Litecoin Price Analysis: $LTC Bullish Reversal in Sight as Whale Buying Heats Up

WikiBit 2024-05-06 23:40

Litecoin Price Analysis: Amid the recent market consolidation, the Litecoin price showcased a notabl

Litecoin Price Analysis: Amid the recent market consolidation, the Litecoin price showcased a notable resilience above the $74.5 support. The daily chart projecting long-wick rejection candles at this support indicates the buyers are actively accumulating this asset at a discounted price. With the Bitcoin price jumping above $65000 on Monday, a majority of major altcoins, including LTC show higher potential to reclaim lost ground.

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WHALE | 2-5 years