Litecoin rises 6% in 24 hours hitting a 3 months high
By: bitcoin ethereum news|2025/05/02 19:45:01
0
Share
Litecoin rose 6.52% in 24 hours to hit a three-month high. As demand for the altcoin grew, LTC broke out of a descending channel. Over the past day, Litecoin [LTC] has made a strong price upswing, rising from a local low of $83 to reach a monthly high of $91. Since hitting these levels, it has slightly retraced on one-hour timeframe. As of this writing, Litecoin was trading at $89. This marked a 6.52% increase over the past 24 hours. Over the same period, the altcoin recorded a 31% increase in its volume, hitting $509.5 million. The surge in volume while prices are increasing indicates rising demand, with buyers entering the market to accumulate the token. As such, traders have been actively accumulating LTC over the past week, signaling growing confidence with the altcoin. Source: IntoTheBlock This accumulation is evidenced by a massive drop in Litecoin’s flow into exchanges. Over the past three weeks, total flows to exchanges aggregated has declined to hit a three-month low. Such a significant decline suggests that inflow into exchanges were declining, reflecting accumulation behavior. Source: IntoTheBlock This behavior is even more dominant among LTC whales. As such, the large holder’s netflow to exchange ratio has declined sustainably over the past three weeks to hit a three-month low. This implies less selling activity by Litecoin’s large holders. Thus, large holders are accumulating more than they are selling, with a positive capital inflow of 116.8k LTC. Source: Santiment This trend is further evidenced by the surge in Litecoin’s scarcity. Looking at the altcoin’s stock-to-flow ratio, it has spiked over the past day to 306. Such a rise in SFR indicates a higher scarcity, with less LTC available for immediate selling. Often, increased scarcity while demand rises or remains constant is a recipe for higher prices. With such massive demand, the question is whether the altcoin can hold onto these gains for a sustained uptrend. Is Litecoin finally ready to rally? According to AMBCrypto’s analysis, Litecoin was experiencing strong demand at press time, with buyers starting to take over the market. The prevailing market conditions could position LTC for more gains. Before this price pump, the altcoin had been trading within a week-long ascending pattern inside a multi-month descending channel. With the recent price upswing, Litecoin has broken through the descending channel and was retesting it at press time. A successful retest will see the altcoin make a major move to the upside. Source: Tradingview Looking at Litecoin’s MACD, it has risen to 1.2 since making a bullish crossover two weeks ago. The continued rise suggests that the altcoin is experiencing strong upward momentum, closing higher highs on daily charts. With the momentum strengthening, it positions the altcoin towards a successful retest. Therefore, if the current demand holds while the upward momentum continues to hold strong, the altcoin could successfully retest the latest move and make a move to $96. However, if the attempt by bulls fails, a pullback will see Litecoin drop to $83. Source: https://ambcrypto.com/litecoin-shakes-off-bearish-pressure-is-96-next-in-line-for-ltc/
You may also like

Paul Graham: How to Make a Billion Dollars
Silicon Valley guru Paul Graham reveals the underlying logic of billion-dollar wealth: no need to cheat, just create products that users love intensely, allowing exponential growth to create wealth miracles.

If the AI bubble has already burst, who will truly remain?
What remains after the AI bubble bursts? The plummeting cost of computing power is driving AI to accelerate the reshaping of various industries. What will be left after the major reshuffle is an irreversible revolution in real productivity.

Morning Report | Prediction market platforms like Kalshi and Polymarket jointly sue Kentucky over 14.25% trading tax; Bridgewater founder discusses decision-making in the AI era: principled thinking should run parallel to AI, human insight remains irre...
Overview of Important Market Events on June 15

What is the connection between Huang Zheng of Pinduoduo and blockchain?
From Pinduoduo's "reverse insurance" to blockchain's smart contracts, this article explains how Huang Zheng's underlying logic uses "certainty" rules to reshape the flow of wealth for ordinary people.

The other side of Musk's trillion-dollar fortune: 85% cannot be sold
SpaceX's IPO is a math problem, and the answer is not on the pricing day, but in the first quarter after the lock-up period ends.

The U.S. government prohibits foreigners from using Fable 5, Anthropic issues a rebuttal
The sudden removal of the two models has caused widespread shock in the tech industry and the AI community.

Citibank releases "2030 Asset Tokenization Market Outlook": 6 major trends may create a $8.2 trillion market
The tokenization of financial assets is moving from pilot projects to large-scale implementation, but this is a gradual evolution rather than a fierce revolution.

The trillion-dollar valuation test: Are the three major super IPOs a celebration for tech stocks or a nightmare for the crypto market?
Tech giants like SpaceX and OpenAI have sparked a $35 trillion super IPO wave. The "suction effect" is not enough to crash the stock and crypto markets, but the test of high valuations is just beginning.

Morning Report | Digital Asset completes $355 million financing led by a16z Crypto; Meta completes operational separation from Manus
Overview of Important Market Events on June 11

a16z Crypto Partner: Cash flow is the moat
Most companies spend years creating network effects on traditional infrastructure. Crypto founders inherit them as starting conditions.

Cryptocurrency market makers collectively seek change as it becomes increasingly difficult to make money
There is more and more to do.

How TradeXYZ, xStocks, and Alpaca break down the SpaceX IPO into three different strategies
The value of tokenized products ultimately depends on whether the underlying structure is sound, rather than just the price displayed on the interface.

$75 billion in risk asset redistribution: How will SpaceX's IPO affect U.S. stocks and Bitcoin?
The SpaceX IPO is short-term "capital competition" for the cryptocurrency market, while in the medium to long term, it leans towards "narrative endorsement" for Bitcoin.

Why Is BlackRock Investing $5 Billion in the SpaceX IPO?
What is driving the massive demand for the SpaceX IPO, and why did BlackRock place a $5 billion order? Learn how the historic listing could impact SpaceX stock, Bitcoin, SPCX, and crypto markets.

Morning News | CME Group launches Nasdaq Cryptocurrency Index futures; Asset management giant Janus Henderson strategically invests in Ethena
Overview of Important Market Events on June 10

Bitcoin Layer 2 Network Botanix: Why Did We Choose to Dissolve?
The Bitcoin L2 star project Botanix announced a gradual shutdown, with the team admitting to facing severe challenges from the failure of its business model and the prevailing trends. Users are urged to withdraw all assets before July 9, 2026.

Why did Oracle deliver the strongest financial report in history, yet its stock price fell?
Oracle's revenue for fiscal year 2026 set a record, with AI cloud orders soaring to $638 billion, but massive capital expenditures on computing power led to negative free cash flow, causing a 5% drop in after-hours stock prices.

When the P2P illicit funds from ten years ago turned into 60,000 bitcoins
The largest Bitcoin money laundering case in the UK has new developments: 16,000 Chinese victims are pursuing 61,000 seized Bitcoins across borders, and the dispute over the applicability of UK and Chinese laws will directly determine whether the victims can share in the soaring profits.
Paul Graham: How to Make a Billion Dollars
Silicon Valley guru Paul Graham reveals the underlying logic of billion-dollar wealth: no need to cheat, just create products that users love intensely, allowing exponential growth to create wealth miracles.
If the AI bubble has already burst, who will truly remain?
What remains after the AI bubble bursts? The plummeting cost of computing power is driving AI to accelerate the reshaping of various industries. What will be left after the major reshuffle is an irreversible revolution in real productivity.
Morning Report | Prediction market platforms like Kalshi and Polymarket jointly sue Kentucky over 14.25% trading tax; Bridgewater founder discusses decision-making in the AI era: principled thinking should run parallel to AI, human insight remains irre...
Overview of Important Market Events on June 15
What is the connection between Huang Zheng of Pinduoduo and blockchain?
From Pinduoduo's "reverse insurance" to blockchain's smart contracts, this article explains how Huang Zheng's underlying logic uses "certainty" rules to reshape the flow of wealth for ordinary people.
The other side of Musk's trillion-dollar fortune: 85% cannot be sold
SpaceX's IPO is a math problem, and the answer is not on the pricing day, but in the first quarter after the lock-up period ends.
The U.S. government prohibits foreigners from using Fable 5, Anthropic issues a rebuttal
The sudden removal of the two models has caused widespread shock in the tech industry and the AI community.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com

