LTC will be the biggest dark horse in this bull market

Old coins, new talks

Will Litecoin (LTC) become a dark horse potential stock in the bull market cycle! As Bitcoin (BTC) soars to new heights, reaching an impressive $120,000, the enthusiasm in the cryptocurrency market is reignited. During this wave of excitement, Litecoin (LTC) has become the center of attention with its unique stability and growth potential.

Compared to the two giants, Bitcoin (BTC) and Ethereum (ETH), Litecoin (LTC) has shown a more robust performance. Although it is slightly less volatile, this has not affected investors' preference for Litecoin (LTC). After all, in the cryptocurrency market where risks and rewards coexist, stability often means higher investment value and longer holding periods.

Litecoin (LTC) is trading steadily at around $120, with $100 serving as a significant support level over the past month. This support level is not only a psychological expectation but also proves Litecoin's (LTC) robustness from a technical perspective. Once this level is broken, the upward potential for Litecoin (LTC) will further open up, attracting more investor attention.

The RSI (Relative Strength Index) for Litecoin (LTC) is at a low level, while the MACD (Moving Average Convergence Divergence) shows a converging trend. This means that Litecoin (LTC) is currently in a low consolidation phase but has accumulated enough momentum, showing a bullish trend in the short term. If the market can successfully break through the key resistance level of $145, Litecoin (LTC) is expected to move towards the target of $200 in the short term.

Even more noteworthy is the latest data indicating that whale-level investors have quietly begun to accumulate Litecoin (LTC). This sign undoubtedly injects powerful vitality into Litecoin's (LTC) mobility. Historically, the price of Litecoin (LTC) tends to start rising about 4-5 months after a Bitcoin halving. Therefore, if this historical pattern holds, we have reason to believe that Litecoin (LTC) will experience a rapid price increase by the end of the third quarter this year.

This is also the reason for him to pre-position in LTC

Focus for the day: LTC, LINK, SOL, SUI