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Litecoin (LTC) is currently one of the best-performing cryptocurrencies in the daily charts. According to CoinGecko data, LTC is trading in the green zone across the board, unlike many major crypto assets. The coin has rallied 10.4% in the daily charts, 10.8% in the weekly charts, 26.7% in the 14-day charts, and 15.8% over the previous month. LTC’s price has also risen by more than 100% since October 2024. This means that your money would have more than doubled in the last year. Let’s discuss why Litecoin’s (LTC) price is experiencing such a big rally right now. Source: CoinGecko What’s Behind Litecoin’s Big Price Rally? Source: tokenmetrics Litecoin’s latest upswing is likely due to high expectations for an ETF approval. Canary recently filed final amendments for its Litecoin spot ETF. The move could signal the coming of an ETF approval. Many experts anticipate an LTC ETF to be approved soon. However, some say that the government shutdown may have de...

Several prominent firms have been jumping into the ETF market. Cryptocurrency exchange-traded funds (ETFs) have been growing in popularity. More recently, prominent asset manager Grayscale submitted a filing with the US Securities and Exchange Commission (SEC). The firm intends to convert its $16.1 million XRP trust into an ETF. Amidst this, an ETF filing that made headlines was Litecoin (LTC). The real question is which cryptocurrency will get approval first. Also Read: 1,000+ USAID Staff Fired After Refusing Musk’s D.O.G.E. Team Secure Access XRP vs Litecoin: Which Asset Will Get An Approval? Source: Bitget Considering the current state of the government, both these assets will likely garner a green signal. According to a Bloomberg analyst, the chances of a Litecoin ETF snagging approval from the SEC before Ripple’s XRP were higher. James Seyffart pointed out how the SEC continues to assert that XRP is a security, which might prevent ETFs based on the cryptocurrency from receivi...

August was a challenging month for cryptocurrency investors who experienced portfolio losses in an unfavorable overall market performance. With September arriving, Finbold looked into solid cryptocurrencies that could bounce up and reach a $5 billion market cap. Market capitalization is a popular benchmark for accessing an asset’s nominal value, multiplying the price by its circulating supply. It is particularly important in the cryptocurrency landscape, considering each crypto can have an arbitrary supply and tokenomics. In this story, we have selected the two most likely projects to break the $5 billion capitalization threshold in September. However, there are no guarantees that it will happen, and each cryptocurrency’s performance will depend on multiple factors moving forward. Picks for you Ripple to unlock 1 billion XRP tom...

Bitcoin and most major altcoins are witnessing a relief rally but higher levels are likely to attract strong selling by the bears. FTX’s collapse dealt a major blow to the already fragile sentiment among cryptocurrency investors. Although a quick recovery is unlikely, Blockchain analysis firm Chainalysis said that the crypto universe could emerge stronger from this crisis. Chainalysis’ research lead Eric Jardine arrived to the conclusion after comparing FTX’s fall to that of Mt. Gox. Another calming statement came from Bloomberg Intelligence exchange-traded fund (EFT) analyst James Seyffart, who said that there was a “99.9% chance” that the Grayscale Bitcoin Trust (GBTC) held the Bitcoin (BTC) it claimed. He added that GBTC was “unlikely” to be liquidated. Daily cryptocurrency market performance. Source: Coin360 The negative events of the past few days do not seem to have scared away the small investors who remain on an accumulating spree. According to blockchain analytics company Gla...

Bitcoin and select cryptocurrencies are trying to start a rebound following the CPI data release but bulls may find it difficult to continue the recovery at higher levels. The United States consumer price index rose 4.9% annually, which was slightly less than estimates of a 5% increase. The CPI’s monthly rise of 0.4% in April was in line with expectations. Although inflation remains stubbornly higher than the Federal Reserve’s 2% target range, traders will take comfort from the slower pace of increase. That suggests the Fed rate hikes are having their effect and further rate hikes may not be necessary. If the Fed pivots and starts to cut rates as the FedWatch Tool projects, that may be positive for risky assets such as equities and cryptocurrencies. Bitcoin (BTC) has responded positively to the CPI data and has risen above $28,000 on May 10. Daily cryptocurrency market performance. Source: Coin360 While the downside looks limited, the bulls may not have it easy at higher levels becaus...

Bitcoin price could be gearing up for a decisive move, which could set the stage for XRP, LTC, RNDR and CFX. Inexperienced traders usually chase prices higher during the end of the bull phase as they fear missing out on the rally. However, institutional investors tend to wait for the froth to settle before entering. Bitcoin’s (BTC) bear market in 2022 ended the hype that was seen in 2021. Fred Pye, CEO of 3iQ, Canada’s first Bitcoin fund issuer, said in an interview with Cointelegraph that as “the FOMO in Bitcoin is gone” institutional investors and portfolio managers have started to take a look at it as “a serious venue.” Crypto market data daily view. Source: Coin360 While analysts are bullish for the long term, the short-term picture looks uncertain as the price is stuck inside a range for the past several days. Analysts expect a trending move to start either next week or the week after. If Bitcoin breaks out to the upside, what are the altcoins that may follow it higher? Let’s a...

Bitcoin hit a year-to-date high at $31,000 and ETH price followed. Which altcoins will be next? Bitcoin (BTC) and Ether (ETH) are trading above the psychologically important levels of $30,000 and $2,000 respectively. This suggests that the crypto winter may be on its last legs.  Some analysts are calling for an altseason to begin but it may be too early for that. When most of the crypto bears turn bullish, Bitcoin is likely to turn down sharply and catch the late entrants off guard. That could hurt sentiment in the short term and cause a sell-off in altcoins. After the weak hands are shaken out, the crypto Markets may stabilize and begin a sustained uptrend. Daily cryptocurrency market performance. Source: Coin360 Data from on-chain intelligence platform Glassnode suggests that there are significant similarities between the current having cycle and the previous ones. However, Ecoinometrics warned that an economic recession could alter things.  Let’s watch the charts of the top-10 cryp...