📉 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.
🐋 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.
📊 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.
📈 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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