Litecoin’s hashrate registered an increase. Investors might have to wait a little longer for LTC’s next bull run. A new bill was recently passed in Montana State aimed at changing a few laws in the region regarding cryptocurrencies and crypto mining. Interestingly, this new bill can have a positive impact on Litecoin [LTC], as it […]
’s response on the price front was not satisfactory. This could be attributed to the ongoing bearish market trend.revealed that LTC remained less volatile in the last 24 hours, and at press time, it was trading at $93.34 with a market capitalization of more than $6.7 billion.Interestingly, though LTC’s price action was dormant, a few metrics looked positive for the network. For example, the number of daily active addresses increased in the last week.
Moreover, its velocity, after declining, registered an uptick, which was also in the network’s favor. Nonetheless, the altcoin’s MVRV Ratio has decreased significantly, indicating a bearish outlook in the near future.LTC’s daily chart revealed that the market was somewhat neutral, suggesting that investors might have to wait for a while to witness highly volatile price movements.
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