Litecoin’s 36% Drop, FET Eyes Key Resistance at $1.55 as TAO Faces Breakout
The post Litecoin’s 36% Drop, FET Eyes Key Resistance at $1.55 as TAO Faces Breakout appeared on BitcoinEthereumNews.com. Litecoin faces a 36% drop since April 1st, leading to the liquidation of 45.2K small wallets, hinting at a potential bullish turnaround. Fetch.ai (FET) is nearing a key resistance level at $1.55, with increasing market activity suggesting a potential breakout. Bittensor (TAO) confirms a breakout from its descending broadening wedge pattern, showing potential new all-time highs. Litecoin has taken a 36% hit since its April 1st peak, triggering significant market activity. According to a recent Santiment post, 45.2K net 0.1-1 LTC wallets were sold off as small traders finally gave in. This has sparked speculation that Litecoin might be close to a bullish turnaround. ⚡️ Litecoin has not been lighting social forums on fire with its market value dropping -36% since its April 1st peak. A sudden liquidation of 45.2K net 0.1-1 LTC wallets indicate that small traders are finally capitulating out of the OG crypto asset. Small fish impatiently… pic.twitter.com/qiZ9B72eG6 — Santiment (@santimentfeed) August 27, 2024 Despite the drop, Litecoin’s current price stands at $63.23, with a 24-hour trading volume of $243.7 million. Moreover, its market cap remains at $4.73 billion, indicating continued interest in the OG crypto asset. The derivatives market for Litecoin paints a mixed picture. Trading volume has shot up by 30.65% to $202.96 million, while open interest has dipped slightly. The overall long/short ratio leans towards more short positions. Source: Coinglass However, individual exchanges like Binance and OKX show a more bullish sentiment among traders. Notably, recent liquidations have mainly hit long positions, suggesting that price movements are working against those betting on a price rise. Meanwhile, Artificial Superintelligence Alliance (FET) has been on the mend, showing signs of approaching a key resistance level at $1.55. A post by Captain Faibik highlights the potential for a new all-time high if FET successfully breaks out of…
The post Litecoin’s 36% Drop, FET Eyes Key Resistance at $1.55 as TAO Faces Breakout appeared on BitcoinEthereumNews.com.
Litecoin faces a 36% drop since April 1st, leading to the liquidation of 45.2K small wallets, hinting at a potential bullish turnaround. Fetch.ai (FET) is nearing a key resistance level at $1.55, with increasing market activity suggesting a potential breakout. Bittensor (TAO) confirms a breakout from its descending broadening wedge pattern, showing potential new all-time highs. Litecoin has taken a 36% hit since its April 1st peak, triggering significant market activity. According to a recent Santiment post, 45.2K net 0.1-1 LTC wallets were sold off as small traders finally gave in. This has sparked speculation that Litecoin might be close to a bullish turnaround. ⚡️ Litecoin has not been lighting social forums on fire with its market value dropping -36% since its April 1st peak. A sudden liquidation of 45.2K net 0.1-1 LTC wallets indicate that small traders are finally capitulating out of the OG crypto asset. Small fish impatiently… pic.twitter.com/qiZ9B72eG6 — Santiment (@santimentfeed) August 27, 2024 Despite the drop, Litecoin’s current price stands at $63.23, with a 24-hour trading volume of $243.7 million. Moreover, its market cap remains at $4.73 billion, indicating continued interest in the OG crypto asset. The derivatives market for Litecoin paints a mixed picture. Trading volume has shot up by 30.65% to $202.96 million, while open interest has dipped slightly. The overall long/short ratio leans towards more short positions. Source: Coinglass However, individual exchanges like Binance and OKX show a more bullish sentiment among traders. Notably, recent liquidations have mainly hit long positions, suggesting that price movements are working against those betting on a price rise. Meanwhile, Artificial Superintelligence Alliance (FET) has been on the mend, showing signs of approaching a key resistance level at $1.55. A post by Captain Faibik highlights the potential for a new all-time high if FET successfully breaks out of…
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