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Litecoin Bull Run: Is It Possible and In Store For 2020?

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litecoin bull run

The concept of a Litecoin bull run once upon a time looked very realistic but with the recent declines, looks like a fairytale. The cryptocurrency and altcoin famous for using blockchain to maintain a public ledger for all transactions is now dropping in terms of its value.

There are not many Litecoin partnerships on the horizon too, which accounts for the still waters that LTC is swimming in. However, analysts hope that with a brand new year comes brand new blood which will fuel the next big crypto bull run.

The Litecoin news show that according to cryptocurrency analysts including Mati Greenspan, Alessio Rastani, Trace Mayers and PlanB, there is a high probability of a Bitcoin bull run at some point in the next 12 to 18 months.

Some analysts, however, are pointing to a Litecoin bull run too. On the other hand, there are economists who are keeping their fingers crossed to a recession during the same period. The big question is – “Can and will this be the final catalyst for a massive crypto bull market?”

If so, the altcoin news could definitely feature a lot of gains for LTC and many other coins. According to analysts and their outlook so far, Bitcoin has a potential to reach $10,000 in 2020 and then be on track for more gains.

If the models continue to satisfy the future predictions, we can see the recipe for an altseason going to life. Even though there are technical advancements which are the most important detail for the price, fundamentals tend to apply in the long term rather than the short term.

When looking at the overall altcoin prices, a potential Litecoin bull run is not even an option – mostly because the majority of coins have fallen between 80% and 90% since their all time highs. The cycle has repeated since 2013 when altcoins became a thing.

So, the short-term price action which is expected will be based on pure speculation – or tied to Bitcoin and its potential run to $100,000 which was featured by one analyst. If something like this occurs, altcoins would be in the green and a Litecoin bull run will be one of the many bullish runs out there.

Currently, Litecoin (LTC) is at the sixth position, trading at $47.55 with a 5.29% drop overnight.

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Litecoin News

LTC Retracement Bound For Correction Before Going Bullish

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LTC retracement
The LTC retracement phase is bound for correction at first since the technical indicators show that the coin will correct first before going bullish as we are reading more about it in the Litecoin news today.The recent rally that has pushed the price of the asset up by more than 33 percent since January, could soon find to be exhausted. Based on the TD Sequential indicator, the LTC retracement could be underway. The technical index is now presenting a sell signal in the form of a green nine on the 1-day charts and this bearish formation estimates that this cryptocurrency could even pull back for one to four candlesticks before starting a new bullish trend.Increasing the selling pressure behind Litecoin could even confirm the bearish signal that is presented by the TD sequential indicator and upon confirmation, LTC could even plunge to look for support around the 61.8% or the 50% Fibonacci retracement level. Pulling back to the 61.8% Fibonacci retracement zone could even be seen as a sign that Litecoin’s bullish trend will remain stable. Some could think that an increase in demand for the crypto could even reach the $45 area and the 61.8% Fibonacci retracement level is seen as the golden retracement zone because of the high probability of a rebound.Despite the bearish short-term outlook, the TD sequential indicator presents an increase in the buying pressure around the current price levels and if Litecoin manages to close above the high of $51.8 with enough volume, it could surge further and test the 12.72% Fibonacci retracement level at $56. Shutting down this major barrier of resistance could increase the probability of another move up to the 20% Fibonacci retracement level to $67.4. Willy Woo is an on-chain analyst and partner at Adaptive Capital that believes the Litecoin’s price action will be used as an indicator of where Bitcoin is going next. According to Woo, LTC will lead the Bitcoin price at the moment.If Litecoin does manage to bound for a correction it could even bring the whole market down along. An increase in demand however, could jeopardize the entire bearish outlook and take this crypto into new highs. Woo confirmed that Litecoin looks bullish in the long-run.
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Litecoin News

40 Million LTC Coins Remain Locked For A Year While Price Rises

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40 million LTC
More than 40 million LTC coins remain locked for a year while the asset gains more attention at the start of the year, signaling a rally and reaching the $50 level again as we are reading in the Litecoin news today.The Litecoin network has a smaller number of transactions but there are a lot of whales and holders that wait for the perfect time. The recent research reveals that more than 63 million LTC is in circulation while 40 million LTC coins have been locked for over a year. The researchers also tracked some of the coins to a few exchanges and others belong to buyers or early adopters that acquired the coins over the years. Franklyn Richards at Litecoin.com commented:
 “Even taking this into consideration, the main conclusion one may make from this data is that there are a significant number of coins now held by strong hands and long term bulls who have been accumulating and thusly removing potential downward pressure on the markets.’’
Litecoin is now on a new path after the harsh correction phase of above $140 and also the latest halving for the coin only brought a lot of gains in the months prior to the halving rather than the time after the halving. The coin is still highly liquid and has about $4.7 billion in volumes. The asset is present on the bigger exchanges and on some futures market additions on OKEx. Litecoin is seen as a pretty reliable coin with the potential for a significant increase during bull rallies.The last hopes for Litecoin (LTC) signal a new BTC rally as the two assets showed decent proximity and a lot of support from the communities and supporters. Litecoin (LTC) traded at $50.45 which is an increase of 16 percent in the second half of the month and is now recovering trying to surpass the 0.006 lows. The most recent price moves show that Litecoin could even become more active in the upcoming days since it is extremely popular in the Asian markets. The fact that Litecoin soared as one of the most impressive altcoins lately is also one that shows us that altcoins are regaining their confidence in the current market.
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Dash News

Dash Could Surpass Litecoin As Daily Transactions Increase Steadily

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dash rises
Dash could surpass Litecoin since the number of daily transactions that happen on the DASH network has been rising slowly over the year as we are reading further in the Dash news.There are now more transactions that get performed using the crypto asset rather than on the Litecoin network. Despite the growing usage of the network, the total Dash market capitalization still lags a long way behind Litecoin. Some believe that the market is not yet mature to determine real utility in the crypto assets. Dash is currently in the 22nd place on the popular crypto-assets comparison site CoinMarketcap. After a 24-hour pump of about 8 percent, the digital currency still boasts a market cap of slightly more than half a billion dollars.Bitcoin is still the asset that has the hardest monetary policy in history and many other cryptocurrencies fight to fill the different niches. One of the most prominent coins is Dash since it represents a decentralized means of payment. There are a few other cryptocurrencies that compete with Dash to fill this niche, such as Litecoin.Litecoin is positioned much higher on CoinMarketCap in the sixth place and with a total market cap of about $3.253 billion. The daily transaction volume of the two crypto assets doesn’t quite show the same Litecoin dominance. According to the data from BitInfoCharts.com, the number of the transaction happening on the Dash network has been increasing over the year which is why some believe that Dash could surpass Litecoin also because LTC’s usage has been dwindling.For some of the commentators, the fact that both Litecoin and Dash now has about the same daily transaction volume but its different market caps show that their digital currency market is not yet mature to value the assets based on overall utility. The Twitter user C4Chaos argued that this will not be the case and posted:
‘’At the very least, if the crypto market cares about real fundamentals, then $DASH should be where #Litecoin is right now on the crypto market cap ranking. it’s only a matter of time before real cryptos with real utility rise up to the top. https://t.co/MbGAkw5rvi pic.twitter.com/hpJyqcLmqB’’
The Dash network is being used to transfer a lot more value than Litecoin which doesn’t automatically mean that it has more value. Both of the assets are different since Dash offers different types of transactions and it also features rewards.
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Litecoin News

Litecoin Soared By More Than 20%, Pushing Market Cap To $2.88B

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Litecoin soared
The price of Litecoin soared by more than 20% in the recent period as investors gain confidence - resulting in the highest one-day percentage gain for the coin since last year. The move upwards was what pushed LTC's market cap up to $2.88 billion which is the value at press time, adding up 1.35% of the total cryptocurrency market cap.The Litecoin news today also show that the altcoin had traded in a range of $37 to the current $45 in the previous weeks - which marks one of the biggest increases in the price in the past couple of months. As Litecoin soared by more than 20%, we can see that the momentum is still here and over the past seven days, the cryptocurrency managed to impress many investors following a major stagnation in its value.What started as a 0.44% move did not promise much. However, the volume of LTC being traded in the twenty-four hours to the time of writing was 4.28% of the total volume of all cryptocurrencies. The altcoin news and rumors show that LTC has traded in a range of $38.9 to the current price of $45.However, the cryptocurrency is still down by a lot from the LTC all-time high. The current momentum is solid which is why many analysts predict that LTC may visit $50 soon. The fact that Litecoin soared as one of the most impressive altcoins lately is also one that shows us that altcoins are regaining their confidence in the current market.Speaking of, some of the best performers today include Ripple's XRP token, which is now at $0.2109 with an 8% increase - and Bitcoin Cash (BCH) which surged by around 5.40% on the day, reaching a price of $236.The Stellar news also show impressive gains made by XLM which increased by 7% overnight to a price of $0.0484 in the latest updates. The only loser in the top 20 remains Cosmos' ATOM which lost 4% overnight and is now at $4.10.Right now, the market is in a strong swing and as Litecoin soared high in the past few days, we can see an obvious repetition. The resistance for LTC is at $50 while the support is now at $37 as the pair is preparing for new moves.
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