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Litecoin / US Dollar

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Digital Currency

Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.

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U.S. Congressman Barry Moore bought Bitcoin (BTC) near its all-time high, resulting in a 5-6% loss in less than a month. Bitcoin reached an all-time high of $73,750.07 in March 2024, driven by the launch of Bitcoin ETFs in January 2024. Moore, who previously invested in cryptocurrencies like Dogecoin (DOGE), Ethereum (ETH), and Cardano (ADA), is among several Congress members engaging in cryptocurrency trading. Despite the current loss, historical trends suggest potential for recovery.

Portfolio Pulse from Chris Katje

April 22, 2024 | 5:00 pm

Investor interest in Bitcoin and other digital asset ETFs and ETPs has declined for the second consecutive week, with outflows totaling $206 million. U.S. ETFs experienced significant outflows of $244 million, while Canada and Switzerland saw inflows. Ethereum and multi-asset products showed divergent trends, with Ethereum facing outflows and multi-asset products seeing inflows. Grayscale ETF, Fidelity ETF, and BlackRock ETF experienced mixed flows. The market's sentiment appears cautious ahead of the Bitcoin halving and in light of potential high interest rates.

Portfolio Pulse from Murtuza Merchant

April 22, 2024 | 12:43 pm

Litecoin (CRYPTO: LTC) has seen a 3.53% increase in price over the last 24 hours, reaching $79.18, despite a 20% decrease over the past week from $98.14. The coin's all-time high is $410.26. Trading volume has decreased by 10% over the week, while circulating supply rose by 0.11% to 74.43 million, 88.61% of its max supply. Litecoin's market cap ranks it 20th at $5.88 billion.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 7:01 pm

Litecoin (LTC) is experiencing a decrease in its trading value as the broader cryptocurrency market faces a downturn, influenced by mixed inflation data and bank earnings reports this week.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 7:55 pm

Coinbase Derivatives has introduced futures contracts for Bitcoin Cash and Litecoin, expanding its offerings. These futures contracts are accessible for trading through broker and FCM partners.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 3:27 pm

Litecoin (CRYPTO: LTC) has experienced a significant decrease of 5.61% in the last 24 hours, bringing its price down to $98.13. This decline is part of a larger downward trend over the past week, with a total decrease of -9.0%. The trading volume for Litecoin has also dropped by 63.0% over the past week, and its circulating supply has slightly decreased by 0.07%, now standing at 74.40 million. Currently, Litecoin's market cap ranks it as the 23rd largest cryptocurrency, valued at $7.30 billion.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 7:02 pm

Litecoin (LTC) is trading lower by 4.4% at $98.68, influenced by a 6% drop in Bitcoin over the past week. Bitcoin's market movements often dictate trends in the cryptocurrency market, affecting altcoins like Litecoin. The close relationship between Bitcoin and Litecoin prices means that a decrease in Bitcoin's value can lead to a decrease in Litecoin's value due to perceived reduced demand.

Portfolio Pulse from Henry Khederian

April 03, 2024 | 6:58 pm

CONF3RENCE 2024 and BLOCKCHANCE have partnered to create a premier Web3 event in Europe's Ruhr area, aiming to bridge the traditional economy with Web3 and AI sectors. Scheduled for May 15-16 at Signal Iduna Park, the event will feature over 150 speakers, including representatives from the European Central Bank, NVIDIA, Animoca Brands, IBM, and Litecoin, among others. The conference will host panel discussions, workshops, and offer networking opportunities, with a focus on blockchain and AI technologies.

Portfolio Pulse from Jose Rodrigo Safdiye

April 03, 2024 | 2:25 pm

Litecoin (CRYPTO: LTC) has seen a significant increase of 8.77% in its price over the last 24 hours, reaching $106.66. Over the past week, the cryptocurrency has risen over 13%, from $93.85. The trading volume surged by 115% in the same period, while the circulating supply decreased by 0.61%, with LTC's market cap ranking at #22 globally.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 7:00 pm

Pseudonymous crypto strategist Rekt Capital predicts Bitcoin (BTC) is on the brink of an all-time high breakout, having already begun the process by closing the last week of March above its resistance level at $69,000. For a full confirmation, Bitcoin needs to maintain a weekly closing above $65,596. This potential breakout could significantly impact the crypto market, influencing the performance of altcoins such as Solana (SOL), Dogecoin (DOGE), and Litecoin (LTC).

Portfolio Pulse from Benzinga Neuro

April 02, 2024 | 11:41 am

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