect “a wave” of new cryptocurrency ETFs in 2025. First out is likely the BTC and ETH combo ETFs, then prob Litecoin (because its fork of BTC = commodity), then HBAR (because it’s not labeled security), and then XRP/Solana (which have been labeled securities in pending lawsuits),” he added. Better Chances for Crypto ETF Approvals in 2025? With a newly structured SEC come 2025, experts expect looser regulation on the crypto industry. Donald Trump’s crypto-friendly administration is also set to play a part, openi...

New data from market intelligence firm Santiment hints at a potential correction for popular dog-themed memecoins Dogecoin (DOGE) and Shiba Inu (SHIB). In a new thread on the social media platform X, the crypto analytics platform says that the pair of memecoins have the highest discussion rates they’ve had in five months, signaling that investors may soon shift capital toward other crypto projects. According to Santiment, traders are flocking into DOGE and SHIB due to the fear of missing out (FOMO), which may lead the altcoins to print local tops. “With the crowd anticipating Bitcoin’s $70,000 breach soon, traders are doubling down on high-leverage speculative meme coins, where their discussion rates are at their highest level in five months. Meanwhile, layer-2s like Arbitrum and Optimism are being ignored. Speculative coins can certainly still pump a bit longer, but historical data shows that it pays to go where the crowd isn’t looking....

Bitcoin and most major altcoins are reeling under intense selling and charts suggest that the market sell-off is not complete. A tight range usually resolves with a range breakout and that is what happened in Bitcoin (BTC) on Aug. 17. Bitcoin fell sharply, resulting in a $1 billion liquidation for derivatives traders, the biggest since the FTX collapse in 2022. It is difficult to pinpoint any specific reason for the sell-off but analysts believe that the confusion arising from the alleged write-down of SpaceX’s $373 million Bitcoin holdings may have been one of the potential triggers. Daily cryptocurrency market performance. Source: Coin360 Whatever the reason, the decline has started. The next major question troubling investors is how low could Bitcoin fall. Several analysts have turned bearish and expect Bitcoin to continue its downtrend in the near term. Will Bitcoin continue to drop, dragging the rest of the cryptocurrency markets with it? What are the important support levels to...

Markets continue to slump, giving advantage to the bears and hinting at a trend change to the downside. Bitcoin (BTC) continues to trade inside a narrow range with no clear signs of a breakout from it. Trading platform QCP Capital said in their latest market update that Bitcoin may remain quiet for a few more weeks before making its move in September.  Delphi Digital co-founder Kevin Kelly believes that the cryptocurrency markets are in the early stages of a new bull cycle. Based on a study of Bitcoin’s four-year cycle patterns, Kelly expects Bitcoin to hit a new all-time high by Q4 2024 and a new cycle peak by Q4 2025. Daily cryptocurrency market performance. Source: Coin360 Similarly, Bitcoin investor and author Jesse Myers also maintains a bullish view for the long term but he does not expect Bitcoin to reach $100,000 before the next halving. Myers believes that the market will take 12-18 months after halving to price-in the effects. Will Bitcoin and the major altcoins remain range...

The collection crypto currency market slumped after FOMC data. Most assets were witnessing a significant drop in their value. Thanks to the Securities and Exchange Commission [SEC] intervention, assets like Tron [TRX] and XRP were seen enduring a significant dip. However, two digital assets managed to defy market sentiment and rallied positively. Richard Heart’s Hex [ HEX ] is one of them while Litecoin [LTC] followed right after. According to recent data, HEX was bagging double-digit gains. At press time, the altcoin was trading for $0.1225 with a 16.95% daily surge. The asset rose all the way up from a low of $0.09908, earlier today. Additionally, the daily trading volume of HEX was up by an astounding 230%. Source – HEX/USDT Chart on TradingView The above chart points out how the altcoin managed to break past two significant levels of resistance. First, HEX pushed beyond $0.0775 and then earlier today, it rose above $0.0951 as well. This upswing can be attributed to th...