Big things are coming! Litecoin has been on a tear lately, so watch out, holders!
$LTC After a modest rebound in early August, the price is now stuck at $107, a 24-hour increase of 1.79%, bringing its market capitalization to $8.14 billion.
Even more impressively, trading volume surged by 16.19%, pulling the price up from its low of $103.75. Buyers are showing strong confidence!
On-chain data is even more impressive, with the 24-hour active address count soaring to 402,000, a recent high! What does this indicate? Real user growth and speculative capital are entering the market simultaneously. Typically, such a surge in address count is followed by a price surge.
Technically, Litecoin is currently trading above the $107.20 pivot point. Once it holds above this level, the first target will be the resistance zone between $108.80 and $110.70. On the 4-hour chart, the RSI is climbing out of the oversold zone, and the price is approaching the middle line of the Bollinger Bands. The 50-day moving average has already crossed above the 200-day moving average, forming a bullish golden cross!
In the short to medium term, this rebound could reach the 121.90 to 122.20 range, but it must first break through the 110 level.
Market sentiment is currently strong, and on-chain activity is high. Can Litecoin reach new highs in this wave? Keep an eye on the 110 and 122 levels; if they break through, there may be surprises.
Altcoins are poised for an unprecedented surge. I've compiled a strategy for bottom-fishing strong coins, which I'll share online soon. If you want to seize this opportunity, come and buy directly.
