Bitcoin News Update: Litecoin's Reputation as 'Digital Silver' Strengthens as Its Q4 Surge Surpasses Bitcoin
- Litecoin (LTC) shows technical and on-chain signs of a potential $112+ breakout, supported by rising volumes and whale accumulation. - Price reclaimed key $101.45 EMA with RSI at 56, targeting $106.98 resistance as a gateway to $112.25 and $130–$140 levels. - November's $15.1B trading volume and 6% growth in large LTC wallets highlight strategic accumulation, outperforming Ethereum's Q4 drawdown. - Diverging from Bitcoin's stagnation, LTC gained 11.83% against BTC, driven by DeFi TVL growth and "digital
Litecoin (LTC) appears poised for a breakout, as both analysts and blockchain data suggest the potential for a rally toward $112 and possibly higher. The coin has regained momentum above crucial technical thresholds, bolstered by increasing trading activity, accumulation by large investors, and a more optimistic outlook across the altcoin sector. Recent movements and structural signals indicate that
Chart analysis points to a bullish scenario for LTC. The asset has reclaimed its 50-day exponential moving average (EMA) at $101.45 and is currently hovering around $105.90,
On-chain indicators further support the optimistic outlook. According to Santiment, Litecoin's daily trading volume
Litecoin’s trajectory has also diverged from Bitcoin’s sideways movement. While BTC has remained in a narrow range, LTC has advanced 4.8% in November and gained 11.83% against
Nonetheless, certain risks persist.
Analyst price projections differ, but most focus on a short-term range of $106 to $120. Blockchain.News anticipates a 20% rise to $120 in the coming weeks, while others, including Gate.com, propose a more ambitious target of $201 by year-end
---
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
PhotonPay Partners with Arc to Develop the Next-Generation Economic Operating System for the Internet
- PhotonPay joins Circle's Arc testnet to build a blockchain-based Economic OS for digitizing global finance. - The collaboration aims to modernize payment systems with Arc's sub-second transactions and privacy features. - PhotonPay leverages Arc to bridge traditional finance and blockchain, enhancing transparency for 200,000+ businesses. - Arc's institutional adoption by firms like Franklin Templeton highlights blockchain's role in cross-border payment innovation. - Circle's CEO emphasizes Arc as regulato

AI Surge Drives Growth in High-Paying Skilled Trades—No College Degree Required
- U.S. skilled trades in aviation, energy, and infrastructure face acute labor shortages, with six-figure salaries offered for roles like air traffic controllers ($144,580 median) and power plant operators ($122,830). - AI and automation drive demand for hands-on expertise in maintaining infrastructure and aviation systems, as seen in Archer Aviation's shift to AI-powered aviation solutions. - Government shutdowns and ACA subsidy uncertainties exacerbate staffing challenges, while Gen Z workers increasingl

Solana's Latest Downturn: Systemic Threats Facing High-Speed Blockchain Platforms
- Solana's $SOL token faces underperformance despite 70M daily transactions and $143B DEX volume, exposing systemic risks in high-throughput blockchain ecosystems. - A $258M whale position liquidation highlights leveraged trading fragility, with cascading losses threatening DeFi protocols and validator staking pools. - Validator reliance on volatile MEV rewards (7% of Figment's delegator income) risks centralization and reward instability amid regulatory uncertainty. - Infrastructure upgrades like UAE vali

As Technology Stocks Plunge Further, the Federal Reserve's Reputation in Handling Crises Is Put to the Test
- U.S. tech stocks face selloff as inflation fears and Fed policy uncertainty drive Nasdaq and S&P 500 declines, with "Magnificent Seven" valuations exceeding 35 P/E ratios. - Apple delays iPhone Air launch due to weak sales, exposing broader consumer demand challenges and compounding market concerns over tech overvaluation. - Monday.com's 20% premarket drop highlights risks as strong Q3 results fail to offset cautious guidance, mirroring sector-wide profit-taking pressures. - Fed's mixed signals on rate c
