{"id":21979,"date":"2023-06-30T18:07:45","date_gmt":"2023-06-30T18:07:45","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/litecoin-price-bounces-strongly-as-ltc-hits-14-month-high\/"},"modified":"2023-06-30T18:07:45","modified_gmt":"2023-06-30T18:07:45","slug":"litecoin-price-bounces-strongly-as-ltc-hits-14-month-high","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/litecoin-price-bounces-strongly-as-ltc-hits-14-month-high\/","title":{"rendered":"Litecoin price bounces strongly as LTC hits 14-month high"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1686653627381-aa1d9af1-1100-41c9-ba6e-b9fcc30dfd8f-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1686653627381-aa1d9af1-1100-41c9-ba6e-b9fcc30dfd8f-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1686653627381-aa1d9af1-1100-41c9-ba6e-b9fcc30dfd8f-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1686653627381-aa1d9af1-1100-41c9-ba6e-b9fcc30dfd8f-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Litecoin price bounced strongly to see bulls hit a 14-month high near $110.<\/li>\n<li dir=\"ltr\">LTC last traded at these prices in April 2022, and could hit new multi-year highs as the Litecoin halving approaches.<\/li>\n<li dir=\"ltr\">Prices fell to $84 earlier in the day after markets reacted negatively to news about spot Bitcoin ETfs.<\/li>\n<\/ul>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/litecoin\/\">Litecoin<\/a> is still poised for more upside action after an enforced breather pushed LTC back to lows of $84 on Friday.\u00a0<\/p>\n<p dir=\"ltr\">A strong rebound for LTC in the last few minutes had buyers eyeing $110, even as the cryptocurrency reached its highest level since early April 2022.<\/p>\n<div class=\"fr-img-space-wrap\"><span class=\"fr-img-caption fr-fic fr-dib fr-draggable\"><span class=\"fr-img-wrap\"><\/p>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/05\/30\/1688145077796-1c9f9c9d-ed78-4589-8a92-f59902c298c0.png\" class=\"fr-fic fr-dib\" width=\"615\" height=\"270\"\/><span class=\"fr-inner\">Litecoin price on the daily chart. Source:\u00a0<a href=\"https:\/\/www.tradingview.com\/x\/1G4BuULw\/\" rel=\"noopener noreferrer\" target=\"_blank\">TradingView<\/a><\/span><\/p>\n<p><\/span><\/span><\/p>\n<h2 class=\"fr-img-space-wrap2\">What happened to the LTC price today?<\/h2>\n<\/div>\n<p dir=\"ltr\">Litecoin had surged to highs of $103 earlier in the day as bulls looked to breach a level last reached in mid-February.\u00a0<\/p>\n<p dir=\"ltr\">However, the momentum was briefly halted as the broader market reacted to a news report that the US Securities and Exchange Commission (SEC) had provided feedback on recently filed spot Bitcoin ETFs indicating the filings were \u201cinadequate.\u201d<\/p>\n<p dir=\"ltr\">As reported <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-briefly-falls-below-30k-as-sec-says-spot-bitcoin-etf-filings-are-inadequate\/\">here<\/a>, Bitcoin briefly fell below $30k as the market reaction injected sell-off pressure. But there has been some kind of swift rebound for BTC as buyers rode on the details of the \u201cquick\u201d feedback from the SEC.<\/p>\n<p dir=\"ltr\">BlackRock, Fidelity and other asset managers that recently submitted applications for a spot Bitcoin ETF will need to refile with the SEC. Specifically, they have to clearly point out which spot crypto exchange provider they have a market surveillance sharing agreement (SSA) with.\u00a0<\/p>\n<h2 dir=\"ltr\">LTC price bullish ahead of halving<\/h2>\n<p dir=\"ltr\">Litecoin\u2019s positive outlook is down to a key fundamental factor \u2013 the network\u2019s upcoming halving will only be days away now as July begins. The <a href=\"https:\/\/www.litecoinhalving.com\/\" rel=\"noopener noreferrer\" target=\"_blank\">countdown<\/a> to the halving shows that the highly anticipated event is expected at block 2,520,000 on August 2, 2023.<\/p>\n<p dir=\"ltr\">The network\u2019s third halving, after 2015 and 2019, will see block reward reduced from 12.5 LTC to 6.25 LTC.<\/p>\n<p dir=\"ltr\">Amid the exuberance about potential price growth, hashrate recently rose to its all-time high of 958.36 TH\/s. CoinWarz data <a href=\"https:\/\/www.coinwarz.com\/mining\/litecoin\/hashrate-chart\" rel=\"noopener noreferrer\" target=\"_blank\">indicates<\/a> the milestone was reached on June 28, 2023 at block 2,499,942.<\/p>\n<p dir=\"ltr\">With price near $110 and the halving event around the corner, LTC price could rise to $200 pre-halving. Post-halving, it\u2019s the all-time high of $410 that could be a nice target for bulls.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/litecoin-ltc-bounces-strongly-as-bulls-brush-off-brief-retreat\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Litecoin price bounced strongly to see bulls hit a 14-month high near $110. LTC last traded at these prices in April 2022, and could hit new multi-year highs as the Litecoin halving approaches. Prices fell to $84 earlier in the day after markets [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":21980,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21979"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=21979"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21979\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/21980"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=21979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=21979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=21979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}