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bitcoin
Bitcoin (BITCOIN)
$93,716 -1.43%
ethereum
Ethereum (ETHEREUM)
$1,760 -3.44%
binancecoin
BNB (BINANCECOIN)
$595.24 -1.21%
solana
Solana (SOLANA)
$141.86 -4.70%
ripple
XRP (RIPPLE)
$2.16 -6.05%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000013 -4.60%
pepe
Pepe (PEPE)
$0.000009 -4.78%
bonk
Bonk (BONK)
$0.000018 -8.08%
bitcoin
Bitcoin (BITCOIN)
$93,716 -1.43%
ethereum
Ethereum (ETHEREUM)
$1,760 -3.44%
binancecoin
BNB (BINANCECOIN)
$595.24 -1.21%
solana
Solana (SOLANA)
$141.86 -4.70%
ripple
XRP (RIPPLE)
$2.16 -6.05%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000013 -4.60%
pepe
Pepe (PEPE)
$0.000009 -4.78%
bonk
Bonk (BONK)
$0.000018 -8.08%
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Litecoin Price Prediction – LTC Could Drop Below $80 In the Short Term

Highlights:

  • Litecoin is in a bearish continuation pattern, trending toward $80
  • Weak macroeconomic sentiment could push Litecoin below $80
  • Strong fundamentals could trigger an LTC rebound once markets recover 

Litecoin is sending bearish signals ahead of the opening of the US market. It mirrors the increased volatility across the markets ahead of the “Liberation Day” tariffs proposed by President Donald Trump.

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Litecoin currently trades at $82.63, representing a 2.01% drop in price.  Trading volumes have increased slightly by 2.57%. This reflects mixed anticipation amongst traders on where Litecoin could go after the tariffs. Despite the short-term tariff uncertainties, there is a lot that could push Litecoin higher going forward. 

Litecoin’s Price Movement Owing to Bitcoin

One of them is the fact that Litecoin adoption is on the rise. One development is the incorporation of a Litecoin treasury strategy by Luxxfolio Holdings Inc., a digital infrastructure and technology firm. Recently, Luxxfolio bought 4982 LTC as part of its new treasury allocation, preparing for the upcoming surge in crypto payments.

Luxxfolio also participates in network activities by deploying a Litecoin node. This project is intended to improve the company’s infrastructure resilience and bolster its participation in the blockchain and support services on Litecoin, further deepening its engagement with payment technology.

An additional focus area for Luxxfolio Technologies Inc. is the possible resumption of their digital asset mining business, particularly with respect to Litecoin. This assessment is consistent with the company’s vision to engage in blockchain validation, extending its operational presence in the industry.

Litecoin’s Dominance in Cryptocurrency Payments

Litecoin remains the dominant cryptocurrency in transactions, particularly on BitPay, one of the largest cryptocurrency payment processors. It consistently ranks high in transactions by units and total value, highlighting its institutional payment and acceptance usage.

Litecoin ETP Leads to Growing Institutional Adoption

Litecoin is also gaining traction for institutional investment purposes as well. Swedish digital asset manager Virtune recently rolled out the Virtune Litecoin ETP on Nasdaq Stockholm, the largest stock exchange in the Nordic countries. This exchange-traded product is designed to track the performance of Litecoin and is fully collateralized with LTC.

The Litecoin Virtune ETP was created to provide 1:1 exposure to investing in Litecoin so that investors can access it directly without counterparty risk. It can be accessed via brokers and banks such as Avanza and Nordnet, broadening the scope of Litecoin for retail and institutional investors. 

Increase in Litecoin Futures Market: A Long-Term Bullish Signal

Litecoin Open Interest, according to CoinGlass, has increased by 1.4% within 24 hours, hitting 5.46 million LTC, which is roughly $448.71 million. This increase appears to mark some speculative interest in the Litecoin derivatives market.

Increased open interest shows traders positioning themselves for further market movement, suggesting more substantial price trend expectations despite the price slump.

Technical Analysis – Litecoin Price In A Bearish Continuation Pattern

Litecoin has been bearish since failing at the $94.62 resistance on March 26. After an attempted rebound on April 1 failed, Litecoin is now firmly in a bearish continuation pattern. 

LTC
Source: TradingView 

If the trend continues with the upcoming tariff announcements in the US, Litecoin could be headed to prices below $80 in the short term. 

Recap

Litecoin’s short-term price fluctuations are the result of broader market volatility. On the flip side, adoption by institutions, the development of infrastructure, and the growing use of Litecoin in real-life scenarios could help increase its value in the long term. As macroeconomics influence cryptocurrency markets, investors will be watching closely for indicators of stabilization and trends.

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