The Litecoin (LTC) price dropped by 30% in early April, worrying investors. As the altcoin tries to recover from this decline, investors may prefer a more downside path. This affects the performance and market value of LTC.

Contents

Bearish Momentum in 1 LTC

Price Prediction in 2 LTC

3 Tips for Investors

Bearish Momentum in LTC

Litecoin is struggling to recover from the correction in early April. Investors are considering exiting before their losses mount. This is observed in MVRV, which is the ratio between market value and realized value. Litecoin's 30-day MVRV is at 11%, indicating it is in profit and could lead to potential sell-offs. Historically, LTC corrections have occurred when MVRV was between 10% and 24%. A Prize Pool Worth 21 Million TL is Awaiting You from BinanceTR! Participating and winning has never been easier. Sign up to BinanceTR from this link and get your first crypto!

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