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    Solana Rally Could Gather Pace above $30

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    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    What does Crypto Index fund Means and How to Invest?

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    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

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    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

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    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Ethereum Price Key Indicators Point Firming Case For Recovery Above $1,250

    Ethereum Price Holds Ground And Sees Fresh Rally, Bulls Are Not Done Yet

    Bitcoin Price Consolidates In Key Range, What Could Trigger Next Move

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    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

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    Rallies 10%, Polygon Bulls Aim Big

    XRP Whales Accumulate Massive Tokens

    XRP Whales Accumulate Massive Tokens

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    Solana Rally Could Gather Pace above $30

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Litecoin may be falling, but here’s where investors might come into play

2021-10-23
in Altcoins
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Litecoin may be falling, but here’s where investors might come into play
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Litecoin, as one of many first cash within the crypto-space, by no means made an excessive amount of noise as you’d count on. There weren’t many loopy rallies or devastating crashes. Now, we did see the Walmart-associated FUD. However, we are able to’t actually blame Litecoin for that, can we?

Some consider this immobility could have saved buyers secure. Nonetheless, it’s now costing the altcoin dearly as a result of proper now, it might be in peril.

Litecoin in peril…

… of falling to an all-time low?

The silver to Bitcoin’s gold has not been capable of sustain with the rising worth of the king coin. And, because of this, it’s being threatened with a significant worth fall on the charts.

Take into account this – Regardless of the world’s largest cryptocurrency hitting an ATH of over $67k lower than 48 hours in the past, its pair with LTC has been falling for greater than 3 years now. Curiously, this has been so regardless of LTC’s 42% progress this month.

Litecoin efficiency this month | Supply: TradingView – AMBCrypto

Now, in some methods, this week’s efficiency could have really saved LTC.

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Whales Arrived Just In Time For LTC Next Rally?

The pair is already at its final help stage of 0.003 sats and falling beneath this could push LTC into worth discovery for an all-time low.

LTC/BTC pair | Supply: TradingView – AMBCrypto

What’s extra, this additionally makes LTC a really engaging asset for market buyers. The likelihood of restoration from this level can be excessive, with this week’s worth motion possible to assist the pair bounce again from that help. 

So, do you have to make investments proper now?

On the Reserve Threat indicator, LTC has been caught throughout the engaging zone for over 2 years now. What’s extra, each rise and fall has saved it inside that vary, apart from as soon as in 2018.

Again then, for nearly a month, Litecoin was deemed unattractive resulting from excessive costs and buyers’ low confidence.

Litecoin energetic addresses | Supply: Glassnode – AMBCrypto

Backing this assertion is the Sharpe Ratio as effectively. At press time, it was at a month-to-month excessive, making the asset a excessive risk-reward asset.

Regardless, on the micro-scale, this week’s bullishness has not been reciprocated by buyers. As a substitute, the market witnessed extra promoting from holders as over $5.03 million price of longs have been liquidated over the week.

Litecoin liquidations | Supply: Coinalyze – AMBCrypto

That being mentioned, though volumes weren’t significantly excessive, buyers have been extraordinarily participative since energetic addresses hit an all-time excessive this week.

The great factor is that the dominance of mid-term holders is holding the coin secure from any motion for not less than 5 months on common. And, the dominance of retail buyers additionally prevents the coin from any flash promoting or main dumps, making it a safer asset.

Litecoin buyers distribution | Supply: Intotheblock – AMBCrypto

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