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BLACKROCK BOUGHT A TOTAL OF $531.2M WORTH OF BITCOIN TODAY. WHALES ARE BUYING 🚀

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The chart shows the price development of Chainlink (LINK) against Tether (USDT) on the 1-day timeframe (1T) on Binance. Technical Analysis: 1. Fibonacci Retracement Levels: • Key Fibonacci levels are marked, with 0.618 at around $24.07 and 0.5 at around $22.44 acting as major resistance levels. • The current price is below the 0.236 level ($18.13), indicating ongoing weakness. 2. Downtrend: • The price is in a clear downtrend, as seen by the lower highs and lower lows. • The dashed line suggests a possible continuation of the downward movement. 3. Support Levels: • The $15.46 area (previous local low) could act as strong support. • If this level breaks, further selling pressure could emerge. 4. Volume Analysis: • Trading volume is relatively high, especially during strong price moves, indicating active market participants. • The recent price drop is accompanied by increased volume, suggesting strong selling pressure. Conclusion: The chart exhibits a bearish tendency, as the price remains below key Fibonacci levels and follows a downtrend. If the $15.46 support zone holds, a potential rebound could occur. A breakout above $18–$19 would be an initial bullish signal.

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Litecoin: On the Path to a Trend Reversal In recent weeks, Litecoin (LTC) has experienced an impressive price increase, while other cryptocurrencies are under downward pressure. This positive development could be a turning point for the entire crypto market, as LTC retests the recently reached resistance levels. Technical indicators such as the MACD (Moving Average Convergence Divergence) and the RSI (Relative Strength Index) indicate an improvement in market conditions. The RSI shows a positive trend and is above the signal line, which suggests a promising basis for further price increases. Current forecasts see a short- to mid-term target of around $128 for LTC, which would represent a 6.8% increase.$LTC #LitecoinUpdate What do you think about the future development of Litecoin? If you liked this post, leave a like and follow!

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