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LTC High On-chain Activity Suggests Litecoin Price Could Hit $180

Author: Content Editor
Litecoin's on-chain activity demonstrates its enduring relevance and utility in the cryptocurrency space. The strong holder profit ratio and high network activity indicate confidence in Litecoin's price and its preferred choice for transactions. The network supports a broad and committed user base, with a majority of long-term holders. Litecoin's recent price movement above the 50-week moving average suggests increased investor confidence and potential market shift. If Litecoin can maintain its position above this average, it could lead to further rallies and price discovery. Technical analysis suggests potential resistance-turned-support levels and a target of $180. Traders may see this as a buying opportunity, but caution is advised as market dynamics can quickly impact price movements.

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