Litecoin [LTC]: Good news on the NFT front, but here's the 'but' of it all

[ad_1] <div id="mvp-content-main"> Excellent news got here for the <a target="_blank" href="https://ambcrypto.com/?s=LTC" data-wpel-link="internal" rel="noopener">Litecoin [LTC]</a> NFT ecosystem because it witnessed progress over the previous few days. Santiment’s<a target="_blank" href="https://app.santiment.net/charts/6NhzcWPw__sCl" data-wpel-link="external" rel="nofollow external noopener noreferrer"> data</a> revealed that not solely did LTC’s whole NFT commerce rely register an uptick, nevertheless it’s NFT commerce quantity in USD additionally elevated. This growth was legitimate as LiteVerse, Litecoin’s first NFT market, introduced a partnership with Antpool. The LiteVerse is an NFT market makes use of OmniLite to mint NFTs with low charges. <amp-twitter width="auto" height="197" layout="fixed-height" data-tweetid="1587489276484370432" class="twitter-tweet i-amphtml-layout-fixed-height i-amphtml-layout-size-defined" data-width="550" data-dnt="true" style="height:197px" i-amphtml-layout="fixed-height"><button overflow="" type="button">See extra</button><blockquote class="twitter-tweet" data-width="550" data-dnt="true" placeholder=""> Partnership announcement with ltcLABS (<a target="_blank" href="https://twitter.com/AntPoolofficial?ref_src=twsrc%5Etfw" data-wpel-link="external" rel="nofollow external noopener noreferrer">@AntPoolofficial</a> x <a target="_blank" href="https://twitter.com/LTCFoundation?ref_src=twsrc%5Etfw" data-wpel-link="external" rel="nofollow external noopener noreferrer">@LTCFoundation</a>) is official!🔥<a target="_blank" href="https://twitter.com/hashtag/Litecoin?src=hash&ref_src=twsrc%5Etfw" data-wpel-link="external" rel="nofollow external noopener noreferrer">#Litecoin</a> <a target="_blank" href="https://twitter.com/hashtag/LTC?src=hash&ref_src=twsrc%5Etfw" data-wpel-link="external" rel="nofollow external noopener noreferrer">#LTC</a> <a target="_blank" href="https://twitter.com/hashtag/LTCFAM?src=hash&ref_src=twsrc%5Etfw" data-wpel-link="external" rel="nofollow external noopener noreferrer">#LTCFAM</a> <a target="_blank" href="https://twitter.com/hashtag/Crypto?src=hash&ref_src=twsrc%5Etfw" data-wpel-link="external" rel="nofollow external noopener noreferrer">#Crypto</a> <a target="_blank" href="https://twitter.com/hashtag/NFT?src=hash&ref_src=twsrc%5Etfw" data-wpel-link="external" rel="nofollow external noopener noreferrer">#NFT</a> <a target="_blank" href="https://twitter.com/hashtag/NFTs?src=hash&ref_src=twsrc%5Etfw" data-wpel-link="external" rel="nofollow external noopener noreferrer">#NFTs</a> <a target="_blank" href="https://twitter.com/hashtag/NFTCommunity?src=hash&ref_src=twsrc%5Etfw" data-wpel-link="external" rel="nofollow external noopener noreferrer">#NFTCommunity</a> <a target="_blank" href="https://twitter.com/hashtag/dogecoin?src=hash&ref_src=twsrc%5Etfw" data-wpel-link="external" rel="nofollow external noopener noreferrer">#dogecoin</a> <a target="_blank" href="https://twitter.com/hashtag/doge?src=hash&ref_src=twsrc%5Etfw" data-wpel-link="external" rel="nofollow external noopener noreferrer">#doge</a> <a target="_blank" href="https://twitter.com/hashtag/ElonMusk?src=hash&ref_src=twsrc%5Etfw" data-wpel-link="external" rel="nofollow external noopener noreferrer">#ElonMusk</a> <a target="_blank" href="https://twitter.com/hashtag/SolanaNFT?src=hash&ref_src=twsrc%5Etfw" data-wpel-link="external" rel="nofollow external noopener noreferrer">#SolanaNFT</a> <a target="_blank" href="https://twitter.com/hashtag/OpenSeaNFT?src=hash&ref_src=twsrc%5Etfw" data-wpel-link="external" rel="nofollow external noopener noreferrer">#OpenSeaNFT</a> <a target="_blank" href="https://twitter.com/hashtag/ltcLabs?src=hash&ref_src=twsrc%5Etfw" data-wpel-link="external" rel="nofollow external noopener noreferrer">#ltcLabs</a> <a target="_blank" href="https://twitter.com/search?q=%24LTC&src=ctag&ref_src=twsrc%5Etfw" data-wpel-link="external" rel="nofollow external noopener noreferrer">$LTC</a> <a target="_blank" href="https://t.co/Dmkfht2uBh" data-wpel-link="external" rel="nofollow external noopener noreferrer">pic.twitter.com/Dmkfht2uBh</a> — LiteVerse: NFT Market (@theliteverse) <a target="_blank" href="https://twitter.com/theliteverse/status/1587489276484370432?ref_src=twsrc%5Etfw" data-wpel-link="external" rel="nofollow external noopener noreferrer">November 1, 2022</a></blockquote></amp-twitter>

______________________________________________________________________________________ Right here’s AMBCrypto’s<a target="_blank" href="https://ambcrypto.com/predictions/litecoin-price-prediction" data-wpel-link="internal" rel="noopener"> Price Prediction for Litecoin [LTC]</a> for 2023-2024 ______________________________________________________________________________________ Regardless of rising within the NFT house, issues didn't look so good on LTC’s each day chart. This was as a result of LTC, after witnessing an extended worth surge, dropped by greater than 2% within the final seven days. Moreover, at press time, LTC was<a target="_blank" href="https://coinmarketcap.com/currencies/litecoin/" data-wpel-link="external" rel="nofollow external noopener noreferrer"> trading</a> at $55.05 with a market capitalization of over $3.94 billion. Traders may need to cross their fingers and hope for the perfect as a number of of LTC’s on-chain metrics revealed the potential of a worth downfall. <h3>Warning is beneficial </h3> <a target="_blank" href="https://ambcrypto.com/litecoin-investors-have-much-to-celebrate-about-after-ltcs-price-and-hashrate-surge/" data-wpel-link="internal" rel="noopener">Litecoin</a>’s velocity, after registering a spike, decreased significantly on 31 October. This was a bearish sign because it indicated that the coin was utilized in transactions much less usually inside a set timeframe. Moreover, LTC’s each day energetic addresses additionally went down in October, which prompt a decrease variety of customers energetic on the community. <div id="attachment_268013" class="wp-caption aligncenter amp-wp-d273a4b" data-amp-original-style="width: 2570px"><a target="_blank" href="https://statics.ambcrypto.com/wp-content/uploads/2022/11/Litecoin-LTC-10.59.43-02-Nov-2022.png" data-wpel-link="internal" rel="noopener"><amp-img aria-describedby="caption-attachment-268013" class="size-full wp-image-268013 amp-wp-enforced-sizes i-amphtml-layout-intrinsic i-amphtml-layout-size-defined" src="https://statics.ambcrypto.com/wp-content/uploads/2022/11/Litecoin-LTC-10.59.43-02-Nov-2022.png" alt="" width="2560" height="867" srcset="https://statics.ambcrypto.com/wp-content/uploads/2022/11/Litecoin-LTC-10.59.43-02-Nov-2022.png 2560w, https://statics.ambcrypto.com/wp-content/uploads/2022/11/Litecoin-LTC-10.59.43-02-Nov-2022-300x102.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2022/11/Litecoin-LTC-10.59.43-02-Nov-2022-1024x347.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2022/11/Litecoin-LTC-10.59.43-02-Nov-2022-768x260.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2022/11/Litecoin-LTC-10.59.43-02-Nov-2022-1536x520.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2022/11/Litecoin-LTC-10.59.43-02-Nov-2022-2048x693.png 2048w" sizes="(max-width: 2560px) 100vw, 2560px" layout="intrinsic" disable-inline-width="" i-amphtml-layout="intrinsic"><i-amphtml-sizer slot="i-amphtml-svc" class="i-amphtml-sizer"><img alt="" aria-hidden="true" class="i-amphtml-intrinsic-sizer" role="presentation" src="data:image/svg+xml;base64,PHN2ZyBoZWlnaHQ9Ijg2NyIgd2lkdGg9IjI1NjAiIHhtbG5zPSJodHRwOi8vd3d3LnczLm9yZy8yMDAwL3N2ZyIgdmVyc2lvbj0iMS4xIi8+"/></i-amphtml-sizer><noscript><img aria-describedby="caption-attachment-268013" loading="lazy" src="https://statics.ambcrypto.com/wp-content/uploads/2022/11/Litecoin-LTC-10.59.43-02-Nov-2022.png" alt="" width="2560" height="867" srcset="https://statics.ambcrypto.com/wp-content/uploads/2022/11/Litecoin-LTC-10.59.43-02-Nov-2022.png 2560w, https://statics.ambcrypto.com/wp-content/uploads/2022/11/Litecoin-LTC-10.59.43-02-Nov-2022-300x102.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2022/11/Litecoin-LTC-10.59.43-02-Nov-2022-1024x347.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2022/11/Litecoin-LTC-10.59.43-02-Nov-2022-768x260.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2022/11/Litecoin-LTC-10.59.43-02-Nov-2022-1536x520.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2022/11/Litecoin-LTC-10.59.43-02-Nov-2022-2048x693.png 2048w" sizes="(max-width: 2560px) 100vw, 2560px"/></noscript></amp-img></a>Supply: Santiment</div> Nonetheless, a couple of issues had been working in<a target="_blank" href="https://ambcrypto.com/litecoin-ltc-outperformed-bitcoin-btc-in-this-factor/" data-wpel-link="internal" rel="noopener"> LTC</a>’s favor. As an example, LTC’s growth exercise elevated. This was a optimistic signal for a blockchain. Furthermore, LTC continued to achieve curiosity from the derivatives market as its Binance funding price was constantly excessive. <div id="attachment_268016" class="wp-caption aligncenter amp-wp-d273a4b" data-amp-original-style="width: 2570px"><a target="_blank" href="https://statics.ambcrypto.com/wp-content/uploads/2022/11/Litecoin-LTC-11.02.11-02-Nov-2022.png" data-wpel-link="internal" rel="noopener"><amp-img aria-describedby="caption-attachment-268016" class="size-full wp-image-268016 amp-wp-enforced-sizes i-amphtml-layout-intrinsic i-amphtml-layout-size-defined" src="https://statics.ambcrypto.com/wp-content/uploads/2022/11/Litecoin-LTC-11.02.11-02-Nov-2022.png" alt="" width="2560" height="867" srcset="https://statics.ambcrypto.com/wp-content/uploads/2022/11/Litecoin-LTC-11.02.11-02-Nov-2022.png 2560w, https://statics.ambcrypto.com/wp-content/uploads/2022/11/Litecoin-LTC-11.02.11-02-Nov-2022-300x102.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2022/11/Litecoin-LTC-11.02.11-02-Nov-2022-1024x347.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2022/11/Litecoin-LTC-11.02.11-02-Nov-2022-768x260.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2022/11/Litecoin-LTC-11.02.11-02-Nov-2022-1536x520.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2022/11/Litecoin-LTC-11.02.11-02-Nov-2022-2048x693.png 2048w" sizes="(max-width: 2560px) 100vw, 2560px" layout="intrinsic" disable-inline-width="" i-amphtml-layout="intrinsic"><i-amphtml-sizer slot="i-amphtml-svc" class="i-amphtml-sizer"><img alt="" aria-hidden="true" class="i-amphtml-intrinsic-sizer" role="presentation" src="data:image/svg+xml;base64,PHN2ZyBoZWlnaHQ9Ijg2NyIgd2lkdGg9IjI1NjAiIHhtbG5zPSJodHRwOi8vd3d3LnczLm9yZy8yMDAwL3N2ZyIgdmVyc2lvbj0iMS4xIi8+"/></i-amphtml-sizer><noscript><img aria-describedby="caption-attachment-268016" loading="lazy" src="https://statics.ambcrypto.com/wp-content/uploads/2022/11/Litecoin-LTC-11.02.11-02-Nov-2022.png" alt="" width="2560" height="867" srcset="https://statics.ambcrypto.com/wp-content/uploads/2022/11/Litecoin-LTC-11.02.11-02-Nov-2022.png 2560w, https://statics.ambcrypto.com/wp-content/uploads/2022/11/Litecoin-LTC-11.02.11-02-Nov-2022-300x102.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2022/11/Litecoin-LTC-11.02.11-02-Nov-2022-1024x347.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2022/11/Litecoin-LTC-11.02.11-02-Nov-2022-768x260.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2022/11/Litecoin-LTC-11.02.11-02-Nov-2022-1536x520.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2022/11/Litecoin-LTC-11.02.11-02-Nov-2022-2048x693.png 2048w" sizes="(max-width: 2560px) 100vw, 2560px"/></noscript></amp-img></a>Supply: Santiment</div> <h3>The bears are again in motion </h3> A take a look at<a target="_blank" href="https://ambcrypto.com/litecoin-buy-low-sell-high-and-gain-a-profit-may-not-be-ltcs-route-this-quarter/" data-wpel-link="internal" rel="noopener"> LTC</a>’s each day chart prompt that consumers witnessed an edge available in the market for per week. Nonetheless, sellers had buckled up as a number of market indicators revealed the probabilities of a downtick. LTC’s Relative Power Index (RSI) was resting simply above the impartial place. The Chaikin Cash Movement (CMF) registered a downtick and went under the impartial mark, which was a bearish sign. Furthermore, the Shifting Common Convergence Divergence (MAC) displayed the potential of a bearish crossover quickly. Curiously, the 20-day Exponential Shifting Common (EMA) was in a tussle with the 50-day EMA, which gave some hope for a worth surge. <div id="attachment_268037" class="wp-caption aligncenter amp-wp-bb3e954" data-amp-original-style="width: 1824px"><a target="_blank" href="https://statics.ambcrypto.com/wp-content/uploads/2022/11/LTCUSDT_2022-11-02_12-30-46.png" data-wpel-link="internal" rel="noopener"><amp-img aria-describedby="caption-attachment-268037" class="size-full wp-image-268037 amp-wp-enforced-sizes i-amphtml-layout-intrinsic i-amphtml-layout-size-defined" src="https://statics.ambcrypto.com/wp-content/uploads/2022/11/LTCUSDT_2022-11-02_12-30-46.png" alt="" width="1814" height="778" srcset="https://statics.ambcrypto.com/wp-content/uploads/2022/11/LTCUSDT_2022-11-02_12-30-46.png 1814w, https://statics.ambcrypto.com/wp-content/uploads/2022/11/LTCUSDT_2022-11-02_12-30-46-300x129.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2022/11/LTCUSDT_2022-11-02_12-30-46-1024x439.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2022/11/LTCUSDT_2022-11-02_12-30-46-768x329.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2022/11/LTCUSDT_2022-11-02_12-30-46-1536x659.png 1536w" sizes="(max-width: 1814px) 100vw, 1814px" layout="intrinsic" disable-inline-width="" i-amphtml-layout="intrinsic"><i-amphtml-sizer slot="i-amphtml-svc" class="i-amphtml-sizer"><img alt="" aria-hidden="true" class="i-amphtml-intrinsic-sizer" role="presentation" src="data:image/svg+xml;base64,PHN2ZyBoZWlnaHQ9Ijc3OCIgd2lkdGg9IjE4MTQiIHhtbG5zPSJodHRwOi8vd3d3LnczLm9yZy8yMDAwL3N2ZyIgdmVyc2lvbj0iMS4xIi8+"/></i-amphtml-sizer><noscript><img aria-describedby="caption-attachment-268037" loading="lazy" src="https://statics.ambcrypto.com/wp-content/uploads/2022/11/LTCUSDT_2022-11-02_12-30-46.png" alt="" width="1814" height="778" srcset="https://statics.ambcrypto.com/wp-content/uploads/2022/11/LTCUSDT_2022-11-02_12-30-46.png 1814w, https://statics.ambcrypto.com/wp-content/uploads/2022/11/LTCUSDT_2022-11-02_12-30-46-300x129.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2022/11/LTCUSDT_2022-11-02_12-30-46-1024x439.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2022/11/LTCUSDT_2022-11-02_12-30-46-768x329.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2022/11/LTCUSDT_2022-11-02_12-30-46-1536x659.png 1536w" sizes="(max-width: 1814px) 100vw, 1814px"/></noscript></amp-img></a>Supply: TradingView</div> </div><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> [ad_2] <a href="https://ambcrypto.com/litecoin-why-relying-solely-on-nft-growth-could-spell-disaster-for-ltc-investors/amp/">Source link </a>