Litecoin (LTC) has outperformed the broader crypto market vastly in the last 24 hours, rising over 9% to reach $127.85 on Feb. 27. LTC/USD four-hour price chart. Source: TradingView In contrast, the crypto market’s combined valuation has dropped by 3% amid a sour risk-on mood led by underwhelming Nvidia earnings and US President Donald Trump’s latest tariff announcements. Key drivers behind Litecoin’s gains include: Announcement of Litecoin’s own domain, “.ltc“ LTC’s rising strength against Bitcoin (BTC). Strengthening chart technicals. Litecoin announces official domain extension “.ltc“ Litecoin’s price gains today appear…
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Why is Litecoin’s price down today?
Litecoin’s price is down today, mirroring downside moves elsewhere in the crypto market. On July 5, the Litecoin (LTC) price dropped over 3% to $100.50. On the same day, the crypto market’s overall capitalization fell 2%, suggesting traders have started securing profits at the local tops of multiple cryptocurrencies. LTC/USD daily price chart versus crypto market capitalization. Source: TradingView Litecoin’s RSI turns “overbought” Litecoin rallied by more than 65% to reach a year-to-date high of $116 on July 2. The gains appeared primarily due to euphoria around its halving in August and its…
Read MoreHere’s what happened in crypto today
The first hours of July 3 have already seen a crypto project losing multi-million dollars in a hack without any visible impact on the broader market. Meanwhile, widely-followed crypto influencers are sure about a Bitcoin ETF approval in the coming months. Here’s what has happened in crypto today. BlackRock refiled its spot Bitcoin ETF filing and named Coinbase as its previously-unstated ‘surveillance-sharing’ partner. JUST IN: BlackRock has re-filed for spot bitcoin ETF, the resubmission was dated 6/29, Nasdaq just posted tho. They just added Coinbase like everyone else. pic.twitter.com/UGq46DdLgu —…
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