Saturday, February 4, 2023
TopCrytpoNews.com
Shop
No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • Market & Analysis
  • Bitcoin
  • Altcoins
  • Dogecoin
  • Ethereum
  • Litecoin
  • Solana
TopCrytpoNews.com
No Result
View All Result
Home Litecoin

Can Litecoin [LTC] invite investors’ attention amid ‘buy the dip’ call

Mikhailev by Mikhailev
May 25, 2022
in Litecoin
0
Can Litecoin [LTC] invite investors’ attention amid ‘buy the dip’ call
Share on FacebookShare on Twitter


Because it seems to be, cryptocurrency buyers these days are simply in search of a possibility to leap into the house. And, for a similar cause ‘purchase the dip’ and stacking sats, appear to be trending each time Bitcoin’s worth has dropped over the past two months.

This time as nicely, the identical state of affairs is growing as Bitcoin, together with different altcoins, collectively tripped the market cap, which resulted in a 5.66% fall erasing $103 billion out of the crypto house.

Purchase the dip, however for Litecoin?

Now curiously, a lot of the demand is coming from Twitter which has been in its personal turmoil ever since Elon Musk acquired it for $44 billion.

“Purchase the dip” is trending as soon as once more | Supply: Santiment

Now, probably the most pertinent query is- Can the demand really assist Litecoin make some good points. And, it appears barely tough to reply this query, in the mean time.

Related articles

BNB and Litecoin looking bullish whilst Big Eyes Coin breaks largest presale in recent times at $20.5 Million

BNB and Litecoin looking bullish whilst Big Eyes Coin breaks largest presale in recent times at $20.5 Million

February 2, 2023
MATIC, LTC, and DOT Set to Soar

MATIC, LTC, and DOT Set to Soar

February 2, 2023

Firstly LTC has been performing weakly (by way of worth) when in comparison with a lot of the different altcoins. It is because, over the week, the silver to Bitcoin’s gold has misplaced 15.53% and slipped under $100 to cost ranges that have been final visited by LTC a month in the past and earlier than that solely firstly of 2021.

Litecoin worth motion | Supply: TradingView – AMBCrypto

Though LTC managed to recuperate and commerce at $100 on 27 April, it could not be capable of usher in sufficient demand for a near-term rally.

Because the whole market is setting itself up for potential restoration, one should think about all the opposite belongings which have the sting over Litecoin. To not neglect, Litecoin appears to be floundering as a profitable asset in the mean time.

The highest cryptocurrencies resembling Bitcoin, Ethereum, XRP, and Cardano are all doing higher than Litecoin at the moment.

Though there are numerous different altcoins which are additionally doing higher than Litecoin, these 4 belongings’ worth motion has been fairly much like LTC’s, which is why we will think about them for the sake of comparability.

An investor would solely be drawn towards an asset if it guarantees a great return and Litecoin is actually not even within the operating for that.

Annual ROI for LTC is adverse, and whereas ROI for BTC, ADA, and XRP can also be adverse, it’s nonetheless higher than Litecoin. Nicely, the one asset to vow precise returns is Ethereum, albeit by a minimal margin.

Litecoin’s ROI compared to different belongings | Supply: Coinmetrics – AMBCrypto

The MVRV ratio comparability reveals that whereas Bitcoin, Ethereum, and XRP are all sustaining a optimistic worth above 1.0, Cardano and Litecoin are under it, with the previous standing at 0.92 and the latter at 0.86, at press time.

Litecoin’s market worth compared to different belongings | Supply: Coinmetrics – AMBCrypto

Thus, all of it goes again to Litecoin’s utility which, compared to all these belongings, is fairly insubstantial, conserving the altcoin’s presence minimal in entrance of them.



Source link

Share76Tweet47

Related Posts

BNB and Litecoin looking bullish whilst Big Eyes Coin breaks largest presale in recent times at $20.5 Million

BNB and Litecoin looking bullish whilst Big Eyes Coin breaks largest presale in recent times at $20.5 Million

by Mikhailev
February 2, 2023
0

Lookup within the sky it’s a fowl, it’s a airplane… No, it’s crypto goals raining down from the sky. As...

MATIC, LTC, and DOT Set to Soar

MATIC, LTC, and DOT Set to Soar

by Mikhailev
February 2, 2023
0

The MATIC/USDT buying and selling pair skilled a bounce from its help zone at $1.0784-$1.0538 on the one-hour chart. The...

Bitcoin, Litecoin & Cardano– American Wrap 1 February

Litecoin Price Prediction: LTC targets $120

by Mikhailev
February 2, 2023
0

Litecoin value rose by 35% in January. LTC exhibits potential to rally towards the $120 liquidity zone. The uptrend potential...

Bitcoin, Litecoin & Cardano– American Wrap 1 February

Bitcoin, Litecoin & Cardano– American Wrap 1 February

by Mikhailev
February 2, 2023
0

Bitcoin value plunged to its weekly low of $22,862 earlier at this time, as merchants awaited the US Federal Reserve’s...

Crypto Sharks Have Accumulated Over $108,000,000 in Litecoin in Six Months As LTC Inches Toward $100: Santiment

Crypto Sharks Have Accumulated Over $108,000,000 in Litecoin in Six Months As LTC Inches Toward $100: Santiment

by Mikhailev
February 2, 2023
0

Litecoin (LTC) is rallying with massive assist from shark addresses which have accrued greater than $108 million value of the...

Load More
  • Trending
  • Comments
  • Latest
Square Enix NFT And Blockchain Plans Laid Out In Annual Report

Square Enix NFT And Blockchain Plans Laid Out In Annual Report

May 13, 2022
Is Austin, Texas About to Lead the US in Blockchain, Crypto and Sustainability? With Mission 6, it Appears So

Is Austin, Texas About to Lead the US in Blockchain, Crypto and Sustainability? With Mission 6, it Appears So

May 13, 2022
Jack Dorsey Names Reason for Next Bitcoin Price Surge

438.4 Million Dogecoin Moved to Robinhood for Fee That Easily Beats Any Bank

May 22, 2022
Why ApeCoin is on track to be the next Dogecoin

Why ApeCoin is on track to be the next Dogecoin

May 13, 2022
Japan’s Nomura dives into cryptocurrency derivatives trading (NYSE:NMR)

Japan’s Nomura dives into cryptocurrency derivatives trading (NYSE:NMR)

0
Cryptocurrency Avalanche’s Price Increased More Than 8% Within 24 hours

Cryptocurrency Avalanche’s Price Increased More Than 8% Within 24 hours

0
Bitcoin & Cryptocurrency Take Massive Nose Dive

Bitcoin & Cryptocurrency Take Massive Nose Dive

0
Todd Snider talks life on the road making music ahead of Southern California dates – Daily News

Todd Snider talks life on the road making music ahead of Southern California dates – Daily News

0
Bitcoin Ordinals creator looks for fix after first instance of shock porn

Bitcoin Ordinals creator looks for fix after first instance of shock porn

February 4, 2023
Bitcoin clings to $23.5K as trader says BTC ‘identical’ to 2020 breakout

Bitcoin clings to $23.5K as trader says BTC ‘identical’ to 2020 breakout

February 4, 2023
Sri Lanka against Bitcoin adoption, rejects Draper’s anti-corruption pitch

Sri Lanka against Bitcoin adoption, rejects Draper’s anti-corruption pitch

February 4, 2023
Bitcoin paints Nasdaq green as NCI index marks 38% gain in January

Bitcoin paints Nasdaq green as NCI index marks 38% gain in January

February 4, 2023

Recent News

Bitcoin Ordinals creator looks for fix after first instance of shock porn

Bitcoin Ordinals creator looks for fix after first instance of shock porn

February 4, 2023
Bitcoin clings to $23.5K as trader says BTC ‘identical’ to 2020 breakout

Bitcoin clings to $23.5K as trader says BTC ‘identical’ to 2020 breakout

February 4, 2023
Sri Lanka against Bitcoin adoption, rejects Draper’s anti-corruption pitch

Sri Lanka against Bitcoin adoption, rejects Draper’s anti-corruption pitch

February 4, 2023

Categories

  • Altcoins
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • Litecoin
  • Market & Analysis
  • Solana

Follow Us

Tags

Avalanche bitcoin bitcoin price bitcoin price in india bitcoin price today Blockchain Blockchain Wire business Business news Cardano Crypto Crypto Coins CryptoCurrencies Cryptocurrency cryptocurrency news cryptocurrency price today crypto market crypto news crypto price in india crypto price today Culture DeFi Dogecoin Dogecoin price ETH Ethereum fintech FTX investing Litecoin Markets News NFT Opinion Ripple SEO Shiba shiba inu Shiba Inu Price SOL Solana solana price TECH Technical Analysis Technology
  • Contact Us

© 2022 Top Crypto News - All rights reserved.

No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • Market & Analysis
  • Bitcoin
  • Altcoins
  • Dogecoin
  • Ethereum
  • Litecoin
  • Solana

© 2022 Top Crypto News - All rights reserved.