Last month’s Litecoin trading activity has increased -potential LTC ETFs lead to speculation.
This article is also provided in Spanish.
Litecoin is on the verge of breaking the highest level for many years at $ 147, and ignores the overall negative emotion in the crypto market. Selling pressure and uncertainty has slowed the market, but LTC has been strong just below the main supply level. This elasticity has caused optimism among investors, and many have expected potential escape for the next few days.
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An important factor that contributes to the power of Litecoin is that there is a growing speculation of Litecoin ETF. According to the main data from Intotheblock, the number of short -term LTC traders has increased by more than 12% last month. Historically, the surge in short -term trading activities was higher than the main price fluctuations, which indicates the position for the potential rally.
When the ETF discussion gains momentum, traders are closely at the price behavior of Litecoin. If the LTC successfully reclaims $ 147, you can open the door for a significant escape. But if you do not overlook this resistance, volatility can increase. As the encryption market sails uncertainty, Litecoin remains one of the few assets that represent relative strengths, and investors hope for powerful movements in the near future.
Litecoin maintains the main level as the ETF guess increases.
Litecoin is trading at an important liquidity level after volatility, and is struggling to reclaim momentum following the market failure of Friday due to BYbit Hack, which has a $ 1.4 billion ethics on the exchange. Just as LTC prepares for more than many years, negative emotions have been hit by encryption space to reduce sales pressure. Nevertheless, analysts require a massive surge in Litecoin when the wider market recovers its power while maintaining an optimistic state. Many believe that the LTC will surpass other assets when the market enters the next stage.
Confederation surrounding Litecoin ETF has added fuel to the increase in interest in LTC. According to Intotheblock, the number of short -term LTC traders increased by more than 12% last month.
This increase in trading activities suggests that traders are closely looking at Litecoin and bet on the possibility of an ETF presentation that can be higher. Historically, major ETF approval has resulted in strong rally and investors speculate that LTC can follow the same pattern.
At present, Litecoin remains in the integration stage, and the trader is looking for confirmation of the next major movement. If LTC regains its major resistance and continues to increase ETF speculation, the next derailment may be the most important for the next few years.
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In the LTC market test market, the market is waiting for the breakthrough.
Litecoin is currently trading at $ 123 after falling 13% from the highest level on Friday. Price measures reflect wider market uncertainty, but LTC continues to show its strengths and strengthen strengths. Investors are optimistic, believing that Litecoin can be one of the best assets if the market rises again.
Currently, LTCs must maintain more than $ 120 for critical thresholds to maintain a strong structure. Successful recovery of $ 135 in the future will inform the renewed momentum and set the steps to potentially escape to a higher price level. Analysts believe that if Litecoin organizes this resistance area, a powerful movement for many years can be followed.
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But if you sell pressure and lose $ 120, you can get a deeper return level to a lower level of demand. This scenario can expand the integration stage to delay potential rally. Traders are closely seeing the price behavior of Litecoin’s power because they can lead to one of the most important movements of LTC in recent months.
DALL-E’s main image, TradingView chart
