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Potential Resistance for Litecoin as Holders Near Break-Even
11/18/2024 10:35:13 AM
According to @intotheblock, over 60% of Litecoin (LTC) holders are currently in profit, marking the highest level since April. However, a significant number of holders who are still at a loss purchased LTC in 2021. As these holders approach their break-even point, they might sell, potentially creating resistance. The key question for traders is whether this selling pressure will hinder Litecoin's momentum or if the cryptocurrency can overcome it and achieve new highs in the current cycle. (Source)
Litecoin profit resistance LTC 2021