{"id":274401,"date":"2024-03-30T10:51:55","date_gmt":"2024-03-30T05:21:55","guid":{"rendered":"https:\/\/dripp.zone\/news\/litecoin-ltc-price-breaks-past-105-major-price-rally-expected-in-april-crypto-news\/"},"modified":"2024-03-30T10:51:58","modified_gmt":"2024-03-30T05:21:58","slug":"litecoin-ltc-price-breaks-past-105-major-price-rally-expected-in-april-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/litecoin-ltc-price-breaks-past-105-major-price-rally-expected-in-april-crypto-news\/","title":{"rendered":"Litecoin (LTC) Price Breaks Past $105, Major Price Rally Expected in April &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Litecoin has been making strong moves recently with the LTC price surging by 12% in the last 24 hours shooting all the way to $106. Interestingly, the daily trading volume for Litecoin has shot up by 175% and is currently at $1.87 billion. showing strong investor interest in the altcoins. Since the beginning of 2024, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/litecoin\/\">Litecoin (LTC) price<\/a> has made healthy moves gaining 43% with a majority of it coming over the past week.<\/p>\n<h3>Litecoin Price Confirms the Macro Uptrend<\/h3>\n<p>In a significant development for Litecoin (LTC) enthusiasts, the cryptocurrency has surged by an impressive 22% following a successful retest of its multi-year Macro Downtrend as newfound support. This accomplishment marks the end of the prolonged Macro Downtrend and heralds the commencement of a new Macro Uptrend for LTC.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>Maintaining its position above the crucial $94 mark in the days ahead is deemed imperative for Litecoin\u2019s sustained upward trajectory. Additionally, LTC enthusiasts are closely watching for a Monthly Close above the notable orange resistance level, currently set at $122. Analysts are already expecting <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/litecoin-price-prediction-breaks-two-years-accumulation-to-chase-150\/\">LTC gains<\/a> up to $150 and more.<\/p>\n<p>Historically, such a breakthrough and subsequent establishment of support, akin to the pattern observed in 2020\/2021 (green circle), have been indicative of promising trends for Litecoin\u2019s uptrend, reports popular crypto analyst Rekt Capital.<\/p>\n<figure id=\"attachment_188747\" aria-describedby=\"caption-attachment-188747\" style=\"width: 1794px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-188747\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/Litecoin-LTC-Price-Breakout.jpeg\" alt=\"\" width=\"1794\" height=\"1266\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/Litecoin-LTC-Price-Breakout.jpeg 1794w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/Litecoin-LTC-Price-Breakout-300x212.jpeg 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/Litecoin-LTC-Price-Breakout-1224x864.jpeg 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/Litecoin-LTC-Price-Breakout-768x542.jpeg 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/Litecoin-LTC-Price-Breakout-1536x1084.jpeg 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/Litecoin-LTC-Price-Breakout-150x106.jpeg 150w\" sizes=\"auto, (max-width: 1794px) 100vw, 1794px\"\/><\/noscript><figcaption id=\"caption-attachment-188747\" class=\"wp-caption-text\">Courtesy: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rektcapital\/status\/1773851938255253646\">Rekt Capital<\/a><\/figcaption><\/figure>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>The Litecoin supporters have been eagerly awaiting further developments and potential breakthroughs, eyeing the cryptocurrency\u2019s performance against key resistance levels to gauge its trajectory in the foreseeable future.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<h3>Litecoin Miners In Strong Accumulation Mode<\/h3>\n<p>One of the major reasons behind the Litecoin price rally has been the strong accumulation happening through LTC miners. As per the data from IntoTheBlock, Litecoin miners have amassed 150,000 LTC coins throughout March, elevating their holdings from slightly over 2 million LTC on February 29 to 2.2 million LTC as of March 29.<\/p>\n<p>At the current Litecoin price, the 150,000 LTC acquired recently equates to approximately $16 million. This substantial surge in miners\u2019 reserves over the span of 30 days has notably bolstered bullish sentiment in the market.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>The accumulation by miners signifies a reduction in the influx of newly minted coins entering the market, creating space for bullish investors to assert dominance. Moreover, it indicates miners\u2019 confidence in LTC\u2019s short-term price trajectory, as they opt to retain their holdings in anticipation of future price appreciation.<\/p>\n<h3>LTC Open Interest Rises<\/h3>\n<p>As per the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/currencies\/LTC\">data<\/a> from Coinglass, the Litecoin open interest has surged by a staggering 44% growing all the way to $678.86 million. When the expansion of open interest surpasses the price movement during a breakout\u2019s initiation, traders express optimism regarding the continuity of the upward trend. This sentiment is demonstrated by their readiness to initiate fresh positions or enlarge existing ones.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/litecoin-ltc-price-breaks-past-105-major-price-rally-expected-in-april\/\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/litecoin-ltc-price-breaks-past-105-major-price-rally-expected-in-april\/\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA188745\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. 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surging by 12% in the last 24 hours shooting all the way to $106. Interestingly, the daily trading volume for Litecoin has shot up by 175% and is currently at $1.87 billion. showing strong investor interest in the altcoins. Since the beginning of 2024, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":274204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-274401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/274401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=274401"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/274401\/revisions"}],"predecessor-version":[{"id":274402,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/274401\/revisions\/274402"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/274204"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=274401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=274401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=274401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}