Litecoin’s Decline: A Sign Of Capitulation Or A Turning Point?

Litecoin’s Decline: A Sign Of Capitulation Or A Turning Point?

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Source: TheMerkle.com

Litecoin ($LTC) has been on a volatile yet steady downward trajectory, mirroring the broader crypto market’s retracement.

Notably, $LTC has historically moved counter to the market, but today’s decline suggests a shift in sentiment.

$LTC is witnessing a significant decline in the number of small-balance holders, indicating that weak hands may be capitulating as the market approaches a potential bottom. pic.twitter.com/D0MoLP0JYL

— Bitcoinsensus (@Bitcoinsensus) August 27, 2024

A closer look at

Read More https://themerkle.com/litecoins-decline-a-sign-of-capitulation-or-a-turning-point/

The post "Litecoin’s Decline: A Sign Of Capitulation Or A Turning Point?" appeared first here TheMerkle.com.

Source: TheMerkle.com

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