NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

One Top Crypto Prepares to Lift Off as Social Engagement Metrics Explode

Ali Martinez
Ali Martinez
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Most of the top cryptocurrencies by market capitalization have been able to outperform Litecoin since March’s Black Thursday.

Since then, Bitcoin and Ethereum are up by more than 130%. Even XRP has been able to recover most of the losses incurred during the marketwide meltdown as it rose by nearly 88%. Meanwhile, the seventh-largest crypto is up only 84%.

Such an upward advance is quite significant, but when compared to the rest of the market, it seems minuscule. Regardless, on-chain metrics reveal that Litecoin could be preparing for liftoff.

Litecoin’s Social Engagement Metrics Explode

Data from Santiment reveals that since mid-April, Litecoin’s social activity has been experiencing a series of spikes reaching levels not seen since the beginning fo the year.

Throughout the first quarter of 2020, the number of LTC mentions across 1,000 crypto social media channels hovered at an average value of 70. But as Q2 kicked off, Litecoin’s social volume exploded, reaching a score of 722 in late April.

Historically, this altcoin tends to enter an uptrend when social engagement metrics climb up, which could be what is currently happening.

Litecoin's Social Volume. (Source: Santiment)
Litecoin’s Social Volume. (Source: Santiment)

In addition to the social volume, the token age consume chart adds credence to the optimistic outlook. This fundamental indicator shows the ratio between the number of coins changing addresses at a given date and the time since they were last moved, according to Santiment.

While the movement of old coins does not necessarily mean that LTC’s price will go up, a correlation between the two has been developing over the past three months.

When the price of Litecoin dropped by a whopping 50% between March 12 and 13, for instance, more than 200 million idled LTC tokens were moved to different addresses. Subsequently, this cryptocurrency surged over 76%.

A similar event took place on Apr. 16. Following a 20% retracement, an important number of old tokens changed hands, leading to a 17% upswing.

Now that nearly 107 million idled LTC token were moved to different addresses on May 18, history could be about to repeat itself.

Litecoin's Token Age Consumed. (Source: Santiment)
Litecoin’s Token Age Consumed. (Source: Santiment)

Strong Resistance Ahead of Litecoin

IntoTheBlock’s “In/Out of the Money Around Price” (IOMAP) model reveals that Litecoin could find strong resistance ahead if the bulls were to step in. Approximately 75,000 addresses bought more than 1.24 million LTC between $47 and $48.4. Such a massive supply wall could put a stop to the bullish momentum.

But breaking through it could propel Litecoin towards $70. The IOMAP shows that there is not any significant barrier between these price points.

In/Out of the Money Around Price. (Source: IntoTheBlock)
In/Out of the Money Around Price. (Source: IntoTheBlock)

Due to the unpredictability of the cryptocurrency market, it is always essential to take into consideration the other side of the coin. If the selling pressure behind Litecoin starts to pick up, one must pay close attention to the $43 support level since moving past it may push this altcoin down to $39.

Featured Image from Shutterstock
Tweet123Share196ShareSend
Ali Martinez
Ali Martinez

Ali Martinez

Ali began forex trading in 2012. In 2014, he came across Bitcoin’s whitepaper and was so fascinated by the idea of a decentralized, borderless, and censorship-resistant currency that he started buying Bitcoin. By 2015, he started traveling to spread the word about Bitcoin. Now, he is a content producer for some of the leading media outlets in the cryptocurrency industry.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Dogecoin

Dogecoin Megaphone Pattern Confirms Price Blowup, ‘Don’t Miss This Last Rally’—Analyst

Crypto analyst TradingShot has drawn attention to a bullish pattern for Dogecoin, indicating that a significant price surge is on...

Scott Matherson 4 hours ago
Crypto Founder Pushes Ethereum As World Reserve Asset: A Yield-Backed Store Of Value

Crypto Founder Pushes Ethereum As ‘World Reserve Asset’ – Details

Ethereum has finally broken above the critical $2,850 level, igniting momentum across the broader altcoin market. After weeks of sideways...

Sebastian Villafuerte 8 hours ago

Why The Solana Price Could Crash To $95 Before Reaching $200

The Solana price has fallen by a considerable amount after hitting an all-time high of almost $300 back in January...

Scott Matherson 11 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Pi Network Turns Heads With Symbolic Transfers, $20M Volume Spike

Christian Encila 1 hour ago

Web2 Habits, Web3 Rewards: How FUNToken Makes Crypto Feel Natural

News BTC 1 hour ago
Bitcoin

Bitcoin SOPR Signals More Gains Ahead Despite New ATH – Analyst

Semilore Faleti 2 hours ago

Premium Sponsors

Press Releases

  • ビットコインが11万8,000ドルの最高値を記録する中で注目すべき仮想通貨プレセール

    ...

    9 minutes ago
  • 仮想通貨 おすすめ|急騰するDogwifhatとFartcoin、注目の低価格ミームコインとは?

    仮想通貨...

    23 minutes ago
  • 新しい仮想通貨価格動向|話題の最新コインの成長可能性

    ...

    35 minutes ago
  • アルトコイン注目銘柄|2025年7月第2週に見るべき3銘柄

    ...

    47 minutes ago
  • ロビンフッドが1ドルから始めるETHとSOLのステーキングを開始──今注目の仮想通貨投資はこれだ?

    ...

    59 minutes ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.