Litecoin Price Aims At 2-Month High As SEC Reviews ETF Filing | Airdrop Alert Pro

Litecoin (LTC) saw the dynamic power of the bullish increase, and prices have climbed by 10 % in the past 24 hours. The recent rally was to review the application of the Litecoin Exchange Trading Fund (ETF) of the US Securities and Exchange Commission (SEC).

Although the LTC verifies the dual -bottom model of the bullish, it has not violated the key resistance level of $ 133. Market participants are still split-Whales has begun unloading holdings, and retail investors are optimistic.

Litecoin whale mobile for sale

Whale activities show that in the recent price rise, cautious methods. Data on the chain show that Litecoin holds the address between 10,000 and 100,000 LTC, and has sold more than 230,000 tokes within 24 hours, worth about 30 million US dollars. These large holders or whales are using ETF -driven hype to ensure profit, which indicates that the possible short -term price volatilityEssence

Although it is more and more optimistic around Potential Litecoin ETFUncertainty still exists. Whales usually act as leaders in the market. Their recent sales carnival shows that people worry about LTC’s rally. If this sales pressure continues, retail investors may be difficult to maintain power, which may cause answers

Litecoin’s macro power is still in a favorable position and through improvement of technical indicators. Chaikin currency flow (CMF) is a critical scale for capital inflows and outflows, and has climbed to the zero line. This shows that the pressure of purchase is increasing, thereby increasing the potential of continuous returns.

Historically, the rise of the CMF value is consistent with the results of the rise in prices, because the increase in flow indicates the confidence of investors. If this trend continues LTC may have It is necessary to destroy its resistance level and transfer its trajectory to higher targets.

LTC price prediction: ensure support

Litecoin’s recent surge Follow the SEC review of the decision of the Canary Spot LTC ETF application. The announcement stimulated the value of LTC by 10 %, making it close to the important level of resistance to $ 133. However, breaking this obstacle is still a challenge, because the sales pressure of whales will be introduced into the market.

Despite the verification of the bullish dual -bottom model, Litecoin has not violated the two -month major resistance, and the current transaction price is $ 128. Altcoin is still higher than the key support level of $ 113, but as long as the whale sales continue, LTC can continue to consolidate below $ 133 in the short term.

The decisive move exceeds $ 133, which may cause a wider breakthrough. Push LTC $ 145. Overcoming this level will invalidate the current lintel and open the door for more powerful recovery. If the upsurge in the rise, Litecoin can build a higher range, thereby enhancing its position as one of the leading Altcoins in the market.