Litecoin [LTC] on a knife's edge; should investors wait for mid-week clarity
Litecoin [LTC] experienced some selling pressure at the start of the week as the bears took over market dominance. The resulting downside has subsequently pushed LTC towards its August support level, thus entering an uncertainty zone.Whales holding between 100,000 and one million LTC coins increased their balances in the last two days. In contrast, addresses holding between 10,000 and 100,000 LTC coins registered outflows during the same period.
The lack of a unified course of action among the whales introduces some uncertainty regarding price direction. The current macroeconomic environment also contributes to the lack of investors’ clarity. Meanwhile, Litecoin’s dormant circulation tells a different story.The 90-day dormant circulation reveals that more investors opted to HODL their coins in the first week of September. As a result, dormant coins in the last 90-days dropped in the last seven days.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
![Litecoin [LTC]: Your take-profit targets can be a revisit of this area](https://i.headtopics.com/images/2022/9/8/cryptoamb/litecoin-ltc-your-take-profit-targets-can-be-a-revisit-of-this-area-1567627559289987074.webp?w=640)
Litecoin [LTC]: Your take-profit targets can be a revisit of this areaDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Coinglass data showed $364 million worth of liquidations over the past 24 hours. This came in the wake of a 7% drop in Bitcoin’s [BTC] price within the past day. Litecoin [LTC] followed in the […]
Read more »
Upcoming Fall Runs and Walks in Calgary - Avenue CalgaryTake part in one of these races happening from mid-September to mid-December. yyc yycevents
Read more »
The Weeknd is set to perform first concert in Toronto after losing his voiceThe Weeknd will still perform in Toronto later this month after losing his voice mid-performance at a Los Angeles concert this week, the singer-songwriter announced Wednesday.
Read more »
Bitcoin edges closer to its 2022 low down more than 6% this weekCryptocurrency market capitalization drops below US$1 trillion. Read on
Read more »
Bitcoin edges closer to its 2022 low down more than 6% this weekCryptocurrency market capitalization drops below US$1 trillion. Read on
Read more »
Asia shares rise as Wall Street on track to end loss streakAsian benchmarks mostly rose Thursday, as investor optimism got a perk from a rally on Wall Street that's on track to break a three-week losing streak.
Read more »