CoinOtag
2024-06-11 02:34:23

Litecoin Faces Major Resistance Ahead: $534 Million Supply Wall Could Hinder LTC Recovery

On-chain data indicates potential challenges ahead for Litecoin’s price recovery due to a significant resistance level. Many Litecoin investors purchased their holdings at price levels just above the current market price, highlighting a potential supply wall. A large number of addresses acquired Litecoin in the $81.64 to $83.88 range, with substantial implications for future price

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.