- Litecoin (LTC) shows resilience with a 14% gain in 9 days, holding above $67 despite recent dips.
- A bullish pennant pattern emerges on the LTC/USD chart, hinting at a weekend breakout.
- Litecoin’s on-chain activity surges as whales awaken, setting the stage for potential triple-digit growth.
Litecoin (LTC) has demonstrated indications of a bullish resurgence, attracting the attention of investors and market experts alike. Consequently, Litecoin has gained 14% in value over the past nine days, with bulls keeping the price over $67.
However, the previous 24 hours saw the LTC market dominated by a bearish hand, with the price sliding from an intraday high of $70.49 to an intraday low of $67.39 when support was created. Despite this brief setback, Litecoin’s overall favorable trend continues, with the cryptocurrency trading at $67.58 as of press time.
During the dip, LTC’s market capitalization and 24-hour trading volume declined by 3.47% and 2.59%, to $4,987,382,404 and $353,557,941, respectively. This decline in market value and trading volume could likely be related to the market’s dismal attitude, as investors may be liquidating their LTC holdings.
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