Litecoin (LTC) sees a cautious downtrend in its latest weekly analysis, tracing a turbulent path marked by intermittent recoveries. The coin’s efforts to stabilize encounter resistance, reflecting the broader market’s uncertainties.
Litecoin (LTC) is on a bullish path, recently hitting $127.08 and showing potential to breach the $137.83 resistance toward a $170 target, supported by positive on-chain metrics and growing market sentiment. With its MVRV ratio indicating undervalued status, LTC’s current rally could be the beginning of a broader appreciation.
Litecoin’s investor base grew by over 122,000 in ten days despite a price drop, signaling strong market confidence potentially spurred by positive regulatory developments in the crypto industry. The optimism follows Ripple’s recent legal win, which investors hope may lead to future altcoin ETF approvals.
