CandleFocus Litecoin Price Outlook: LTC to Maintain $100 Support as $10M in Leverage Fuels Market Action
2024-12-11
Author: Content Editor
Litecoin's price dropped by 20% to below $110, following a strong start to December where it saw a 46% gain. The broader crypto market decline in the past 48 hours has made Litecoin one of the hardest-hit assets. Traders are leveraging around the $100 mark, making it a psychological and tactical battleground. The Parabolic SAR indicator suggests continued bearish momentum, but the Donchian Channels lower band indicates solid support at $100. Despite the price movements, Litecoin's on-chain activity remains strong, with approximately 370,000 daily active addresses and 200,000 daily transactions, making it a popular choice for payments. The focus now is on whether Litecoin can hold its $100 support level.
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