Litecoin at Crossroads: Whales Buy as $67 Support Tested
Litecoin (LTC) is testing a critical $67 support level amidst increasing whale accumulation and network activity, despite only 28% of holders currently in profit.
Litecoin (LTC) is testing a critical $67 support level amidst increasing whale accumulation and network activity, despite only 28% of holders currently in profit.
Litecoin’s value has fallen 36% since April 1st, coinciding with a mass exodus of small traders, which some analysts view as a potential precursor to a bullish reversal.
Litecoin’s on-chain activity has surged, with weekly transaction volume more than doubling to $26.5 billion, showcasing increased network usage despite recent price fluctuations.
Litecoin breaks its bearish trend as it reaches 25 million Ordinals inscriptions, accompanied by a 5% price increase and growing network activity.
Litecoin’s price has taken a bearish turn after breaking below a key support level of $82.40, with on-chain data indicating holders are losing interest and confidence in the token.
Litecoin (LTC) has witnessed a remarkable price surge, climbing 1.46% on March 22 to reach $86.80, driven by the upcoming launch of Litecoin futures contracts on Coinbase and the broader crypto market recovery.