Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Pro -Cryptto -legislator misses the Bitcoin’s deadline -publicly making -Washington is turning a blind eye?

2025-06-03

Incentiv Testnet is going live to expand blockchain accessibility

2025-06-03

MINTABLE reveals Green NFT -card game on Singapore Climate Festival

2025-06-03
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Incentiv Testnet is going live to expand blockchain accessibility

    2025-06-03

    AI and Blockchain Dal Costs and downtime in transport

    2025-06-03

    World Network is expanding the worldwide ‘proof of human’ technology as AI Deepfakes Surge

    2025-06-03

    Clearpool’s Ozean integrates Chainsight for secure RWA Oracle infrastructure

    2025-06-03

    BNB Chain launches AI Bot to help developers and block scammers

    2025-06-03
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Donald Trump Jr. says that family came in crypto after he was degraded, realizing the financial system was ‘Pyramid Scheme’

    2025-06-03

    Dubai Crypto ambitions rise with Solana and Ripple Moves

    2025-06-03

    ‘Revenge Tax’ hidden in President Trump’s account could activate the Capital War, Deutsche Bank warns: Report

    2025-06-02

    Goldman Sachs Banker sentenced a prison for a role in $ 4,500,000 Ransack or Malaysia’s State Investment Fund: Report

    2025-06-02

    Nobel Prize Economist says: ‘Stablecoins do not serve clearly useful function’; Co-founder of Coinmetrics does not agree

    2025-06-01
  • Analysis

    Crypto analyst says that XRP community should pay attention to 4-6 June, here is why

    2025-06-03

    American Bitcoin ETFs Navigate $ 1.2 billion in the midst of the European approval of the retail trade

    2025-06-03

    A matter of time before Altcoins take a big dip against Bitcoin, according to analyst Benjamin Cowen

    2025-06-03

    Ethereum performs better than with $ 321 million inflow as Bitcoin, XRP sees a combined outflow of more than $ 36 million

    2025-06-03

    Pi on games to strengthen the ecosystem in the midst of price struggle

    2025-06-03
  • Learn

    What Is Yield Farming and How Does It Work?

    2025-06-02

    What Is Asset Tokenization? How It Works and Why It’s Important

    2025-05-30

    What Is DeFi 2.0 and Why It Matters

    2025-05-27

    Crypto Margin Trading: How It Works and How to Manage the Risks

    2025-05-26

    Wat is circulerende levering in cryptocurrency?

    2025-05-23
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Litecoin – Big Drawdowns and How They Can Dictate LTC Price Action
Altcoins

Litecoin – Big Drawdowns and How They Can Dictate LTC Price Action

2024-07-06No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • LTC’s recent gains could be hampered by big investor sell-offs
  • On-chain data showed strong support at $61.27, and could be key to overcoming overhead resistance

Although Litecoins [LTC] Although the price has been able to recover some of its losses, the company faces a tough challenge. AMBCrypto discovered this after analyzing the altcoin’s Large Holders Netflow.

This week, the price of Litecoin couldn’t help but fall like the rest of the market. On July 5, the value of the cryptocurrency plummeted to $57.55. However, the last 24 hours saw a 7.05% increase as LTC changed hands to $62.50.

Litecoin hotshots are leaving the coin

However, despite the rise, it is uncertain whether the cryptocurrency will continue its latest leap. In fact, according to data from IntoTheBlock, at the time of writing, Large Holders Netflow was down 95.84% over the past seven days.

Simply put, the metric is the difference between the inflow of large holders and the outflow of large holders. For context, major holders are addresses that control at least 0.1% to 1% of the total circulating supply.

When the net flow is positive, large investors accumulate more than they sell. On the contrary, if it is negative, it means that these holders are selling more than buying. This is also the case with LTC.

Litecoin faces selling pressureLitecoin faces selling pressure

Source: IntoTheBlock

Should the metric remain negative, Litecoin’s upward trend could be halted. However, if inflows start to exceed outflows, the value could trade above $60 in the near term, potentially moving closer to $70.

That being said, AMBCrypto deemed it necessary to evaluate other data sets to understand the potential direction of LTC. To do this, we evaluated the altcoin’s Investor Capitalization.

See also  Ethereum price is surging towards $3,200 and the bulls are just getting started

The price of LTC is close to the bottom and could trade higher

This statistic is the difference between Realized Cap and Thermocap. The result of this calculation indicates whether the coin has hit the top or whether the bottom is inside.

If Investor Capitalization spikes, it suggests the coin is close to the top of this cycle. However, if the value is low, it means that the price is close to the bottom.

According to Glassnode, the metric was at an all-time low, indicating that LTC may be undervalued.

The cost of Litecoin is undervaluedThe cost of Litecoin is undervalued

Source: Glassnode

Turning to the short-term outlook, AMBCrypto next looked at the In/Out of Money Around Price (IOMAP) indicator. The IOMAP groups focus on those who make a profit and those who suffer a loss, depending on their average accumulation price.

As a result, the metric acts as support or resistance. The larger the cluster of addresses within a price range, the stronger the support or resistance.

At the time of writing, the data showed that 128,140 addresses purchased 485,190 LTC at an average price of $63.39. This cohort ran out of money. On the other hand, 135,090 addresses purchased 1.51 million LTC for approximately $61.27. This cohort was in the money.

Since there was a higher number of addresses at a lower value, this suggested that Litecoin has strong support on the charts. Given this position, there is a good chance that Litecoin would reverse the resistance at $63.39.

Litecoin Price PredictionLitecoin Price Prediction

Source: IntoTheBlock


Is your portfolio green? Check out the Litecoin Profit Calculator


If this happens, LTC could reach $65.35 in a few days. However, this prediction could be invalidated if large holders of the coin continue to sell.

See also  Ethereum: buy signal for ETH? Double bottom on price chart says...

If this is the case, LTC could fall back below $60.

Next: Bitcoin’s July Targets – Analysis of the Road to Recovery for the Price of BTC

Source link

#LTC action Big dictate Drawdowns Litecoin Price
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Is Bitcoin of $ 250K possible this year? This research director thinks so

2025-06-03

Maker pump 8% while MKR -Walvissen jump to heaven – details

2025-06-03

Dogecoin (doge) refuses while Ruvi Ai (Ruvi) wins momentum, analysts say it could lead the next Bull Run

2025-06-03

A matter of time before Altcoins take a big dip against Bitcoin, according to analyst Benjamin Cowen

2025-06-03
Add A Comment

Comments are closed.

Top Posts

Analyst predicts a 130% rally to $18

2023-09-29

NFT Paris founder says brands are ‘fully embracing’ NFTs

2023-10-31

1kx leads $5 million seed round for generative art NFT platform fxhash

2023-08-08
Editors Picks

Partially completed Wave 5 says there is still room to run

2025-05-10

Uniswap facing backlash over corporate source license imposed on v4 code

2023-06-22

BONK hits the brakes during his rally – What now?

2024-01-13

Nouns DAO and Atrium launch first animated film financed by a DAO

2023-06-22

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Pro -Cryptto -legislator misses the Bitcoin’s deadline -publicly making -Washington is turning a blind eye?

Incentiv Testnet is going live to expand blockchain accessibility

MINTABLE reveals Green NFT -card game on Singapore Climate Festival

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$105,365.05-0.55%
  • ethereumEthereum(ETH)$2,593.07-0.75%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.252.08%
  • binancecoinBNB(BNB)$661.32-0.77%
  • solanaSolana(SOL)$155.36-1.02%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.193149-1.29%
  • tronTRON(TRX)$0.2703530.49%
  • cardanoCardano(ADA)$0.68-0.68%
  • hyperliquidHyperliquid(HYPE)$36.37-0.10%
  • suiSui(SUI)$3.24-3.05%
  • chainlinkChainlink(LINK)$14.11-0.04%
  • avalanche-2Avalanche(AVAX)$21.09-0.57%
  • stellarStellar(XLM)$0.2731150.47%
  • unus-sed-leoUNUS SED LEO(LEO)$8.955.28%
  • bitcoin-cashBitcoin Cash(BCH)$401.29-0.71%
  • the-open-networkToncoin(TON)$3.18-0.91%
  • shiba-inuShiba Inu(SHIB)$0.000013-1.47%
  • hedera-hashgraphHedera(HBAR)$0.1719900.18%
  • litecoinLitecoin(LTC)$89.64-0.17%
  • polkadotPolkadot(DOT)$4.14-0.37%
  • moneroMonero(XMR)$345.19-3.34%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • bitget-tokenBitget Token(BGB)$4.790.62%
  • daiDai(DAI)$1.00-0.03%
  • pepePepe(PEPE)$0.000012-0.87%
  • piPi(PI)$0.65-0.01%
  • uniswapUniswap(UNI)$6.632.68%
  • aaveAave(AAVE)$266.743.69%
  • bittensorBittensor(TAO)$387.84-3.83%
  • aptosAptos(APT)$4.930.76%
  • crypto-com-chainCronos(CRO)$0.102420-0.79%
  • nearNEAR Protocol(NEAR)$2.51-0.25%
  • okbOKB(OKB)$50.09-0.11%
  • internet-computerInternet Computer(ICP)$5.333.72%
  • ondo-financeOndo(ONDO)$0.85-0.26%
  • ethereum-classicEthereum Classic(ETC)$17.57-0.06%
  • gatechain-tokenGateToken(GT)$19.270.19%
  • kaspaKaspa(KAS)$0.087638-2.40%
  • mantleMantle(MNT)$0.68-0.90%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.215116-1.80%
  • official-trumpOFFICIAL TRUMP(TRUMP)$11.17-1.39%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • vechainVeChain(VET)$0.024649-0.85%
  • render-tokenRender(RENDER)$3.88-2.27%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.824.75%
  • ethenaEthena(ENA)$0.3357133.25%
  • worldcoin-wldWorldcoin(WLD)$1.190.15%
  • filecoinFilecoin(FIL)$2.63-0.38%
  • bitcoinBitcoin(BTC)$105,365.05-0.55%
  • ethereumEthereum(ETH)$2,593.07-0.75%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.252.08%
  • binancecoinBNB(BNB)$661.32-0.77%
  • solanaSolana(SOL)$155.36-1.02%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.193149-1.29%
  • tronTRON(TRX)$0.2703530.49%
  • cardanoCardano(ADA)$0.68-0.68%
  • hyperliquidHyperliquid(HYPE)$36.37-0.10%
  • suiSui(SUI)$3.24-3.05%
  • chainlinkChainlink(LINK)$14.11-0.04%
  • avalanche-2Avalanche(AVAX)$21.09-0.57%
  • stellarStellar(XLM)$0.2731150.47%
  • unus-sed-leoUNUS SED LEO(LEO)$8.955.28%
  • bitcoin-cashBitcoin Cash(BCH)$401.29-0.71%
  • the-open-networkToncoin(TON)$3.18-0.91%
  • shiba-inuShiba Inu(SHIB)$0.000013-1.47%
  • hedera-hashgraphHedera(HBAR)$0.1719900.18%
  • litecoinLitecoin(LTC)$89.64-0.17%
  • polkadotPolkadot(DOT)$4.14-0.37%
  • moneroMonero(XMR)$345.19-3.34%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • bitget-tokenBitget Token(BGB)$4.790.62%
  • daiDai(DAI)$1.00-0.03%
  • pepePepe(PEPE)$0.000012-0.87%
  • piPi(PI)$0.65-0.01%
  • uniswapUniswap(UNI)$6.632.68%
  • aaveAave(AAVE)$266.743.69%
  • bittensorBittensor(TAO)$387.84-3.83%
  • aptosAptos(APT)$4.930.76%
  • crypto-com-chainCronos(CRO)$0.102420-0.79%
  • nearNEAR Protocol(NEAR)$2.51-0.25%
  • okbOKB(OKB)$50.09-0.11%
  • internet-computerInternet Computer(ICP)$5.333.72%
  • ondo-financeOndo(ONDO)$0.85-0.26%
  • ethereum-classicEthereum Classic(ETC)$17.57-0.06%
  • gatechain-tokenGateToken(GT)$19.270.19%
  • kaspaKaspa(KAS)$0.087638-2.40%
  • mantleMantle(MNT)$0.68-0.90%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.215116-1.80%
  • official-trumpOFFICIAL TRUMP(TRUMP)$11.17-1.39%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • vechainVeChain(VET)$0.024649-0.85%
  • render-tokenRender(RENDER)$3.88-2.27%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.824.75%
  • ethenaEthena(ENA)$0.3357133.25%
  • worldcoin-wldWorldcoin(WLD)$1.190.15%
  • filecoinFilecoin(FIL)$2.63-0.38%