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  • cardanoCardano (ADA) $ 0.960324
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Analytics

What Are the Critical Price Levels in Litecoin (LTC)? Analyst Reveals the Range Where 215,000 Addresses Bought

By admin
0 314

Contrary to the expected rise since the halving event on August 6, a comment came from cryptocurrency analyst Ali Martinez for Litecoin (LTC), which has lost approximately 21% in value.

According to CoinMarketCap, LTC, which has lost 27% of its value in the past month, is trading at $65.53 at the time of this writing.

What Are the Critical Price Levels in Litecoin (LTC)? Analyst Reveals the Range Where 215,000 Addresses Bought

Chart with daily candles showing LTC’s depreciation.

Litecoin has reached a stable support wall between $63.22 and $65.19, where 215,000 addresses bought 3.81 million LTC, according to cryptocurrency analyst Ali Martinez.

Martinez said that this level should stay strong for a potential rebound to $75, the next major resistance level. However, if Litecoin fails to hold above this support wall, it could trigger a sell-off that could drop the coin to $50, the lowest point since December 2020.

LTC price reached an all-time high on May 10, 2021 and hit $412. The token has since lost approximately 84.14% of its value.

*Not investment advice.

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