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Litecoin is about to break multi -year highlights at the level of $ 147, and defies the general negative sentiment in the cryptomarkt. Although sales pressure and uncertainty have delayed the wider market, LTC has kept strong, just below the most important food levels. This resilience has fueled optimism among investors, where many people anticipate a potential outbreak in the coming days.
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A crucial factor that contributes to the power of Litecoin is a growing speculation around a litecoin ETF. According to the most important data from Intothebllock, the number of LTC traders in the short term has increased by more than 12% in the last month. Historically, the rises of short -term trade preceded in short term at important price movements, indicating that investors position a potential rally.
With ETF discussions that get strength, traders keep a close eye on the Litecoin price action. If LTC successfully recovers $ 147, this can open the door for a considerable outbreak. However, not passing this resistance can lead to increased volatility. While the cryptomarkt navigates uncertainty, Litecoin remains one of the few assets that shows relative power, so that investors keep hopeful for a strong step in the near future.
Litecoin retains key levels as ETF speculation grows
Litecoin acts at crucial liquidity levels after a volatile week and is struggling to reclaim the momentum after Friday’s market breakdown caused by the Bybit -Hack, resulting in $ 1.4 billion in ETH stolen from the stock market. Just when LTC prepared to push over multi-year highlights, the negative sentiment hit the crypto room, which led to a wave of sales pressure across the board. Nevertheless, analysts remain optimistic and call for a huge increase in Litecoin as soon as the wider market gets the power back. Many believe that LTC is positioned to surpass other assets when the market enters its next bullish phase.
Speculation around a litecoin ETF has added fuel to the growing interest in LTC. According to IntothelockThe number of LTC traders in the short term has increased by more than 12% in the past month.
This increase in trading activity suggests that traders are closely monitoring Litecoin, bet on the possibility of an ETF announcement that could generate prices higher. Historically, large ETF approvals have resulted in strong meetings, and investors speculate that LTC could follow the same pattern.
For now, Litecoin remains in a consolidation phase, where traders are looking for confirmation of the next major movement. If LTC is getting back to important resistance levels and ETF speculation continues to grow, the next breakout could be one of the most important in recent years.
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LTC tests of the most important demand as the market waits for the breakout
Litecoin is currently traded at $ 123 after a sharp fall of 13% of the local highlights on Friday. The price promotion reflects a broader market uncertainty, but LTC continues to show strength, with above the most important support levels. Investors remain optimistic and believe that Litecoin could be one of the best performing assets as soon as the market trends are up again.
For now, LTC must maintain support above the critical $ 120 level to maintain its bullish structure. A successful recovery of the $ 135 level in the coming days would indicate a renewed momentum, making it possible to determine the stage for an outbreak in higher price levels. Analysts believe that if Litecoin succeeded in erasing this resistance zone, a strong step towards multi -year highlights could follow.
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However, if the sales pressure increases and LTC loses support from $ 120, a deeper retracement could occur in lower demand levels. This scenario would probably expand the consolidation phase, so that all potential rally is postponed. Traders keep a close eye on the Litecoin price action, because a bullish breakout could lead to one of the most important steps for LTC in recent months.
Featured image of Dall-E, graph of TradingView