“Litecoin ETF may be approved first! Prices are steadily rising, targeting 100 USD!”
Even though the entire cryptocurrency market is in a consolidation period, Litecoin (LTC) is still slightly rising during the Asian trading session, with the current price around 86 USD. Bloomberg analyst James Seyffart pointed out that due to the competitive advantage of the Litecoin spot ETF submitted by Canary Capital, the likelihood of approval is as high as 90%, making it the most promising among similar applications.
Canary Capital plans to launch the ETF on October 15, 2024, with Nasdaq set to submit an application in January 2025, awaiting approval from the U.S. Securities and Exchange Commission (SEC). Unlike Dogecoin and Ripple, Litecoin's application has not encountered approval delays, making the market full of expectations.
Technically, Litecoin's price remains above the support level of 84 USD, and breaking through the 50-day EMA and the upward trend line is expected to challenge the 100 USD mark. However, there is still resistance in the 88-90 USD range. The RSI remains above 50, indicating bullish dominance.
For investors, it is recommended to pay attention to support levels at 84 USD, 81 USD, and 75 USD, while also watching for the opportunity to break through 100 USD.
As long as you keep the rhythm, it's fine to follow along; if you can't keep up, you'll always be stuck in place.
The big pancake has shifted from a one-sided decline to a fluctuating downward trend. Making timely adjustments will allow you to stay ahead of others.
Today, under the pressure of 840, one can consider looking down towards $BTC as a priority.
Since everyone has seen 15, doesn't that mean my 105 position is hanging at the mountain top? 😭😭😭
今年破百万
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If we have now entered a bear market, in previous bear markets, the decline of LTC from the peak has exceeded 90%. Taking 149 as the highest point of this bull market, a 90% decline consensus stop-loss price should be 15 dollars. It is not easy for everyone to make money, so please do not lose sight of the bigger picture.
I would rather die while adding to my position. It is impossible to cut myself to death. I am afraid of the pain and cannot bring myself to do it. I can only cry and work hard, work and cry hard, cry and work and cry!
Lookonchain closely monitored and found that just 2 hours ago, a mysterious whale made a strong move and deposited 96,155 SOL to Binance, worth up to 13.49 million US dollars!
Looking back a year ago, this whale withdrew 88,493 SOL at an average price of 101 US dollars, worth about 8.95 million US dollars, and then pledged it.
Just now, the whale released the pledge of 96,155 SOL and deposited it in Binance.
At the current value, this operation is expected to earn 4.5 million US dollars! Did this wave of operations smell some amazing business opportunities, or do they have other plans?
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Everyone is hoarding Bitcoin, I'm hoarding millet, grown by myself, organic, can't eat it all, with food at home, there's no need to panic, Bitcoin can't be eaten anyway 😁