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Litecoin is about to break the multi -year greatest at the level of $ 147, challenging the overall negative feeling in the cryptocurrency market. While the sales pressure and uncertainty slowed the largest market, LTC has maintained strong, just below the key levels. This resilience has fueled the optimism among investors, with many who anticipate a potential breakout in the next few days.
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A crucial factor that contributes to the force of Litecoin is growing speculation around an ETF Litecoin. According to the key data of Inttheblock, the number of short -term LTC traders has increased by over 12% in the last month. Historically, overvoltages in short -term commercial activity preceded the main price movements, indicating that investors are positioning for a potential gathering.
With the discussions of the ETF gaining momentum, the traders are looking closely at the action of Litecoin prices. If LTC successfully claims $ 147, it could open the door for a remarkable breakout. However, the failure to move this resistance could lead to greater volatility. While the cryptocurrency market navigates uncertainty, Litecoin remains one of the few activities that show a relative force, maintaining hoped for investors in a strong move in the near future.
Litecoin holds key levels as ETF speculation grows
Litecoin is exchanging at crucial liquidity levels after a volatile week, fighting to claim the momentum after the breakdown of the Friday market caused by the bybit hack, with consequent 1.4 billion dollars in Eth stolen from the exchange. Just as Ltc was preparing to push the multi -year greatest, the negative feeling hit the cryptographic space, leading to a wave of sales pressure throughout the line. Despite this, analysts remain optimistic, asking for an enormous increase in Litecoin once the wider market regains the strength. Many believe that LTC is positioned to swear other activities when the market enters its next upward phase.
The speculation surrounding an ETF Litecoin added fuel to the growing interest in LTC. According to Inttheblock, the number of short -term LTC traders has increased by over 12% in the last month.
This increase in the commercial activity suggests that the traders are looking closely Litecoin, betting on the possibility of an announcement of the ETF that could increase prices. Historically, the main approvals of the ETF have caused strong rallies and investors are assuming that LTC could follow the same model.
For now, Litecoin remains in a consolidation phase, with traders looking for confirmation of the next main move. If LTC claims the key resistance levels and the speculation of the ETF continue to grow, the next breakout could be one of the most significant in recent years.
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LTC test The key demand as a market awaits the market
Litecoin is currently exchanged at $ 123 after experiencing a strong 13% decrease from the local maximums established on Friday. The action of prices reflects a wider uncertainty of the market, but LTC continues to show strength, maintaining the key support levels. Investors remain optimistic, believing that Litecoin could be one of the most performing activities once the market expects upwards.
For now, LTC must maintain a support above the critical level of $ 120 to support its bullish structure. A successful recovery of the $ 135 level in the next few days would mark the renewed momentum, potentially placing the stadium for a higher price breakout. Analysts believe that if Litecoin manages to free this area of resistance, it could follow a strong move towards the multi -year greatest.
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However, if the sales pressure increases and LTC loses the support of $ 120, a deeper retracement may occur in the lowest demand levels. This scenario would probably extend the consolidation phase, delaying any potential rally. The traders are looking closely at the action of Litecoin prices for signs of strength, since a bullish breakout could lead to one of the most significant moves for LTC in recent months.
First floor image from Dall-E, TradingView chart