LTC News: Cryptocurrency Market Slumps, But Reserve Idea Halts Further Decline
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The cryptocurrency market has experienced a significant downturn in recent hours, with major coins such as Bitcoin and Ethereum showing notable declines. However, the emergence of a crypto reserve idea has halted the market’s slide, providing some hope for investors. Here’s a closer look at the latest developments.
Return of Crypto Reserve Idea Halts Market Slide
Crypto market capitalization collapsed by 7.5% in the last 24 hours to $2.65 trillion, the lowest level since November 10th. Bitcoin (BTC) has lost 8.6% over the last day, pulling back under $79,000. If it falls to the $70K area, it will completely nullify Trump’s rally. Ethereum (ETH) has pulled back below $2100, trading in the area of last year’s lows. Other coins such as Litecoin (LTC), Bitcoin SV (BSV), and OKB showed similar downward trends.
Litecoin at a Crucial Level – Will LTC See a Major Rebound?
Litecoin experienced a significant price surge, likely fueled by macroeconomic factors including increased crypto adoption in the U.S. reserve. The cryptocurrency reached $127.70, a key resistance level, before investors began taking profits, causing a sharp decline. The failure to sustain above the $120.48 (38.2% retracement level) amplified the selloff, leading to increased selling pressure. The $118.25 (50% retracement) briefly acted as support, but the rejection at $123.46 indicated that bears were still in control.
Litecoin Price Prediction: Whales Move 84 Million LTC While Web3Bay Dominates March’s Crypto Market
Litecoin (LTC) has surged 24% in the last 24 hours despite increased volatility and broader market downturns triggered by macroeconomic concerns. Institutional interest in LTC is building, with speculation around a Litecoin ETF gaining traction. Meanwhile, Web3Bay (3BAY) is making waves in the decentralized e-commerce sector and attracting significant investor attention. Strategic buyers are positioning themselves for substantial gains with both LTC and 3BAY.
