{"id":24232,"date":"2023-10-27T14:33:32","date_gmt":"2023-10-27T14:33:32","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/litecoin-price-outlook-as-on-chain-activity-spikes\/"},"modified":"2023-10-27T14:33:32","modified_gmt":"2023-10-27T14:33:32","slug":"litecoin-price-outlook-as-on-chain-activity-spikes","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/litecoin-price-outlook-as-on-chain-activity-spikes\/","title":{"rendered":"Litecoin price outlook as on-chain activity spikes"},"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\/2022\/08\/1660339612562-6e2bf508-5b37-4ae1-ac1b-389741f2fa02-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/1660339612562-6e2bf508-5b37-4ae1-ac1b-389741f2fa02-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/1660339612562-6e2bf508-5b37-4ae1-ac1b-389741f2fa02-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/1660339612562-6e2bf508-5b37-4ae1-ac1b-389741f2fa02-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Litecoin price was down 3% to trade around $67 on Friday morning.<\/li>\n<li dir=\"ltr\">Santiment wrote on X that the altcoin has seen a rapid increase in on-chain movement.<\/li>\n<li dir=\"ltr\">LTC is seeing a spike in address activity and whale transactions, with metrics at highest levels since June.<\/li>\n<\/ul>\n<p dir=\"ltr\">The total crypto market is down 1.5% in the past 24 hours to $1.3 trillion, with Bitcoin hovering just above $34,000. Meanwhile, most altcoins are struggling to hold onto recent gains.\u00a0<\/p>\n<p dir=\"ltr\">But as market observers and analysts put it, the overall outlook is bullish for crypto ahead of what could be a massive bull market in 2024. Could this be the same scenario for Litecoin price?<\/p>\n<h2 dir=\"ltr\">Litecoin price outlook- what\u2019s next for LTC?<\/h2>\n<p dir=\"ltr\">Litecoin\u2019s 24-hour price was down 3%, with recent gains trimmed to about 7% over the past week as it traded around $67.80. The psychological $100 continues to prove a difficult hurdle for bulls, despite there being a burst of on-chain activity.<\/p>\n<p dir=\"ltr\">While address activity and whales both hit June 2023 levels, there has been the observation of dormant LTC suddenly spiking \u2013 \u201cusually indicative of more coins beginning to circulate,\u201d the market intelligence platform Santiment wrote in a post on X. \u00a0\u00a0<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\u26a1\ufe0f <a href=\"https:\/\/twitter.com\/hashtag\/Litecoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Litecoin<\/a> saw rapidly rising <a href=\"https:\/\/twitter.com\/hashtag\/onchain?src=hash&amp;ref_src=twsrc%5Etfw\">#onchain<\/a> movement to end the work week, with address activity and whales both hitting levels last seen in June. Additionally, dormant <a href=\"https:\/\/twitter.com\/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$LTC<\/a> suddenly had a big spike, usually indicative of more coins beginning to circulate.  <a href=\"https:\/\/t.co\/ILZua1tEzV\">https:\/\/t.co\/ILZua1tEzV<\/a> <a href=\"https:\/\/t.co\/MT1MZ2K15i\">pic.twitter.com\/MT1MZ2K15i<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1717715130970947585?ref_src=twsrc%5Etfw\">October 27, 2023<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">The overall bullish picture for Bitcoin suggests investors could be positioning for a potential uptick in its price. Optimism over factors such as spot Bitcoin ETF approval could help LTC rebound past the main supply wall.<\/p>\n<p dir=\"ltr\">Yet, with dormant coins on the move again, sell-off pressure could be huge in the short term. In this case, a correction could see Litecoin price retreat further, bears likely targeting key support zones in the $60-50 region.<\/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><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/litecoin-sees-a-spike-in-on-chain-activity-but-whats-next-for-ltc\/\">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 was down 3% to trade around $67 on Friday morning. Santiment wrote on X that the altcoin has seen a rapid increase in on-chain movement. LTC is seeing a spike in address activity and whale transactions, with metrics at highest levels [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":24233,"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\/24232"}],"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=24232"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24232\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/24233"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=24232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=24232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=24232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}