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Litecoin is merged below $ 140, indicating resilience despite the shrinkage of the broader market. Even during the market collapse for this week, which saw a 18 % decrease in Litecoin, the price enables the price to restore the main levels, and the signal strength indicates compared to the other altcoins. While most cryptocurrencies are struggling to recover from severe losses, LTC has held a company, while maintaining a strong market structure.
Supreme analyst Daan visions have shared X, with a highlight of Litecoin’s relative strength in the past few weeks. He pointed out that $ LTC was one of the most powerful coins recently, as the high time frame scheme remains strong. According to Daan, if the market is recovered, Litecoin may be ready for a large crowd, outperform the weakest performance that has struggled to restore the main levels.
If buyers enter and recover $ 140, Litecoin can be placed in a strong march as soon as market conditions improve. However, in the case of pressure revenue, the price may restore the low support levels before making its next major step. Investors remain optimistic about the performance of LTC amid the continuous market fluctuations.
Litecoin is below the critical supply level
Litecoin was traded in the scope of uniformity less than its highest levels in the years, indicating the relative strength compared to the broader encryption market. While most Altcoins has struggled to recover from recent losses, LTC remained flexible, while maintaining main levels despite the increasing fluctuations. Speculation and morale in the market were major engines in work rates, as Litecoin offers huge fluctuations throughout the week.
Dan visions Note that LTC has been one of the most powerful coins in the past two weeks. According to him, the high time frame scheme of Litecoin remains strong, indicating the strong market structure even amid the market weakness. However, the $ 140 level has proven to be a great resistance, preventing LTC from leaving. Dan recommends monitoring this critical price level, as the penetration can lead to a big upward step.
Dan adds that this force is primarily due to the increasing Litecoin ETF novel, which has fueled the purchase pressure. He acknowledges that although there may not be meaningful flows as soon as the circulating investment funds occur, the surrounding speculation has provided bullish momentum in the short term.
Currently, Litecoin’s ability to retain the main levels indicate that it can be placed in collapse as soon as the market morale improves. If Bulls managed to recover $ 140, he may follow an aggressive gathering.
The price of LTC is joking with the outbreak
Litecoin is currently trading at $ 129 after declining to $ 106 during the last market sales. Despite the fluctuations, LTC managed to restore momentum, as it rose above the main support levels. The next critical resistance level is located at $ 140, which has been a strong barrier since early December. The bulls must restore this level to confirm the collapse and push LTC to higher price ranges.
If Litecoin exceeds the mark of $ 130 for the next few days, it may follow the outbreak, which leads to an aggressive gathering towards its highest levels in the years. However, the market remains in a standardization stage after being subjected to massive sale, and additional price pressure may delay the collapse.
Although Litecoin has been one of the most powerful ALTCOINs in recent weeks, the uncertainty in the broader encryption market continues to influence price movement. Traders closely see LTC’s ability to maintain support above $ 130, as failure to do this may lead to re -testing low demand levels. If LTC is integrated into the current range, the slow accumulation stage may take place before the next main step. The decisive break exceed $ 140 will indicate the start of a new ups in LTC.
Distinctive image from Dall-E, the tradingView graph
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