At March’s low, LTC Recovers Partially<\/h2>\n![\"\"](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/LTC-18Aug-01-image.png\")
Source: Tradingview<\/figcaption><\/figure>\nUtilizing the Fibonacci retracement tool (highlighted in yellow), an analysis was conducted between the peak in July and the most recent trough. An extended lower wick on the chart signifies the ascendancy of sellers, momentarily tipping the balance. Yet, the intervention of buyers was evident, staunchly curbing an extended decline. LTC is exchanging hands at $65, mirroring the valuation observed during the nadir in March, thereby underlining a potential reversion to earlier price levels.<\/p>\n
The Balance Volume (OBV) traced a downward path, mirroring waning demand for the asset. Meanwhile, the Relative Strength Index (RSI) remained entrenched in oversold terrain, indicating no impending turnaround. These combined signals underscore the bearish sentiment surrounding the asset’s performance.<\/p>\n
In the coming hours or days, there’s a potential for LTC<\/a> to recover its losses, finding a consolidation zone within the range of $56 to $70. However, this outcome might depend on BTC’s performance, as further losses for Bitcoin could hinder LTC’s consolidation efforts. Traders will closely monitor these price levels for insights into the short-term market trend.<\/p>\nA surge beyond $70 could signal a bullish stance, but a breakthrough past $75 would empower the bulls. Notably, the price points at $70 and $78.5 are pivotal resistance levels, while maintaining above $50.5 and $42 is critical for key support.<\/p>\n
Discourage Longs<\/h2>\n![\"\"](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/LTC-18Aug-02-image.png\")
Source: Coinglass<\/figcaption><\/figure>\nToday, how much are 1,10,100 LTCs worth?<\/strong><\/p>\nEngaging in a hasty rush to acquire LTC at its reduced rates was strongly advised against. According to information from Coinglass regarding liquidation trends, a staggering sum exceeding $300,000 linked to long positions had been obliterated within the mere span of the last four hours leading up to the present moment. This is a stark reminder of the volatile nature of the cryptocurrency market, urging caution and strategic decision-making among investors.<\/p>\n
The market can be unpredictable and volatile, so it is important to consider the risks associated with any investment. If asset prices drop, it is important to have an exit strategy in place. That way, you can minimize your losses.<\/p>\n
Before this event, an astonishing sum exceeding $16 million, tied to long positions, experienced liquidation. The prevailing short-term pessimistic outlook emphasizes the need for cautious optimism among bullish investors, prompting vigilant monitoring of Bitcoin’s intricate price dynamics.<\/p>\n
The liquidation of such a large amount of long positions indicates a decrease in confidence in Bitcoin, meaning that investors who remain bullish need to be aware of the potential risks associated with current market conditions and adjust their strategies accordingly.<\/p>\n
Pikamoon ($PIKA) is Displaying Price Explosion Potential<\/h2>\n
Pikamoon<\/a> ($PIKA) is an innovative crypto venture blending gaming excitement with profit-boosting opportunities. Tailored to cater to passionate gamers and savvy investors, it has swiftly captured the crypto community’s attention.<\/p>\nThe project’s presale phase has attracted significant support, primarily from gaming aficionados enticed by its novel attributes. As the boundaries of GameFi (game finance) in the crypto sector are pushed, Pikamoon emerges as a promising game hub to redefine how entertainment and profitability intertwine in this evolving landscape.<\/p>\n
Pikamoon is a unique play-to-earn crypto venture, harnessing the power of two distinguished blockchains, Ethereum and MultiverseX. This innovative amalgamation defines Pikamoon’s identity, fostering an ecosystem where players can earn while engaging.<\/p>\n
By leveraging its multi-blockchain foundation, Pikamoon ensures airtight security measures and an uninterrupted streaming experience within its expansive metaverse. Moreover, the project’s lightning-fast payment processing speed sets a new benchmark for efficiency, underlining its commitment to revolutionizing the gaming and crypto landscape<\/a>.<\/p>\n
Utilizing the Fibonacci retracement tool (highlighted in yellow), an analysis was conducted between the peak in July and the most recent trough. An extended lower wick on the chart signifies the ascendancy of sellers, momentarily tipping the balance. Yet, the intervention of buyers was evident, staunchly curbing an extended decline. LTC is exchanging hands at $65, mirroring the valuation observed during the nadir in March, thereby underlining a potential reversion to earlier price levels.<\/p>\n
The Balance Volume (OBV) traced a downward path, mirroring waning demand for the asset. Meanwhile, the Relative Strength Index (RSI) remained entrenched in oversold terrain, indicating no impending turnaround. These combined signals underscore the bearish sentiment surrounding the asset’s performance.<\/p>\n
In the coming hours or days, there’s a potential for LTC<\/a> to recover its losses, finding a consolidation zone within the range of $56 to $70. However, this outcome might depend on BTC’s performance, as further losses for Bitcoin could hinder LTC’s consolidation efforts. Traders will closely monitor these price levels for insights into the short-term market trend.<\/p>\n A surge beyond $70 could signal a bullish stance, but a breakthrough past $75 would empower the bulls. Notably, the price points at $70 and $78.5 are pivotal resistance levels, while maintaining above $50.5 and $42 is critical for key support.<\/p>\n Today, how much are 1,10,100 LTCs worth?<\/strong><\/p>\n Engaging in a hasty rush to acquire LTC at its reduced rates was strongly advised against. According to information from Coinglass regarding liquidation trends, a staggering sum exceeding $300,000 linked to long positions had been obliterated within the mere span of the last four hours leading up to the present moment. This is a stark reminder of the volatile nature of the cryptocurrency market, urging caution and strategic decision-making among investors.<\/p>\n The market can be unpredictable and volatile, so it is important to consider the risks associated with any investment. If asset prices drop, it is important to have an exit strategy in place. That way, you can minimize your losses.<\/p>\n Before this event, an astonishing sum exceeding $16 million, tied to long positions, experienced liquidation. The prevailing short-term pessimistic outlook emphasizes the need for cautious optimism among bullish investors, prompting vigilant monitoring of Bitcoin’s intricate price dynamics.<\/p>\n The liquidation of such a large amount of long positions indicates a decrease in confidence in Bitcoin, meaning that investors who remain bullish need to be aware of the potential risks associated with current market conditions and adjust their strategies accordingly.<\/p>\n Pikamoon<\/a> ($PIKA) is an innovative crypto venture blending gaming excitement with profit-boosting opportunities. Tailored to cater to passionate gamers and savvy investors, it has swiftly captured the crypto community’s attention.<\/p>\n The project’s presale phase has attracted significant support, primarily from gaming aficionados enticed by its novel attributes. As the boundaries of GameFi (game finance) in the crypto sector are pushed, Pikamoon emerges as a promising game hub to redefine how entertainment and profitability intertwine in this evolving landscape.<\/p>\n Pikamoon is a unique play-to-earn crypto venture, harnessing the power of two distinguished blockchains, Ethereum and MultiverseX. This innovative amalgamation defines Pikamoon’s identity, fostering an ecosystem where players can earn while engaging.<\/p>\n By leveraging its multi-blockchain foundation, Pikamoon ensures airtight security measures and an uninterrupted streaming experience within its expansive metaverse. Moreover, the project’s lightning-fast payment processing speed sets a new benchmark for efficiency, underlining its commitment to revolutionizing the gaming and crypto landscape<\/a>.<\/p>\nDiscourage Longs<\/h2>\n
Pikamoon ($PIKA) is Displaying Price Explosion Potential<\/h2>\n