halving event happening in August 2023<\/a>. When this happens, the block reward could drop another 50% to 6.25 LTC. This decrease in supply could end up pushing the price upwards, as long as demand remains high.<\/p>\nFeatured image from GoBankingRates, chart from TradingView.com<\/p>\n","protected":false},"excerpt":{"rendered":"
Litecoin (LTC) emerged as the top gainer over Christmas Day with an impressive performance. This put it ahead of market leaders such as bitcoin and ethereum in terms of performance, solidifying its position as the market leader through the first half of the holidays. Litecoin Tops List Of Gainers Over the last 24 hours, Litecoin has been on an upward rally that put its price firmly above $65, turning resistance into support for it. The digital asset saw upwards of a 6% increase in price over the last day. The rally stopped just below $70 before a slight downward correction took place. Related Reading: Ethereum Stalls At $1,200, Why Bears Still Have The Upper Hand Given that most of the crypto market remained muted through Christmas, this put Litecoin right at the top of the gainers’ list. It also saw a significant jump in trading volume, rising more than 180% over the 24-hour period to be sitting at $437.7 million at the time of this writing. Its market cap crossed $4.9 and this saw it surpass Shiba Inu to reclaim its spot as the 14th largest cryptocurrency by market cap. Other cryptocurrencies that made the gainers list was GRT with more than a 4.20% increase in price over the one-day period. ICP was third on the list with 3.56% gains, while CSPR followed closely behind at 3.21%. Terra Classic (LUNC) featured as 5th on the list, rising about 3% on Christmas to be sitting at $0.0001486. Can LTC Reach $100? Litecoin\u2019s recent bullish movement can be attributed to CNBC\u2019s Jim Cramer saying during an interview that holders of the cryptocurrency are \u201cidiots.\u201d Following this, the digital asset had begun to trend on social media, resulting in an upward rally on Christmas Day. Bulls try to push LTC above $70 | Source: BTCUSD on TradingView.com However, LTC hit a roadblock just before reaching $70. Even though this put it above its 50 and 100-day moving averages, there was still enough resistance from the bears to keep it from reclaiming this position in the short term. This means that successfully beating $70 will likely see a rapid rise to $80 for LTC. But $100 remains a long way off for LTC. Related Reading: FTX Token Jumps 65% As SBF Returns Home, Can FTT Hold The Gains? The recent rally does not carry enough momentum to see it through to $100. Add in the fact that the crypto winter is still in full swing and it becomes improbable that the digital asset would be able to reach this price level in the short term. If bitcoin were to fall further and hit $10,000, then LTC could reach a low of $30 before the next bull market begins. One important event to look towards that could mark a bullish trend for Litecoin, though, would be the next halving event happening in August 2023. When this happens, the block reward could drop another 50% to 6.25 LTC. This decrease in supply could end up pushing the price upwards, as long as demand remains high. Featured image from GoBankingRates, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":513735,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16897],"tags":[10,87614,2828,2829,2831,79510],"class_list":["post-513733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-litecoin","tag-litecoin","tag-litecoin-performance","tag-ltc","tag-ltc-price","tag-ltcusd","tag-ltcusdt"],"acf":[],"yoast_head":"\n
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With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Litecoin (LTC) Tops List Of Christmas Gainers, Is $100 Still Possible?","url":"http:\/\/wncen.com\/news\/litecoin\/litecoin-tops-list-of-gainers\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/litecoin\/litecoin-tops-list-of-gainers\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/Litecoin.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/Litecoin.jpeg?fit=1920%2C1080"},"articleSection":"Litecoin","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["litecoin","litecoin performance","ltc","ltc price","ltc\/usd","ltcusdt"],"dateCreated":"2022-12-26T17:00:18Z","datePublished":"2022-12-26T17:00:18Z","dateModified":"2024-06-11T08:11:23Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Litecoin (LTC) Tops List Of Christmas Gainers, Is $100 Still Possible?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/litecoin\\\/litecoin-tops-list-of-gainers\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/litecoin\\\/litecoin-tops-list-of-gainers\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/Litecoin.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/Litecoin.jpeg?fit=1920%2C1080\"},\"articleSection\":\"Litecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"litecoin\",\"litecoin performance\",\"ltc\",\"ltc price\",\"ltc\\\/usd\",\"ltcusdt\"],\"dateCreated\":\"2022-12-26T17:00:18Z\",\"datePublished\":\"2022-12-26T17:00:18Z\",\"dateModified\":\"2024-06-11T08:11:23Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/Litecoin.jpeg?fit=1920%2C1080","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/513733"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=513733"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/513733\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/513735"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=513733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=513733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=513733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}