Altcoin Season: 5 Cryptos That Look Ready to Explode

The crypto market has experienced a considerable increase over the past two weeks. This has increased the chance of an upcoming altcoin season The post Altcoin Season: 5 Cryptos That Look Ready to Explode appeared first on BeInCrypto.

Timeline of Basic-attention-token, Litentry, Litecoin, Sushiswap, Theta-network

Litecoin price analysis is indicating a bullish price movement for today after the market retraced back to $61.75 from a low of $58.79 yesterday. LTC/USD is currently facing resistance at the $64.29 level, but if this level is broken, it could lead to further upward momentum for LTC prices.

Ranked as the #20 cryptocurrency asset with the largest market capitalization, the past few months have been marked by a rally in the price of Litecoin [LTC], data from Santiment revealed. According to the on-chain analytics platform, the LTC/BTC trading pair has seen a surge in its price in the past few months.

Besides the current market darling Dogecoin (DOGE), Polygon (MATIC) and Arweave (AR), driven by the Meta announcement, are attracting the most interest today. Flying somewhat under the radar at the moment is SushiSwap (SUSHI), which should be no less interesting in the coming weeks.

A decision by the peer-to-peer payments company MoneyGram to allow users in the US to buy, sell and hold litecoin (LTC) and other cryptocurrencies could push the litecoin price up by more than 10x, some believe.

Litecoin's price surprised the entire crypto space with a sudden jump fueled by the recent collaboration with MoneyGram. The popular P2P cross-border payment platform now enables the buying, selling, & trading of Litecoin along with other popular crypto assets. The LTC price surged by more than 15% to test the crucial resistance levels.

Litecoin price has seen an incredible rise over the past 24 hours, gaining 10% in value, with trading volume exceeding $1.8 billion. This recent price action follows months of consolidation at the $55 level. 

With a comparably bullish week in the crypto market, the altcoins are performing well to restart the uptrend. Coming out of the shadows, Litecoin price jumped 10.32% last week, resulting in a pattern breakout entry opportunity for short to midterm traders.

In today's episode of NewsBTC's daily technical analysis videos we are examining Litecoin after a 10% intraday move to see if it will turn into a broader crypto market rally. Take a look at the video below: VIDEO: Litecoin Price Analysis (LTCUSD): November 2, 2022 Litecoin has been an altcoin that once regularly led the start of new crypto market bull runs.

Litecoin rose to its highest level in over six weeks on Wednesday, as the token moved past a key price ceiling. Today's move comes despite cryptocurrency markets mostly trading lower, ahead of the Federal Open Market Committee (FOMC) meeting. Unus sed leo (LEO) was also higher, climbing for a ninth consecutive session.

Good news came for the Litecoin [LTC] NFT ecosystem as it witnessed growth over the last few days. Santiment's data revealed that not only did LTC's total NFT trade count register an uptick, but it's NFT trade volume in USD also increased.