Litecoin (LTC) fell to $ 106 on February 25 and showed a 20%V -shaped recovery. After a short time decreased below the index moving average (EMA) of 50, 100 and 100 days, Altcoin has restored optimistic positions and is currently surpassing most of the assets in the Crypto market.
Lighting 1 hour chart. Source: COINTELEGRAPH/TradingView
Litecoin has “one of the best charts in encryption”.
Litecoin’s current performance means in the asymmetrical rally and a wider encryption market, and most LTC futures traders maintain clear direction prejudice. Data emphasizes the clear trend of LTC’s public interests, which continues to reach $ 140.
Litecoin revealing interest, financing fee and liquidation chart. Source: velo.data
During the recent correctional period of LTC, public interest dropped from $ 880 million to $ 550 million, down 40% between February 20 and February 26, but the majority of OIs decreased within the first three days. In the last two days, it remained flat in the flaw of LTC.
In the last 24 hours, a 10%flash OI spike has been observed with a price increase, which can mean the new long position of the trader. The increase in financing rate has been confirmed that more time is more active than the current shorts.
In light of this, Tyler, an anonymous password, said Altcoin presented “one of the best charts in encryption.”
This feeling was followed by encryption analyst Poseidon.
But technical analyst Mihir believed that long -term goals could be much higher.
Analyst
“The LTC recorded $ 350 USD over 2017. During the bull in 2020, he resumed the highest level in 2017 but could not create a new ATH. Currently (2023-2025) Bull Run hasn’t moved much yet, but this year it shows up. $ 1,000 is available if you break $ 250 USD or higher. ”
Litecoin 1 month analysis of mihir. Source: x.com
Related: M2 currency supply can cause ‘parabolic’ bitcoin rally -analysts
Overhead resistance hangs for $ 140
As you can see in the chart below, Litecoin’s weekly price behavior shows strengths, and candles of more than $ 133 will show the highest level since January 2022. But Altcoin has not been able to increase overhead resistance for $ 140 over the last three months.
Since the supply side liquidity is available upside down, LTC requires more than $ 133 a week to invalidate the resistance range.
Litecoin 1 Week Chart. Source: COINTELEGRAPH/TradingView
Related: Bitcoin sets a new three -month minimum with the analyst’s eyes. $ 93.5K is to regain ‘this week’.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.