Litecoin faces a 36% drop since April 1st, leading to the liquidation of 45.2K small wallets, hinting at a potential bullish turnaround.
Fetch.ai (FET) is nearing a key resistance level at $1.55, with increasing market activity suggesting a potential breakout.
Bittensor (TAO) confirms a breakout from its descending broadening wedge pattern, showing potential new all-time highs.
Litecoin has taken a 36% hit since its April 1st peak, triggering significant market activity. According to a recent Santiment post, 45.2K net 0.1-1 LTC wallets were sold off as small traders finally gave in. This has sparked speculation that Litecoin might be close to a bullish turnaround.
Litecoin has not been lighting social forums on fire with its market value dropping -36% since its April 1st peak. A sudden liquidation of 45.2K net 0.1-1 LTC wallets indicate that small traders are finally capitulating out of the OG crypto asset. Small fish impatiently… pic.twitter.com/qiZ9B72eG6
— Santiment (@santimentfeed) August 27, 2024
Despite the drop, Litecoin’s current price stands at $63.23, with a 24-hour trading volume of $243.7 million. Moreover, its market cap remains at $4.73 b…
The post Crypto Market Shake-up: Litecoin, FET, and TAO in Focus appeared first on Coin Edition.
