Litecoin’s double bottom breakout – 24% gain ahead if LTC breaches…
2025-07-19 16:10:03
Main Idea
Litecoin (LTC) is approaching a key resistance level at $110, with potential for a 24% gain to $130 if it breaks through, supported by whale accumulation and bullish technical signals, though high leverage and supply overhead pose risks.
Key Points
1. Litecoin is testing a critical resistance zone between $107 and $110, where over 3.9 million LTC were previously held.
2. A double bottom formation suggests a potential trend reversal, with a breakout above $110 possibly targeting $130 (a 24% gain).
3. Whale holdings have increased by 5.44% in the past 30 days, indicating accumulation for a potential breakout.
4. Derivatives market shows strong bullish sentiment, with OI-Weighted Funding Rate hitting a record high of 0.0416%, though this also raises downside risks.
5. Litecoin recorded $3.55 million in outflows, suggesting long-term holder conviction and lack of panic selling.
Description
Litecoin nears $110 resistance as whales accumulate and Funding Rates hit record highs.
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