Analysis Today TheBitTimes.com

Traders anticipate a massive increase in LTC price after the halving event and recent developments such as the LTC-20 standard for Ordinals on Litecoin. advertisement Litecoin Creator Charlie Lee Sees Massive Upside Potential Litecoin creator Charlie Lee in a tweet on May 2 revealed his LTC price target. This shocked the Litecoin community as he was tweeting about Litecoin price targets for the first time. Currently, the crypto market values Litecoin at slightly over 1% of Bitcoin. He believes the market maybe accurate today, but Litecoin has a lot of potential. Features such as higher throughput by design, scalability with extension blocks, and better fungibility and privacy from MWEB. He predicts LTC price with an upside potential of 10% against Bitcoin after the halving in early August. Charlie Lee sees LTC/BTC price at 0.025. Currently, LTC/BTC price is trading at 0.003, way below the targeted price. Trending Stories ...

The total crypto market cap has stalled at the $1.2 trillion level, but derivatives data shows bulls are preparing for the next breakout. After gaining 11% between March 16 and March 18, the total crypto market capitalization has been battling resistance at the $1.2 trillion level. This same level was reached on August 14, 2022 and was followed by a 19.7% decline to $960 billion over the next two weeks. During the lateralization period between March 20 and March 27, Bitcoin (BTC) gained 0.3%, while Ether (ETH) posted modest gains of 1.6%. Total crypto market cap in USD, 12-hour. Source: TradingView One source of favorable short-term momentum is a change in the Federal Reserve’s monetary policy The U.S. Federal Reserve was forced to increase its balance sheet by $393 billion between March 9 and March 23 in order to provide short-term loans to failing banks. The objective of the plan was to reduce inflation, which has significantly impacted the cost of living and ultimately hampered ec...