A large transfer of 800,000 Litecoin (LTC) worth $79.5 million has been moved from an unknown wallet to Binance, raising speculation about potential selling pressure. The total trading volume of Litecoin has decreased by 36.26% in the previous 24 hours, indicating lower liquidity. Despite this, Litecoin is currently trading at $99.75, reflecting a 2.59% increase over the past day. Analysts believe that if Litecoin can sustain its upward performance and stay above $100, it could hit $200 in February. The current support level for Litecoin is $98-$100, and the next resistance level is between $125 and $130. Open interest and trading activity in the market have increased. The recent large transfer has added uncertainty to the market, as it is unclear whether it will lead to selling pressure. Market participants are closely monitoring support levels, resistance levels, and volume trends to determine Litecoin's next move.



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