Litecoin Hits Fibonacci Support as Whales Accumulate
- Whale Accumulation: Over the past five months, the number of whale and shark wallets holding at least 10,000 LTC has increased by 7%, indicating that large holders are preparing for a potential market shift despite flat price performance.
- Smart Contract Introduction: The LitVM project is introducing smart contract functionality to Litecoin via a zkLTC wrapper, sparking renewed social media interest that could generate new utility and demand for LTC, although its future performance remains uncertain.
- Market Support Region: Litecoin's price has revisited the lower Fibonacci Adjusted Market Mean Price zone, a structurally significant area that has historically served as strong support, potentially attracting long-term investor interest even as short-term weakness persists.
- Retail Volume Recovery Expectations: Santiment data indicates that Litecoin ranks as the top trending coin on social media, with expectations that retail trading volume will recover on any price rally, which could support broader volume recovery for LTC.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for LTC
Technical Sentiment Analysis for Litecoin (LTC). As of , Litecoin (LTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for LTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, LTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Litecoin (LTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 35.017 | 37.768 | 40.347 | 43.098 | 45.677 | 48.428 | 51.007 |
| Fibonacci | 37.768 | 39.804 | 41.062 | 43.098 | 45.134 | 46.392 | 48.428 |
About LTC
About the author
