📈 Litecoin's Big Breakout: Is a Volatile August Ahead? 🚨
LTC Surges Past $115
Litecoin (LTC) has broken past the critical $115 resistance level, marking its highest close in 18 months. The recent surge saw LTC jump 6.69% in 24 hours, now trading around $120.49.
Whale Activity on the Rise
Whale transactions increased by 31.3%, signaling institutional interest but also potential exit liquidity. This could lead to volatile swings in the market.
Technical Setup:
- RSI: Bullish crossover confirmed
- Support: $115
- Resistance: $130-$136
- MVRV ratio rising from 0.208 to 0.29, indicating recovery from undervaluation
Analyst's Warning:
"Litecoin's breakout is real, but the liquidity profile is fragile. If whales flip bearish, August could be a rollercoaster. Stay alert!"
