#LTC✅

LTC bulls are back, aiming for a new high in the Fibonacci range!

Litecoin (LTC) is now trying to restart its bull recovery within the 0.5 to 0.618 Fibonacci range after experiencing bearish volatility in December. Despite falling 40.75% from a high of $147 to a low of $86.69, LTC has stabilized in the $96 to $105 range.

Whales are actively deploying, and LTC is ready to go

What is remarkable is that whales have been quietly accumulating LTC. As of December 30, the number of LTC held by whales has increased from 7.44 million in early December to 9.06 million, an increase of 11.91%. This move not only reflects the whale’s optimism about LTC, but also provides strong support for LTC’s rebound.

Market data is improving, LTC’s prospects are promising

At the same time, LTC’s market data also shows a positive trend. In the past 24 hours, trading volume increased by 11.40% to $596.94 million; open interest also increased by 2.12% to $439.1 million. These data indicate that investor interest in LTC is rekindling.

Financing interest rates rise and the derivatives market becomes active

Additionally, LTC’s positive funding rate has increased significantly over the past three days, further confirming healthy activity in the derivatives market. This trend could push LTC to continue bullishly in the first week of January and set the stage for a solid 2025 outlook.

LTC may usher in a new round of surge

To sum up, LTC is ushering in a new round of rising opportunities driven by multiple factors such as whales’ active layout, improving market data, and active derivatives markets. Although it would still need to rise more than 38% to recapture the December high, considering the current positive trend, this goal may not be far away.

LTC has a bullish start to 2025, and investors may wish to pay close attention to its subsequent trends. Under the leadership of whales, LTC may spread its wings and fly high again, bringing huge returns to investors.

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