Litecoin (LTC) Trades Below $80 Amidst Increased Activity
Today's analysis examines the recent price action and on-chain activity of Litecoin (LTC) to understand its underlying trends and potential future mid-term movements. As Bitcoin struggles to break the $61K price level, pressure on LTC has led it to trade below the critical $80 support level. The $80.37 level, near the $80 mark, aligns with the 0.618 Fibonacci retracement level and is crucial mid-term support. Traders should wait for the price to drop below $75 before buying, with an ideal buy range of around $70-$72 for an optimal entry position.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Top 3 Artificial Intelligence (AI) Coins of the Fourth Week of October 2024
Solana’s Bull Run Halts with 3-Month High Liquidations After 7% Price Drop
TON holders expected to top Ether’s by year-end
Share link:In this post: TON is on track to surpass Ethereum’s holder count by December, growing at 500,000 new holders daily. If growth slows, TON could still pass Ethereum’s count by early 2025, despite ETH’s gradual increase. TON’s Sharpe Ratio is dropping, signaling lower volatility and less risk, but investors are watching BTC for further cues.
Bitcoin ETFs See $997M Weekly Inflows as BTC Outperforms Other Cryptos
Trending news
MoreCrypto prices
More
