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Here’s Why Litecoin Price Is Up 18% Today?
Published
3 months agoon
By
admin
Litecoin price is outperforming the broader crypto market run-up gaining more than 18% in the last 24 hours shooting all the way to $120 levels. The daily trading volume has also skyrocketed by a massive 301% to $1.68 billion suggesting strong bullish momentum moving ahead. This comes amid strong LTC whale accumulation along with the growing optimism for Litecoin ETF approval.
What’s Behind the Litecoin Price Rally?
After forming a strong base at $100, the Litecoin price has gained 18% in the last 24 hours supported by a strong boost in the daily trading volumes. As per the Coinglass data, the LTC open interest has shot up by 30% to $582 million while the 24-hour liquidations have surged to $1.60 million with $1.28 million in short liquidations.
As per blockchain analytics firm Santiment, the Litecoin price surge comes due to increased activity from large investors, specifically whales and sharks holding at least 10,000 LTC. These entities have collectively accumulated 250,000 LTC since January 9, signaling strong institutional and large-scale investor interest.


This pattern mirrors similar activity observed in early December. Thus, this reinforces the notion that big players are showing much interest in LTC with the expectations of further price gains.
LTC Rally to $200 And Beyond Very Soon?
As LTC has bounced back from the support of $100 with strong trading volumes, analysts are bullish regarding its next leg of the rally to $200 and beyond. Popular crypto analyst Solberg Invest stated that LTC has completed a “retest” phase following its breakout from a long-term downward trendline. This development, combined with the appearance of a triple-bottom pattern on the chart, signals that Litecoin may be set for a significant upward move, potentially gaining $200 in value.


XBT Liquidators has highlighted a bullish setup in Litecoin’s chart that has largely gone unnoticed. The analysis points to the role of Gann angles, which, once broken, can act as strong support or resistance levels. With Litecoin price holding above the Gann angle without retracing, the analysts suggest this is a highly bullish signal. They predict that a move to $250 in the next upward leg is a “no-brainer. On the other, other market analysts have shared an LTC price prediction of $500 by mid-2025.
No one talking about this $LTC chart.
Remember, gann angles, once broken, can act like support/resistance.
Since LTC price didn’t dump back below the gann angle, this is very bullish.
$250 on the next leg up is a no-brainer. pic.twitter.com/OzMAYKNily
— XBT Liquidators (@Cryptard3000) January 15, 2025
Optimism Around Litecoin ETF Grows
On Wednesday, Canary Capital submitted the S-1 application to the U.S. Securities and Exchange Commission (SEC) for a spot Litecoin ETF. Eric Balchunas, senior ETF analyst at Bloomberg, has hinted at progress in Litecoin ETF approval. Balchunas noted that reports suggest the Litecoin S-1 filing has received comments from the U.S. Securities and Exchange Commission (SEC), signaling a step forward.
“This development supports our prediction that Litecoin is the most likely candidate for the next ETF approval,” Balchunas stated. As of press time, the LTC price is trading 17.31% up at $119.31.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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24/7 Cryptocurrency News
Dogecoin Price Breakout in view as Analyst Predicts $5.6 high
Published
4 hours agoon
April 17, 2025By
admin
A Dogecoin (DOGE) price breakout past its previous All-Time High (ATH) price is gradually becoming possible amid the current market setup. While still tied in a long-drawn consolidation, a potential breakout is ahead for the memecoin, according to predictions from market analysts.
Dogecoin Price and Open Interest Outlook
As of this writing, DOGE’s price has changed hands for $0.1569, which has increased by 3.3% in the past 24 hours. This price trend is a testament to how resilient the DOGE price is, having traded at a low spot value of $0.1532. The memecoin has traded at a very close range during this period.
The current DOGE outlook shows a bullish trend in the futures market as showcased by Open Interest data. Data from Coinglass pegs the total Dogecoin committed to the futures market at 9.87 billion DOGE. This was valued at $1.54 billion and has skyrocketed by more than 5% in 24 hours.
Top crypto exchanges like Binance, OKX, and Bybit saw the highest DOGE open interest record. While the price traded at a relatively close range, the open interest commitment proves that traders with leverage are betting on the asset.
DOGE Price to $5.6?
Optimism trails Dogecoin, despite its spot value now trading down 78.71% from its ATH of $0.7376. Market analyst Dogedog told his more than 58,600 followers on X that the price of DOGE is heading to $5.6.
#Dogecoin heading to $5.60.
Breaking falling wedges. pic.twitter.com/XH7bwI7am4
— dogegod (@_dogegod_) April 17, 2025
While Dogegod did not provide a timeline or much context for his prediction, he highlighted how the memecoin breaks falling wedges. The analyst is not alone in his projection for the coin, as an earlier DOGE price analysis, Ali Martinez, predicted a $0.29 rally for the asset in the near term.
Although this price trend is not unrealistic, the broader market slowdown may serve as a bottleneck. Key performance metrics already tipped the Dogecoin price in line for a short-term breakout. With trading volume up 6% to more than $586 million as of writing, retail interest in the coin has further skyrocketed.
Dogecoin remains the lead among altcoins being considered for an exchange-traded fund (ETF) product. As reported earlier by CoinGape, 21Shares filed for a spot Dogecoin ETF, the latest asset manager to make the move. The belief is that an approval can usher in institutional funds, which can help fuel the coin’s price growth.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Here’s What to Expect From TOWNS Token Price at Launch?
Published
20 hours agoon
April 17, 2025By
admin
Towns, an on-chain decentralized messaging platform, is launching its native TOWNS token with an airdrop in 2025. The Towns association with the Base blockchain network has made it popular among crypto investors. Many are awaiting this token launch, especially as the platform raised $35.5M in funding backed by a16z, Coinbase Ventures, and others. In this blog, let us discuss the key details around the TOWNS token launch and potential price.
Towns Airdrop, Token Listing Date & Other Details
The TOWNS token launch with an airdrop is set to happen in Q2 2025 (before June). It will have a total supply of 10 billion, and 57% is allocated to the community. The remaining 35% is allocated to the team and investors, and 8% to initial node operators and delegators.
Interestingly, 10% (1 billion) is allocated for the airdrop going live before June. Notably, the listing date, eligibility criteria, and the TOWNS token price have not yet been finalized. However, the community discussions reveal that it is among the most anticipated crypto airdrops in 2025.
How to Qualify for Towns Airdrop?
Since the eligibility criteria for this airdrop are still due, the interested users can follow the following steps to potentially qualify. This includes:
- Setting up Base wallet with at least $10 in ETH
- Signing up with Towns’ platform
- Creating a Town group chat
- Continuous engagement with the platform, including joining paid Towns
- Completing activities for rewards/ points
Although these steps do not necessarily make users eligible, these are common crypto airdrop requirements. Similarly, the PAWS airdrop is in motion, which was delayed due to last-minute eligibility changes. Investors must stay updated with the airdrop notifications.
What can you expect from the TOWNS Token Price at Launch?
Towns’ decentralized platform has gained a significant milestone, showing investors’ interest in the upcoming airdrop. It includes the 1 million+ membership purchases, 332,000+ group chats, and much more.
Based on the potential hype among investors (around launch), circulating supply, potential top crypto exchange listing, and similar launches, experts anticipate the TOWN token price to be between $0.025 and $0.05 at launch. However, this is just an anticipation and could go differently.
Frequently Asked Questions (FAQs)
The eligibility criteria are not out yet, but experts anticipate proper interaction with the platform, including creating a Town group chat is important to be eligible.
The token will be launched with a total supply of 1 billion, and 57% is allocated to the community, 35% to the team and investors, and 8% to initial node operators and delegators.
The team has not officially announced the launch price, but experts calculate it between $0.025 and $0.05.
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Court Grants Ripple And SEC’s Joint Motion To Suspend Appeal
Published
1 day agoon
April 16, 2025By
admin
In the latest development in the long-running XRP lawsuit, the US Court of Appeals has granted Ripple and the SEC’s joint motion to suspend their respective appeals. This will give both parties time to finalize the settlement in the long-running legal battle.
XRP Lawsuit: Court Grants Ripple & SEC’s Joint Motion
As revealed in a court document, the US Court of Appeals has granted Ripple and the US Securities and Exchange Commission’s (SEC) joint motion to hold the appeal in abeyance. The court has further directed the Commission to file a status report within 60 days of this order.
This court order consequently suspends the ongoing appeal and cross-appeal filed by the SEC and Ripple, respectively. As CoinGape reported, both parties had filed the joint motion to suspend the appeals in light of them reaching a settlement.
The SEC and Ripple argued that holding the appeal in abeyance will help conserve judicial and party resources while they both continue to pursue a negotiated resolution of this matter.
In March, Ripple agreed to drop its cross-appeal against the SEC following the latter’s decision to drop its appeal in the long-running XRP lawsuit. However, the matter is yet to be finalized as both parties revealed in the filing that they need additional time to obtain the Commission approval for their agreement-in-principle.
Once approved, both parties will still need to get an indicative ruling from the District Court. As part of the agreement, Ripple and the SEC had agreed that the former would only pay $50 million out of the $125 million penalty that Judge Analisa Torres awarded against the crypto firm. The Commission also agreed to request that Judge Torres lift the standard injunction that it imposed on Ripple.
Possible Reason For The Delay?
It remains unclear why the Commission has yet to approve the agreement in the XRP lawsuit. However, a possible reason could be that the SEC is holding out for Paul Atkins to assume office.
As CoinGape reported, the US Senate has confirmed Atkins as the next SEC Chair. The next step is for US President Donald Trump to sign off on the confirmation and swear him in as Gary Gensler’s successor.
Once the Commission approves the agreement, Ripple and the SEC will ask Judge Torres for relief from her earlier judgment. Once that happens, the Court of Appeals can strike out the appeal and remand the case to the District court for a full ruling on the agreement.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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