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Sergi Mamedov
Sergi Mamedov

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πŸš€ Litecoin Whales Accumulate $130M – Is a Breakout Coming?

πŸ“‰ LTC Recovers After Market Crash
Litecoin ( $LTC ) plunged to a two-week low during the market downturn but has since rebounded to $121, gaining 10% in 24 hours. Despite bearish headwinds, whales have quietly accumulated $130M in LTC, signaling potential for a breakout.

πŸ‹ Whale Accumulation Hints at Rally
Analyst MAXPAIN notes that whales buy LTC at lows and sell at peaks. This pattern suggests a parabolic rally could be forming, especially if retail traders join in.

πŸ“Š LTC Targets $230–$300 if Resistance Breaks
LTC has faced three rejections at $140 but continues to hold $110 support. Analysts predict a move past $230 if LTC flips resistance, with a breakout to $300 possible if bullish momentum strengthens.

πŸ“ˆ Technical Indicators Turn Bullish
LTC is forming an ascending parallel channel, showing bulls gaining control. The RSI at 64 signals rising momentum, while the MACD flips positive, reinforcing a bullish outlook.

🎯 Key Levels to Watch
If LTC maintains momentum, the next resistance levels are $130 and $140. Whale accumulation could further drive a short-term rally, setting up LTC for a potential breakout.

⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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