Litecoin [LTC] has showcased impressive performance in the last 24 hours in terms of its price action as it surged by over 8%
has showcased impressive performance in the last 24 hours in terms of its price action. This happened at a time when the coin’s price was also about to break past a key resistance zone. Does this mean LTC will hit an all-time high soon?, LTC’s price was sitting at a key resistance level of $78. A break above that level would mean a bull rally. Thankfully, LTC did manage to go above that mark, as its price rallied by more than 8% in the last 24 hours alone.
Our analysis of Glassnode’s data pointed out an interesting episode. We checked Litecoin’s reserve risk. For initiators, Reserve Risk is defined as price / HODL Bank and is used to assess the confidence of long-term holders relative to the price of the native coin at any given point in time.
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