• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
Litecoin

Litecoin Jumps 11%: Here’s What’s Driving This Rally

Keshav Verma
by Keshav Verma
10 months ago
·
Posted in Litecoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

On-chain data suggests developments in these two Litecoin indicators could explain why the cryptocurrency has seen its latest price surge.

Litecoin Volume & Social Dominance Have Surged Recently

In a new post on X, the on-chain analytics firm Santiment has discussed about how the underlying metrics of Litecoin have looked during the latest surge in its price.

There are two indicators of relevance here: the Transaction Volume and the Social Dominance. The first of these, the Transaction Volume, keeps track of the total amount of tokens (in USD) that are becoming involved in transfers on the LTC network.

Related Reading: Bitcoin Whale Watch: Which Crypto Exchange Does Big Money Prefer?

When the value of this metric is high, it means the investors are participating in a high amount of trading activity related to the asset. Such a trend can be a sign that the interest in LTC is high right now. On the other hand, the indicator being low can suggest the investors may not be paying much attention to the cryptocurrency as they aren’t moving around any significant amount.

Now, here is a chart that shows the trend in the Litecoin Trading Volume over the last few months:

Litecoin Trading Volume

The value of the metric appears to have spiked in recent days | Source: Santiment on X

As displayed in the above graph, the Litecoin transaction volume has seen a surge recently, which implies activity on the network has gone up. So far, the indicator has set a peak of $3.97 billion, which is the highest level since June 2023.

Generally, a high amount of network activity leads to volatility in the cryptocurrency’s price. This emerging price action can take the asset in either direction, however, as the Transaction Volume only gauges the pure amount of transfers taking place on the chain and contains no info about the split between buys and sells.

In the current case, though, the spike in activity has been followed by a rise in the asset’s price, which suggests the investors have been participating in accumulation.

The second indicator in the chart, the Social Dominance, tells us about the percentage of the total social media discussions related to the top 100 coins by market cap that Litecoin alone is contributing.

Related Reading: Bitcoin Open Interest Sets New $20 Billion Record, Will This Prevent A Run To ATH?

From the graph, it’s apparent that the LTC Social Dominance has also seen a rise recently, with discussions related to the coin contributing around 1.1% of the sector’s total.

This suggests that the average trader is starting to pay attention to the cryptocurrency. Retail interest can help fuel rallies, but an excessive amount of it can be something to watch out for, as Fear Of Missing Out (FOMO) has historically led to tops in the price.

LTC Price

Litecoin had neared the $75 level earlier in the rally, but the coin appears to have seen a pullback since then as it’s now back at $72.5.

Litecoin Price Chart

Looks like the price of the coin has been riding an uptrend in recent days | Source: LTCUSDT on TradingView
Featured image from Dall-E, Santiment.net, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Keshav Verma

Keshav Verma

Follow

Keshav is a Physics graduate who has been employed as a writer with Bitcoinist since June 2021. He is passionate about writing and through the years, he has gained experience working in a variety of niches. Keshav holds an active interest in the cryptocurrency market, with on-chain analysis being an area he particularly likes to research and write about.

Full Profile

Related Posts

Litecoin

Litecoin Takes 2nd Spot In Crypto Payments Shake-Up, CoinGate Data Reveals

4 weeks ago
Litecoin

Litecoin Miners On Accumulation Spree—Is Something Brewing?

2 months ago
Litecoin

Litecoin Whales Go On 430,000 LTC Buying Spree: Price Surge Soon?

5 months ago
Litecoin

Litecoin’s Quiet Growth: Average Active Users Jumped 10% In 2024

8 months ago
Litecoin

Litecoin HODLing Strong Despite 15% Crash: 54% Of Supply Dormant Since 1+ Years

8 months ago
Litecoin

Litecoin Records Highest Volume Since May 2023, Bullish Sign?

10 months ago

Premium Sponsors

Press Releases

  • From Institutional to Individual Investors: How XRP and...

    6 minutes ago
  • Despite XRP price fluctuations, Mint Miner lets holders...

    35 minutes ago
  • CryptoMiningFirm Launches First XRP, BTC Mobile App: Earn...

    3 hours ago
  • XRP Price Plummets from $3.65 to $2.72, but GMO Miner Still...

    3 hours ago
  • miner

    Fleet Miner launches “zero threshold cloud...

    3 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.