{"id":344323,"date":"2022-09-04T06:10:23","date_gmt":"2022-09-04T10:10:23","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=344323"},"modified":"2022-09-04T06:10:23","modified_gmt":"2022-09-04T10:10:23","slug":"litecoin-scores-14-evening-standard-report-in-play","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/litecoin-scores-14-evening-standard-report-in-play","title":{"rendered":"Litecoin Scores 14% &#8211; Evening Standard Report in Play"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">Litecoin scores 14%, extending previous gains amid the&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.standard.co.uk\/esmoney\/investing\/cryptocurrency\/top-5-altcoins-september-2022-b1015441.html\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Evening Standard report<\/span><\/a><span data-preserver-spaces=\"true\">&nbsp;on a list of the top five altcoins. It&rsquo;s intriguing because it demonstrates how valuable the blockchain is, as Litecoin appears on the list. A few cryptocurrencies on the list could be considered competitors to Bitcoin.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">According to the report, these alternative cryptocurrencies can be used as investment vehicles or to diversify investment portfolios. For instance, Litecoin, traditionally regarded as the underdog, outperformed other market participants last week.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">'2022&rsquo;s Top Five Altcoins' &ndash; <a href=\"https:\/\/twitter.com\/EveningStandard?ref_src=twsrc%5Etfw\">@EveningStandard<\/a> <a href=\"https:\/\/t.co\/VuTNfZCjb6\">https:\/\/t.co\/VuTNfZCjb6<\/a><\/p>\n<p>&mdash; Litecoin (@litecoin) <a href=\"https:\/\/twitter.com\/litecoin\/status\/1565360678235385861?ref_src=twsrc%5Etfw\">September 1, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Evening Standard named Litecoin one of the top five altcoins, and on September 1st, the official Litecoin Twitter page reposted this article. As its ranking for popular terms has risen significantly, so has Litecoin&rsquo;s social media presence. It increased investor confidence in the currency, causing LTC prices to rise.<\/p>\n<p style=\"text-align: center\"><a href=\"https:\/\/insidebitcoins.com\/visit\/etoro-news\" class=\"su-button su-button-style-3d\" style=\"color:#000000;background-color:#F9A602;border-color:#c88502;border-radius:9px;-moz-border-radius:9px;-webkit-border-radius:9px\" target=\"_self\" rel=\"nofollow\"><span style=\"color:#000000;padding:0px 24px;font-size:18px;line-height:36px;border-color:#fbc14e;border-radius:9px;-moz-border-radius:9px;-webkit-border-radius:9px;text-shadow:none;-moz-text-shadow:none;-webkit-text-shadow:none\"> Buy Litecoin Now<\/span><\/a>\n<\/p><p style=\"text-align: center\"><strong>Your capital is at risk.<\/strong><\/p>\n<h2><span class=\" mf-jss5541 mf-jss5545\"><span id=\"editable-content-within-article~0~1~0\" class=\"mf-jss5543 mf-jss5546\">Litecoin <\/span><\/span><span class=\" mf-jss5541 mf-jss5547\"><span id=\"editable-content-within-article~0~2~0\" class=\"mf-jss5543 mf-jss5548\">Blockchain <\/span><\/span><span class=\" mf-jss5541 mf-jss5549\"><span id=\"editable-content-within-article~0~3~0\" class=\"mf-jss5543 mf-jss5550\">Must <\/span><\/span><span class=\" mf-jss5541 mf-jss5551\"><span id=\"editable-content-within-article~0~4~0\" class=\"mf-jss5543 mf-jss5552\">Record <\/span><\/span><span class=\" mf-jss5541 mf-jss5553\"><span id=\"editable-content-within-article~0~5~0\" class=\"mf-jss5543 mf-jss5554\">All <\/span><\/span><span class=\" mf-jss5541 mf-jss5555\"><span id=\"editable-content-within-article~0~6~0\" class=\"mf-jss5543 mf-jss5556\">Transactions<\/span><\/span><\/h2>\n<p>The official <a href=\"https:\/\/twitter.com\/litecoin\/status\/1565360678235385861?s=20&amp;t=qZUY4XdtgnjA3MaHYUjQRA\" target=\"_blank\" rel=\"noopener\">Litecoin Twitter account tweeted a post<\/a> on September 2nd. According to the post, every Litecoin transaction must be recorded on the Litecoin blockchain to be considered successful and valid. Miners are rewarded for completing these transactions and contributing to the network&rsquo;s power.<\/p>\n<p>Furthermore, the average transaction price for Litecoin is less than one penny. This post also benefited LTC\/USD because the popularity of Litecoin as a payment method drives its price.&nbsp;LTC&rsquo;s reserve risk also decreased, allowing investors to buy as the risk-to-reward ratio increased. For investors, it was a fascinating trend. It demonstrates that developers are interested in and working to improve the blockchain, a positive indicator for cryptocurrencies.<\/p>\n<p>Litecoin&rsquo;s development resulted in the creation of cutting-edge technology such as Atomic Swaps for cross-blockchain trustless trade and Lightning for instantaneous global fund settlement. It suggests that the price of LTC\/USD may soon rise. Furthermore, various on-chain measures contributed to Litecoin&rsquo;s improved performance.<\/p>\n<h2>LTC Market Value Realized Value<\/h2>\n<p>LTC&rsquo;s price and Market Value Realized Value (MVRV) ratio increased dramatically. Furthermore, the high volume aided the price increase of LTC\/USD. It&rsquo;s worth noting that the number of receiving addresses has grown over the last week. It was encouraging for LTC because it demonstrated that investors believed in the token. It also suggested that the currency was gaining support from the community. As a result, the price of LTC\/USD increased as investor confidence in Litecoin grew.<\/p>\n<h2>Litecoin Scores 14%&nbsp; &ndash; Technical Outlook<\/h2>\n<p>Litecoin&rsquo;s current price is $60.03, with a 24-hour trading volume of $417 million. In the last 24 hours, Litecoin has dropped 0.53% and rocketed 14% in the seven days. The LTC\/USD pair opened the day at $60.97. CoinMarketCap now ranks #21, with a live market cap of $4.3 billion. It has a maximum quantity of 84,000,000 LTC coins and a circulating supply of 71,091,494.<\/p>\n<p>Litecoin (LTC) was trading higher on Sunday, extending previous gains. The LTC\/USD pair reached a high of $60.36 earlier today, pushing away from a low of $59.08, which marked the token&rsquo;s two-month low. Prices have risen in consecutive sessions since then, with today&rsquo;s spike bringing them near a crucial resistance level.<\/p>\n<h3>LTC\/USD Daily Technical Levels<\/h3>\n<p>Support&nbsp; Resistance<\/p>\n<p>57.630&nbsp; &nbsp; &nbsp;63.280<br>\n54.260&nbsp; &nbsp; 65.560<br>\n51.980&nbsp; &nbsp; 68.930<br>\nPivot Point: 59.910<\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-344332 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/09\/LTCUSDT_2022-09-04_14-41-50.png\" alt=\"Litecoin Daily Price Chart\" width=\"1201\" height=\"699\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/09\/LTCUSDT_2022-09-04_14-41-50.png 1201w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/09\/LTCUSDT_2022-09-04_14-41-50-300x175.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/09\/LTCUSDT_2022-09-04_14-41-50-1024x596.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/09\/LTCUSDT_2022-09-04_14-41-50-240x140.png 240w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/09\/LTCUSDT_2022-09-04_14-41-50-768x447.png 768w\" sizes=\"(max-width: 1201px) 100vw, 1201px\"><\/p>\n<p style=\"text-align: center\"><strong>Litecoin Daily Price Chart &ndash; Source: Tradingview<\/strong><\/p>\n<p>As Litecoin reached its $62.00 barrier, price volatility seemed assured, with bulls protecting profits rather than sustaining their holdings. As a result, LTC is presently trading at $60.40, more than $2.00 lower than today&rsquo;s prior top.&nbsp;One explanation is that the RSI has hit a stumbling block in the shape of a resistance level at 47.25. If LTC bulls want to go higher, they must clear this barrier.<\/p>\n<p>Let&rsquo;s keep an eye on $62.50 as the double top pattern will likely keep LTC bearish, whereas a bullish breakout can extend further uptrend until $66.10. Good luck!<\/p>\n<p><strong>Related<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-litecoin\" target=\"_blank\" rel=\"noopener\">How to Buy Litecoin (LTC)<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-tamadoge\">How to Buy Tamadoge<\/a><\/li>\n<\/ul>\n[in-content-heros name=&rdquo;tamadoge-play-to-earn-meme-coin&rdquo;\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">Litecoin scores 14%, extending previous gains amid the\u00a0Evening Standard report\u00a0on a list of the top five altcoins. It&#8217;s intriguing because it demonstrates how valuable the <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/litecoin-scores-14-evening-standard-report-in-play\" title=\"Litecoin Scores 14% &#8211; Evening Standard Report in Play\">[&#8230;]<\/a><\/div>","protected":false},"author":1846,"featured_media":315796,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[7596],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.8 (Yoast SEO v21.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Litecoin Scores 14% - Evening Standard Report in Play - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"Litecoin scores 14%, extending previous gains amid the Evening Standard report on a list of the top five altcoins. 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Arslan holds an MBA in Finance, and an MPhil in Behavioral Finance. Arslan brings a broad range of skills to help beginners evaluate financial data and investment trends, carry out technical analysis, fundamental analysis, and make an informed decision on the best ways to strategize their investment selection. For several years, Arslan has been a cryptocurrency and forex trader, with a current focus on cryptocurrency price predictions and forecasting. Previously, he has worked on a brokerage firm's forex and cryptocurrency trading team, managing the risk associated with client exposure. Arslan's main fields of expertise are - trading psychology, speculative positioning, market sentiment, and price action analysis. As well as his news coverage on Inside Bitcoins, Arslan's work can be found on Bitcoin Wisdom, CryptoNews, ForexCrunch, FX Leaders, Business2Community and EconomyWatch.","sameAs":["https:\/\/www.linkedin.com\/in\/arslan-butt\/"],"url":"https:\/\/insidebitcoins.com\/news\/author\/arslanalibutt"}]}},"modified_by":"Arslan Butt","_links":{"self":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/344323"}],"collection":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/users\/1846"}],"replies":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/comments?post=344323"}],"version-history":[{"count":0,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/344323\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media\/315796"}],"wp:attachment":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media?parent=344323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/categories?post=344323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/tags?post=344323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}