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Litecoin Rejected at $130 – Is the Bull Run Over or Simply Delayed? 

24.02.2025
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It appears whale manipulation has extended Litecoin’s consolidation, holding the LTC worth sure between $90 and $130 over the previous three months.

Regardless of a 40% acquire throughout this era, the top-ranking altcoin has struggled to interrupt previous the $130 stage—a resistance zone that has capped its current upside makes an attempt.

Whereas its most up-to-date try stood to interrupt the cycle, a bull run has been placed on maintain as soon as once more.

LTC Value Evaluation: What’s Retaining the Bulls at Bay?

This rejection continues what IntoTheBlock lately famous as a transparent sample of whale manipulation, aligning with the $130 resistance and $90 assist zones.

LTC / USDT 1D chart, symmetrical triangle breakout. Source: Binance.
LTC / USDT 1D chart, symmetrical triangle breakout. Supply: TradingView.

It’s credible that one other $90 backside might observe with the continuation of this development, marking an 18% decline from present costs.

Regardless of all technical indicators lending to a good platform for development, retail buyers don’t appear keen to leap on Litecoin, leaving worth actions largely within the fingers of the whales.

The Relative Energy Index (RSI) stays at a stable 60 whereas the MACD maintains its place above the sign line—each indicators that the bulls keep management.

Within the occasion a breakout does happen, it might affirm the potential of a large symmetrical triangle sample that’s been forming since early 2022.

Whereas a lot of the post-breakout momentum has materialized, the sample nonetheless units a $180 goal, representing a possible 47% acquire.

When Will Retail Return?

Given this tough state of affairs, fundamentals will probably be the catalyst to draw retail curiosity and drive a breakout.

Most importantly, the current SEC acknowledgment of spot LTC exchange-traded fund (ETF) functions kickstarts a 240-day countdown to the ultimate deadline for a call in mid-October.

Nonetheless, approval may come a lot sooner as Canary Capital’s LTC ETF lately appeared on the Depository Belief and Clearing Company (DTCC) ETF checklist.

The DTCC itemizing marks a preparatory step in the direction of its potential launch, although remaining approval is pending.

With its launch, elevated demand may give Litecoin the enhance it wants to interrupt the $130 resistance.

Litecoin Would possibly Not See the Better of this Bull cycle

Those that jumped to Litecoin as a substitute for Bitcoin (BTC) could also be pressured to rethink as Bitcoin Bull (BTCBULL) gives a brand new solution to capitalize on the main cryptocurrency’s tailwinds.

True to its identify, Bitcoin Bull ties its tokenomics to Bitcoin’s worth development in a deflationary mannequin.

The undertaking burns tokens and distributes BTC airdrops each time Bitcoin reaches key milestones—beginning at $125,000 and triggering new rewards for each $25,000 climb thereafter.

Bitcoin Bull (BTCBULL) presale website.

With some analysts forecasting BTC highs of $250,000 this cycle, BTCBULL may turn into a Bitcoin Maxi’s finest pal.

With nearly $2.8 million raised in its preliminary two weeks, the undertaking is already gaining robust momentum—doubtlessly credited to its 157% APY on staking that rewards early buyers.

You may sustain with Bitcoin Bull on X and Telegram, or be part of the presale on the Bitcoin Bull web site.

The put up Litecoin Rejected at $130 – Is the Bull Run Over or Simply Delayed? appeared first on Cryptonews.

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Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

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