Potential Grayscale Litecoin ETF Sparks 25% Rally In LTC Price
After the news of the gray application of the Litecoin spot ETF came out, the price of Litecoin soared by 25%this week, which caused the needs of institutional investors.
This has verified the efforts of long -term holders (LTH), and their support has stabilized LTC in market fluctuations. This development has made Wright coins the leader in the cryptocurrency market.
Wright coin has been supported by investors
Long -term holders have played a key role in it Stable LitecoinEssence MVRV multi -aircraft indicators are still very positive, indicating that LTH is profitable. These investors are famous for their tendency to sell rather than selling. They provide necessary support and reduce the possibility of great adjustment.
This behavior lays a solid foundation for Litecoin, so that it can maintain a rebound even during the market period volatilityEssence By holding assets, LTH acts as the pillar of Litecoin to ensure that cryptocurrencies maintain momentum and win the confidence of investors.
With the support of the IOMAP indicator, the macroex of Litecoin still rose. Data show that investors have purchased more than 2 million LTCs, worth more than $ 256 million, and the price is between $ 128 and $ 135. Once Litecoin falls to a support level of $ 136, this supply will be completely profitable, thereby enhancing positive emotions.
The concentration of profit investors may be optimistic about market emotions. The expectation of breaking through the resistance of $ 136 has promoted the rise of the bullish, because investors still have confidence LTC can maintain Its rising trajectory. The strong support of these levels further consolidates the potential of the assets.
LTC price prediction: transform key obstacles into support
Litecoin has risen It has risen by 25%in the past 24 hours, and the current transaction price is $ 128. The altan coin is currently facing the resistance of $ 136, which is essential for maintaining its bullish momentum and achieving further rise.
If Litecoin exceeds the support level of $ 136, it can release a profit of $ 256 million related to this level. This measure may push LTC to $ 147, marking an important step in its continuous rise and verifying investors’ confidence.
However, Litecoin’s price failed Breaking through $ 136 may lead to falling to $ 117 or even $ 105. This will erase a large part of the recent returns, make the bullish prospects fail, and delay the realization of expected profits.
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