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Litecoin is about to break its highest level in 147 dollars, challenging the total negative feelings in the encryption market. While selling pressure and uncertainty slowed the broader market, LTC has occupied a little powerful than the main supply levels. This flexibility has fueled optimism among investors, as many expected a possible outbreak in the coming days.
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One of the decisive factors that contribute to the Litecoin power is increasing speculation about ETF Litecoin. According to the main data of InTothheblock, the number of LTC traders in the short term increased by more than 12 % last month. Historically, the tyrants in the short -term trading activity preceded the main price movements, indicating that investors are determining a possible gathering.
With ETF discussions acquisition of momentum, traders closely monitor the Litecoin price procedures. If LTC succeeds in recovering $ 147, it can open the door for a big difference. However, failure to overcome this resistance can lead to an increase in volatility. Since the encryption market moves in uncertainty, Litecoin remains one of the few assets that show the relative power, making investors hope to get a strong step in the near future.
Litecoin holds key levels with the growth of ETF speculation
Litecoin is traded at decisive liquidity levels after a volatile week, struggling to restore momentum after the market collapsed on Friday caused by the BYBIT penetration, which led to $ 1.4 billion of ETH STOLEN from the stock exchange. Just as LTC was preparing to push over its highest levels in several years, negative feelings hit the encryption space, which led to a wave of pressure in all fields. Nevertheless, analysts are still optimistic, calling for a huge increase in Litecoin once the broader market is restored. Many believe that LTC is in a position that surpasses other assets when the market enters its next upward phase.
The speculation surrounding Litecoin ETF added fuel to the increasing interest in LTC. According to InTothheblockThe number of LTC traders in the short term increased by more than 12 % last month.
This rise in trading activity indicates that traders are closely watching Litecoin, and they are betting on the possibility of declaring ETF that may drive prices up. Historically, ETF's main approvals have led to strong gatherings, and investors speculate that LTC can follow the same style.
Currently, Litecoin remains in a standardization stage, where traders are looking to confirm the next main step. If LTC has ranked main resistance levels and ETFs in growth, the next penetration may be one of the most important in recent years.
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LTC The main demand test while waiting for the collapse market
Litecoin is currently trading at $ 123 after it has seen a 13 % high decrease from local high levels on Friday. The price procedure reflects the broader uncertainty in the market, but LTC continues to show strength, taking into account the main support levels. Investors are still optimistic, believing that Litecoin can be one of the upper assets as soon as the market directed to the top again.
Currently, LTC must keep support higher than a level of $ 120 to keep its upper structure. The successful restoration of the level of $ 135 in the coming days would indicate a renewed momentum, which is likely to be the way for hacking at higher levels. Analysts believe that if Litecoin is able to remove this resistance area, it may follow a strong step towards its highest multiple levels.
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However, if the pressure pressure increases and LTC loses the support of $ 120, a deeper decline in low demand levels may occur. This scenario is likely to extend the monotheism stage, which delays any possible gathering. Traders closely see Litecoin price procedures to obtain strength signs, as bullish interruption can lead to one of the most important moves of LTC in recent months.
Distinctive image from Dall-E, the tradingView graph