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Litecoin’s hash rate and difficulty skyrocketed Metrics and Galaxy Score seemed optimistic too However, the RSI and MFI were near the overbought zone on the charts Litecoin’s [LTC] hash rate has been on fire lately, with the altcoin recording sustained upticks for several weeks now. Some credit for this can be given to the Ethereum […]
Not only that, but the Litecoin ecosystem is also quite heated on the social front as its social mentions measured hourly hit 1.84K recently – The highest point in the last 90 days, reflecting the popularity of the coin in the crypto-community.’s on-chain metrics indicated that the investors might have more days to cherish. LTC’s MVRV Ratio was considerably higher over the last week, which is a bullish signal.
LTC’s volume also skyrocketed a few days ago, but at the time of writing, it had registered a decline. This might be troublesome going forward.LTCTradingView’s chart revealed that the crypto’s Relative Strength Index hit the overbought zone and then registered a slight decline – A sign of a possible market top. The Money Flow Index also took the same path and was just near the overbought zone, further increasing the chances of a trend reversal in the coming days.
Nonetheless, the Exponential Moving Average Ribbon supported the bulls as the 20-day EMA was resting above the 55-day EMA.Subscribe to get it daily in your inbox.
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