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⚡️ Litecoin has not been lighting social forums on fire with its market value dropping -36% since its April 1st peak. A sudden liquidation of 45.2K net 0.1-1 LTC wallets indicate that small traders are finally capitulating out of the OG crypto asset. Small fish impatiently…But as history has shown, these sell-offs can also be a contrarian signal, frequently indicating the bottom of a market cycle. Litecoin's technical situation right now is far from encouraging.
Mind-Blowing 20% Tron Rally: Is It New Ethereum? Solana Performs Solid Breakthrough, Shiba Inu Failed: What Happened?Mind-Blowing 20% Tron Rally: Is It New Ethereum? Solana Performs Solid Breakthrough, Shiba Inu Failed: What Happened? Litecoin needs to regain the $70 mark to even contemplate a bullish reversal as the 200-day moving average, in particular, is positioned significantly above the current price. Although Litecoin is not yet in oversold territory, it is also not drawing buying interest, as seen by the Relative Strength Index , which is currently circling 44.
No notable spikes in volume have indicated a significant influx of new buyers, so it has been tepid overall. Although the current market data presents a dire picture, things may always turn positive; it is just not clear what could be the catalyst for it.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.