What Happens When Litecoin (LTC) Future Hints

While these networks steal headlines, another one is quietly setting up a game-changing move—BlockDAG.

Litecoin (LTC) price is hovering around $78 with new support forming at $76-$78 as the cryptocurrency market continues to recover. Litecoin showed strength as the recent dip to $76 triggered a 15% spike in trading volume to $421 million, indicating buyers were returning.

If LTC manages to break out of the $82-$84 range, it could experience a rapid move towards $90 where we might see short sellers exiting en masse and leaving the door open for even more buying pressure.

However, if the price drops below $76, it could continue to fall to $70 and lower, especially if the majority of meme coin traders decide to move to Litecoin, shifting the market's focus.

LTC price is currently trading at $77.8, showing a slight increase over the last 24 hours.

Litecoin Price Prediction: LTC Might Hit $100 Before April Ends

The future of Litecoin (LTC) price depends on whether it can break out of $84, which would put it in a good position for a final rally towards $90-$100 by the end of April.

The recent support at $76-$78 has been tested multiple times, indicating a strong defense of this level. If the lower support at $76 is breached, it might open the door for a deeper correction towards $70 or $68.

However, if the price manages to stay above $76 and breaks out of the $82-$84 range, it could experience a sharp increase due to a lack of sellers at these levels and the potential for a large-scale short squeeze at $88-$90.

With a smaller market cap of $5.6 billion compared to Bitcoin's $586 billion, Litecoin doesn't require massive amounts of capital to move quickly.

Moreover, if Bitcoin experiences a setback or meme coin traders decide to move to safer assets like Litecoin after the recent frenzy in tokens like PEPE and TARO, we could see a scenario where Litecoin experiences a late-month sprint to $90-$100 as April comes to an end.

The next few days will be crucial for determining the direction of the LTC price trend.

Mantra Price Plummets 90% In A Single Day As 300 Million Tokens Get Burned

The Mantra (OM) price has crashed by 90% in a single day, wiping out over $300 million in crypto value and triggering selloffs in other tokens such as Actively (ACT) and Mask Network (MASK).

Following the crash, Mantra CEO John Mullin announced that he would be burning 300 million of his own team tokens, which is nearly 17% of the total token supply, in an effort to win back trust after the recent market downturn.

These tokens were not due to vest until 2027, but will now be permanently removed from circulation. However, some community members have pointed out that the burn might not be enough to save Mantra from complete collapse.

According to data from blockchain analytics firm TokenGlass, 43.6 million OM tokens were deposited from 17 wallets ahead of the dump, which is about 4.7% of the circulating supply. Two of these wallets are linked to Laser Digital, a strategic investor in Mantra.

While the Mantra team has blamed centralized exchanges for “reckless liquidations” during the recent market downturn, others believe that the massive selloff was triggered by insider sales.

The Mantra (OM) news today has also brought the token's unique control structure and past decisions into sharper focus, leading to criticism from both the community and major exchanges.