- Litecoin’s whales accumulate at lower levels, indicating the bullish momentum despite the unification of prices.
- Litecoin is trading between EMA for 50 days and 200 days, which indicates neutrality during the growth of the chain.
The price of Litecoin was in a long standard. However, the data on the series indicates that although they are Rangebound, the whales accumulate LTC, indicating the ascension.
according to INTOTHEBLOCK Data, the major Netflows has increased seven times in the past five days. Large pregnant flows increased from 296,760 LTC on March 2 to more than a million coins as of March 6. On the other hand, external flows rose from 111,550 LTC to more than 840,000 LTC.
The data on the series shows that LTC whales accumulate at lower levels. This indicates that the demand for whales has increased, indicating a price rise. Moreover, the famous encryption analyst Ali Martinez said at the end X post The LTC maintains a thunderbolt look where the MVRV ratio indicates strength.
Moreover, social statistics also show good signals. Data shows that signals on social media platforms such as Telegram, X and Reddit have increased recently. Besides, the total litecoin addresses with balances are also increased in the suggestion of the chain growth.
Litecoin merges the artistic chart
In the daily technical scheme, the LTC price is traded between EMA curves for 50 days and 200 days, indicating neutrality. For a long time, it was traded in the range of $ 100 to 140 dollars, indicating the standard of unification.
according to Coinmarketcap Data, currently, the LTC price is traded at $ 106.78, with an increase in the amount of 5 %, which indicates the rise. The daily trading volume decreased by 11.25 %, and the volume to the market is 11.09 %. Moreover, the maximum market is $ 8.06 billion, and 24 -hour trading is 894.12 million dollars.
However, the technical summary of trade tells a different story. According to the technical summary of Litecoin, out of 26 indicators 13 on the sale side, there are 8 on the neutral side and 5 on the purchase side, indicating a signal signal.
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