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zklend officially admitted that it had been hacked, saying that the hacker could keep 10% of the funds as a white hat bounty and send the remaining 90% (3,300 ETH) back. After receiving the transfer, it agreed to waive any and all liability related to the attack. The withdrawal…

The post Litecoin Gains Big as Accumulation Continues to Surge: What to Expect from LTC Price Next? appeared first on Coinpedia Fintech News Litecoin has made a strong comeback. In just one week, its price bounced back, recovering all its recent losses and climbing above $110. This recovery has almost balanced out its performance for the year. With the rate of accumulation still increasing, there’s a good chance Litecoin’s price could rise even more soon. Litecoin’s Weekly Whale Volume Rises Over the past week, Litecoin’s price has surged by over 15%, breaking through key resistance levels. In the last 24 hours alone, nearly $3 million worth of positions were liquidated, with sellers accounting for around $2 million of that total. One possible reason for Litecoin’s price increase is growing speculation that the U.S. Securities and Exchange Commission (SEC) may soon approve a spot Litecoin ETF. The SEC recently acknowledged a proposal from Canary Fund for such a product, boosting investor confidence. Also read: Nasdaq Pushes for CoinShares’ XRP and Litecoin ETFs – Will the SEC Approve? Many in the crypto market now expect an approval before the end of 2025. Some analysts believe this price surge could mark the beginning of a larger upward trend for Litecoin. Experts believe that if upcoming Litecoin exchange-traded funds (ETFs) are as popular as Bitcoin ETFs, they could see inflows of up to $580 million. Currently, about 6% of all Bitcoin is held in various ETFs. If Litecoin achieves a similar level of investment, it could attract more than $500 million into LTC ETFs. According to IntoTheBlock’s recent analysis, the net inflow of Litecoin from major holders has jumped by 103% over the last week. This surge indicates that institutional investors and big players are likely stocking up on Litecoin, possibly in anticipation of an upcoming price rally. Historically, such accumulation by “whales” usually leads to a price increase as the available market supply drops and demand picks up. What’s Next for LTC Price? The return of Donald Trump to the White House and the potential approval of spot LTC ETF have triggered a buying demand for Litecoin. The price of Litecoin is currently holding buying demand above the immediate Fib level of 23.6% channel. Currently, the Litecoin price is at $121, having surged over 11% in the last 24 hours. The LTC/USDT trading pair is breaking above resistance levels, showing strong buying pressure from bullish traders. LTC is now aiming for a skyrocketing rally toward $135. However, it might face strong selling pressure around that level. On the other hand, if the price rejects the current rally, it might drop to the support level of $110 for a retest. A decline from this level might send the price toward $100. With the Relative Strength Index (RSI) remaining around the overbought region at level 74, there could be a slowdown in the current upward rally. Should the price stabilize above $120, it could shift the advantage to the buyers, potentially driving the price up to $135.

The post Dogecoin and Shiba Inu Poised for Major Comeback: Will SHIB and DOGE Prices Hold Momentum? appeared first on Coinpedia Fintech News The recent turbulence in the market have significantly affected meme coins, causing their total market cap to fall below $70 billion. While some altcoins and meme coins have shown a lot of price fluctuations, Shiba Inu & Dogecoin, in particular, are having a hard time stabilizing their prices. However, some experts believe that the ongoing consolidation in the prices of DOGE and SHIB, especially during a dip, could trigger a strong recovery ahead. Dogecoin and Shiba Inu Silently Gain Momentum According to data from Coinglass, Dogecoin saw a significant amount of liquidation in the past 24 hours, with around $6.77 million in DOGE positions being closed. This included about $3.55 million sold by buyers and $3.22 million by sellers. Meanwhile, SHIB experienced about $137,000 worth of liquidation, with buyers accounting for $73.5K of that total. Also read: Cryptos to Lookout For the Coming Week: HBAR, ONDO, & QNT Price to Explode Soon Despite these liquidations, the prices of both meme coins have remained stable, which could indicate a potential rally ahead. Analysts suggest that this stability might be the calm before a storm, as large investors continue to buy SHIB and DOGE during the recent price dip. This buying could strengthen support levels and potentially lead to a sharp increase in the prices of Dogecoin and Shiba Inu. Dogecoin Price Analysis Dogecoin price made a sharp decline from the $0.3 mark, which suggests that the bears have turned this level into resistance. Bears are dominating as DOGE struggles in surging above immediate resistance of $0.26. As of writing, DOGE price trades at $0.254, surging over 1.47% in the last 24 hours. The selling pressure continues to be dominating below the $0.30 level. However, buyers have built a strong support around $0.2 as it forms an accumulation zone. Any recovery is likely to encounter selling pressure at the previous support now turned resistance level of $0.30. If the price continues to hold below that level, the bears might push the DOGE/USDT pair below $0.20. Conversely, if Dogecoin breaks and holds above $0.30 following ongoing accumulation, it could indicate that the bears are losing control. This could mean that a bottom has been established, pushing the DOGE price toward $0.34. Shiba Inu Price Analysis SHIB price is attempting for a recovery as the price aims for a surge above the EMA50 trend line. However, the price of SHIB continues to face resistance. Currently, the SHIB price is at $0.000015, having surged over 0.24% in the last 24 hours. The SHIB/USDT trading pair remains under the downtrend line, showing strong selling pressure from bearish traders. This price level may continue to be a significant barrier, as short-term holders (STHs) might opt to sell off their positions at this level. However, we expect the SHIB price to retest its resistance at $0.00001717. If the price stays above the EMA20 trend line on the 1-hour chart, buyers could attempt to send it toward $0.000022. With the Relative Strength Index (RSI) remaining below the midline at 40, there could be a drop toward $0.000012.

The total cryptocurrency market cap took out the lows, and turned the previous cycle highs into support. Looks good for a new leg higher. Send it.

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