Market Cap: $2,766,072,159,156
24h Vol: $117,489,825,481
Cryptocurrencies: 30063
Markets: 114434
Cryptocurrencies: 30063
Markets: 114434
Market Cap: $2,766,072,159,156     
24h Vol: $117,489,825,481
Coin-turk.com 2023-07-04 18:37:12

Litecoin Peaks at $114: On-chain Data Suggests Temporary Stop in Growth

Litecoin Peaks at $114: On-chain Data Suggests Temporary Stop in Growth
The crypto market saw Litecoin (LTC), one of the top ten cryptocurrencies by market capitalization, concluding the past week with over 25% gain. On July 3rd, LTC’s market value surpassed $8 billion, making a leap to its year’s peak at $114. Although market analysts predict a gradual continuation of the surge in the leading altcoin, on-chain data suggests this rise could come to a halt, at least temporarily.  A Warning of Up to 40% Drop for LTC  With approximately 40 days remaining until Litecoin’s block reward halving, there’s a strong anticipation of bull runs surrounding the popular altcoin. While analysts give high price targets hinting at further increases for LTC, on-chain data signal investors to be cautious. Noted crypto analyst Ali Martinez issued a downturn warning for LTC, stating:  The current 30-day MVRV of Litecoin hovers around 35%. When we look at past data, it is observed that every time […] The post Litecoin Peaks at $114: On-chain Data Suggests Temporary Stop in Growth appeared first on COINTURK NEWS.
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