Litecoin (LTC) is currently trying to maintain its location higher than the $ 120 threshold, which caused anxiety among investors.
The encryption value is currently estimated at $ 112, which reflects a 9 % decrease over the past 24 hours, which makes its course an important topic for investors amid a shrinkage in the broader market, which has led to more than $ 250 million in coded exchanges. In light of the escalating sale pressure, is it reasonable for Ltc To evade hitting low support levels in the near future?
The growth of the network challenges the prices of prices
However, despite negative price fluctuations, the basic network standards of Litecoin offers a different story. Supreme average for 30 days is 8.15 million, the total address is now more than 8 million.
It coincides with this growth in the volume of transactions – which is associated with $ 3.70 billion to $ 11.30 billion over the past six months – other developments. These basic indicators show a strong adoption rate that contrasts sharply with the current price contraction, thus creating an interesting scenario for market monitors.
#Litecoin $ Ltc He faced rejection when resisting $ 135, which may lead to a decline towards support at $ 98! pic.twitter.com/uchvwgc6g8
Ali (ali_charts) February 23, 2025
Artistic patterns indicate a possible contraction
Ali Martinez, a well -known encryption analyst, discovered the formation of a parallel channel on the daily graph of Litecoin. This artistic structure, in conjunction with the dual reflection pattern in the upper limits, indicates the presence of constant declining pressure that can lead to LTC to the midfield of the channel, which is approximately $ 115.
The bottom of the parallel channel is around the threshold of $ 98. If the decline reaches the middle of the line at 115 dollars, Bears may test the lower border line. This will be the second decrease of Litecoin less than a $ 100 teacher.
Dermatologies show mixed feelings
Different signals about the future of Litecoin from the derivative market indicate. Although a long public ratio is 0.90, which indicates that there is more negative than optimistic holdings, important exchange rates are like Binance Okexchange is more positive.
This difference indicates that although uncertainty in the broader market, prominent merchants who have larger accounts are still confident. During the past 24 hours, market fluctuations were more embodied by liquidation data, which showed that the bulls were lost to $ 2.70 million, while Beers received $ 440.
Strategic opportunities appear from volatility
The current situation of the Litecoin market is a decisive turning point for investors. If you are looking for the largest image, the potential decline to the support level may be 98 dollars a great time to enter, as long as it happens. If the price collapses clearly above $ 135, a larger recovery phase may start and show that the price is moving again.
Distinctive image from Gemini Imagen, the tradingvief chart
