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Information about Litecoin (LTC)
Litecoin is an open-source software project built on the Bitcoin (BTC) protocol. This peer-to-peer cryptocurrency allows users to make near-instant payments with meager transaction costs. Litecoin consists of an open-source and distributed global payment network that does not depend on any central or regulatory entity.
Litecoin (LTC) was born on October 7, 2011, and was created by Charles Lee, managing director of the LiteCoin Foundation and a computer scientist, former Google engineer. It is a cryptocurrency designed to help users make payments quickly, securely, and at a low cost by taking advantage of the unique properties of blockchain technology.
News
Litecoin (LTC) is lagging behind, currently priced at around 81 USD, showing signs of a double-top pattern. If LTC does not hold above 100 USD, declines to the 55-60 USD range could occur.
Analysts anticipate LTC could rise to 175-200 USD in 2025 if it breaks key resistance at 140 USD. In contrast, mixed AI predictions show possibilities ranging from 70-100 USD based on market conditions.
Cassava Technologies, led by Strive Masiyiwa, partners with Nvidia to establish Africa’s first AI factory in South Africa by June 2025. This initiative aims to equip local businesses with advanced AI capabilities to foster innovation and support economic growth.
Market optimism for exchange-traded funds (ETFs) linked to XRP, Cardano (ADA), and Litecoin (LTC) is rising, with probabilities of 87%, 61%, and 68% for regulatory approvals by 2025, spurred by recent legal developments surrounding Ripple Labs.
According to Polymarket, there is an 87% probability that XRP ETF will gain regulatory approval by 2025 due to the SEC’s recent legal retreats. This insight enhances market optimism for cryptocurrency ETFs.
Ripple Labs’ favorable news has bolstered enthusiasm for XRP, while ADA and LTC’s ETF approval probabilities stand at 61% and 68%, respectively. Bitcoin is demonstrating stable trading ranges, indicating potential breakout levels.
Litecoin boasts 77.7% of holders classified as long-term investors, exceeding Bitcoin’s and Ethereum’s figures. However, this strong HODLing sentiment correlates with low short-term profitability.
Currently priced at 90.98 USD, LTC is struggling to recover as it remains below its 50-day and 200-day moving averages. The RSI indicates weakened momentum, potentially trapping LTC in a consolidation phase.
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