Litecoin reaches newspaper addresses again with a 14 % jump, and trades at $ 116 after consistent bullish momentum. This last increase is in line with the broader encryption market gatherings and the increasing brands for the upcoming Altcoin season.
However, despite optimism, the activity of the large whale threatens to undermine this upward trend. Adult holders make profits, and this step may challenge Litecoin to maintain its gains.
Litecoin support can fade
In the past five days, the whale governor, which includes between 100,000 and 1 million LTC, has emptied more than 500,000 coins. This huge sale is equivalent to about 58 million dollars and indicates cautious feelings between the main investors. Their actions indicate that they may question the length of the current assembly.
The sudden rise in the sale of pressure signals is likely to be instability. Often these deals of large size affect the direction of the market because of their effect on liquidity.
If the sale continues at this rate, retail morale may turn to the decline, which doubles the pressure on the short term of Litecoin.
Despite the sales of the whale, the data on the chain of the average currency index (MCA) indicate a different story. Their holders appear in the long term (LTHS) flexibility, and they chose not to follow the example of selling their property. This portfolio, known to be convicted, continues to keep it, and is a positive sign of price stability.
LTHS usually dictates directions from mid to long -term, and its simple participation in the last sales indicates confidence in the Litecoin look. This anti -support force can provide that Litecoin needs to resist more negative pressure and may be installed in the current levels.
The price of LTC needs to violate the key resistance
At the time of writing this report, Litecoin is trading at $ 116, just shy of the resistance level of $ 117. While the price has increased by 14 % over the past 24 hours, the sale of whales looming on the horizon can create friction.
A strong emerging boost is needed to overcome the upper barrier and keep the ups off the bullish momentum.
If the hibernation -led feelings are intensified, Litecoin can restore its steps to $ 105. This level is an important support for the following and it may become a base to unify the side if the sale continues.
Instead, constant support from retail buyers and LTHS can help penetrate $ 117. The violation of this resistance would indicate the strength and opening of the door for its movement about $ 124, which represents a new height for four months and verify the validity of the upward trend.
Disintegration
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2025-07-20 17:00:00
