LTC is in trouble due to large players cashing out
The whale of Litecoin sells at the highest local price, leading to fragile price trends; the network fundamentals are weakening - hash rate is decreasing, and transaction volume is decreasing. Unless LTC reclaims $141, the formation of a double top could lead to a 25% drop to $86. The catalyst for ETF is a trend, but the lack of institutional confidence still makes the momentum fragile.
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LTC is in trouble due to large players cashing out
The whale of Litecoin sells at the highest local price, leading to fragile price trends; the network fundamentals are weakening - hash rate is decreasing, and transaction volume is decreasing.
Unless LTC reclaims $141, the formation of a double top could lead to a 25% drop to $86.
The catalyst for ETF is a trend, but the lack of institutional confidence still makes the momentum fragile.