Litecoin (LTC) experienced a 22% rebound from its one-month low of $87 following last week's market crash triggered by hawkish statements from the US Federal Reserve. On-chain data shows that sell pressure among LTC miners has subsided, indicating a possible bottom in the market. Strategic traders took advantage of the falling prices to enter new positions. While BTC and ETH also showed signs of recovery, LTC reclaimed $105 briefly on Monday. Miners had contributed to the accelerated price decline by selling off large quantities of reserves, but they have since stabilized their holdings. Although LTC faces challenges ahead, such as resistance at $116.88 and the need for sustained buying pressure, a breach of support at $86.69 could lead to further losses.



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