Litecoin
It was recovered from the sale of AM during the night, as it rose more than 2 % and reaffirmed the support near 93 dollars. The recruitment coincided with the gains in the traditional markets after a Cold report from the consumer price index.
The digital currency fell after midnight, UTC, and lost the ground from the peak of $ 93.58, before attracting the interest side, which helped stabilize the price about 91 dollars.
The analysis indicates that the market participants may advance the approval of the possible exchange fund (ETF). Bloomberg analyst James Sevart He set a possibility of 90 % For such approval later this year, LTC placed alongside Solana Sol
Caramel candidates in a Possible “Altcoin Etf.”
Technical analysis overview
Litecoin price procedures ranged between $ 90.97 to 93.58 dollars over the past 24 hours, by 2.88 %, according to Coindsk Research Technical Data model. The sharp decline came during trading hours at the height of Asia, when the price decreased by 1.55 % in minutes before getting support at $ 91.
When traders in the Americas woke up, the large -sized purchase prompted a return to $ 92. The most intense trading came in midday, UTC, with 249,812 symbols changed hands and provided sharp recovery.
It seems that the rising price channel is formed, with a resistance approaching $ 93.50 and supporting the unification of about 91 dollars. The fluctuations rose again with a decrease of 3.4 %, despite the stability of prices shortly after, indicating that the floor of $ 91 carries under pressure.
LTC is now hovering near $ 92.95, indicating signs of steady recovery.
Relationship: Parts of this article were created with the help of artificial intelligence tools and reviewed by our editorial team to ensure accuracy and commitment Our standards. For more information, see Coindsk Full Policy Artificial Intelligence.
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