Litecoin is currently trading near key support levels, which could result in a short-term rally if maintained. However, a drop could trigger further declines. The speculation of a Litecoin ETF has contributed to a bullish price outlook for the coin. If LTC holds above the $64.5 support, it could potentially rise 16% in the short term. However, if it fails to hold this support, it could face a 15% decline. On-chain data suggests a divided market, with balanced pressure from both bullish and bearish traders. The decrease in volume could indicate a consolidation period or caution from traders.
- Content Editor ( crypto-news-flash.com )
- 2024-11-05
Litecoin’s Defining Moment: What On-Chain Data Says About LTC’s Path Ahead