{"id":359270,"date":"2022-11-23T04:19:50","date_gmt":"2022-11-23T09:19:50","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=359270"},"modified":"2022-11-23T04:19:50","modified_gmt":"2022-11-23T09:19:50","slug":"ltc-price-prediction-ltc-is-above-60-is-64-coming-back-today","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ltc-price-prediction-ltc-is-above-60-is-64-coming-back-today","title":{"rendered":"LTC Price Prediction – LTC Is Above $60. Is $64 Coming Back Today?"},"content":{"rendered":"

The Litecoin price has started to show major signs of recovery. Step by step, it has moved above $60, surpassed $64, and is now trading near $80. Does it mean we will see the “good-old bullish days” return for Litecoin? Or is this upswing just temporary, giving us a false sense of security before it drops and further damages whatever faith people have left in the currently listed assets? Let us explore this in our LTC price prediction.<\/span><\/p>\n

LTC Price Prediction — Why Did Litecoin Grow Parabolically During the Last 24 Hours?<\/b><\/h2>\n

The value of LTC was still hovering just above the $60 mark when around 6 pm, the price rose to $68. It then ascended to $70 and traded sideways in the same range for 12 hours before another pump peaked above the $80 mark.\u00a0<\/span><\/p>\n

\"LTC<\/p>\n

The intra-chart chart shows two massive green candles a couple of hours apart, which are responsible for such a parabolic increase in the price of Litecoin.\u00a0<\/span><\/p>\n

What is the reason behind this massive upswing? It is a combination of the recent developments and the crowd’s general sentiment about decentralized cryptocurrencies.\u00a0<\/span><\/p>\n

The News of the 135 Billionth Transaction<\/b><\/h3>\n

The Litecoin foundation is known for constantly engaging with the crypto community. On November 20, the foundation tweeted about the 135th billionth transaction on the Litecoin network. It further made the tweet more engaging by adding that in its over 11 years of operation, Litecoin has been immutable, uncensorable, and has shown flawless uptime.\u00a0<\/span><\/p>\n

Coinbase Litecoin holdings Reveal<\/b><\/h3>\n

Coinbase, the leading cryptocurrency exchange in the United States, has revealed that it holds 1.5 million Litecoin tokens. This revelation came to light after it was made clear after the on-chain validation of Grayscale’s Litecoin trust.\u00a0<\/span><\/p>\n

\n

In a recent on-chain validation of @Grayscale<\/a>'s Litecoin Trust, @coinbase<\/a> performed a cryptographic Proof-of-Reserve to confirm that they are indeed holding LTC (OTCQX: LTCN) in the amount of 1,534,087.9 #Litecoin<\/a> as of the published date. https:\/\/t.co\/Qhi2GZeVAy<\/a><\/p>\n

— Litecoin Foundation \u26a1\ufe0f (@LTCFoundation) November 21, 2022<\/a><\/p><\/blockquote>\n