Litecoin

Impact

Threshold

<p style="text-align: justify;">In a claim made on June 9, Michaël van de Poppe argued that Bitcoin (BTC) needs to break the $26,800 barrier to maintain its latest surge. Poppe believes that if the leading cryptocurrency manages to convert this price point into $27,500, other interconnected assets like Litecoin (LTC) and Ripple (XRP) may also explode.</p>
<h2 style="text-align: justify;" id="btc-faced-a-resistance-level">BTC Faced a Resistance Level!</h2>
<p style="text-align: justify;">According to a chart shared by the CEO of MN Trading, BTC encountered a significant resistance at $27,446 on June 9. Regrettably, the leading <a href="https://en.coin-turk.com/cryptocurrency-market-on-the-rise-stacks-stx-leading-the-rally/" target="_blank" rel="noopener" data-wpel-link="internal">cryptocurrency</a> lost its $26,000 mark and, at the time of writing, it is trading at $25,698.</p>
<p style="text-align: justify;">However, along with BTC, XPR, and LTC also lost 6.48% and 12.76% in value, respectively, in the last 24 hours. Despite the widespread decline in the market, the three cryptocurrencies showed strength during a period when the SEC scrutinized the world&#8217;s two largest exchanges.</p>
<p style="text-align: justify;">The predictions of LTC reaching $100 or XRP rising to $0.6 have been suppressed due to price movement. Recently, XRP experienced a rally due to high expectations of winning its SEC case. For Litecoin, its planned halving in August caused a rise. As the surge declines, how will these cryptocurrencies progress?</p>
<p><a href="https://en.coin-turk.com/?attachment_id=83919" rel="attachment wp-att-83919" data-wpel-link="internal"><img decoding="async" loading="lazy" class="alignnone size-full wp-image-83919" src="https://en.coin-turk.com/wp-content/uploads/2023/06/santiment-1.webp" alt="" width="1561" height="838" srcset="https://en.coin-turk.com/wp-content/uploads/2023/06/santiment-1.webp 1561w, https://en.coin-turk.com/wp-content/uploads/2023/06/santiment-1-300x161.webp 300w, https://en.coin-turk.com/wp-content/uploads/2023/06/santiment-1-768x412.webp 768w, https://en.coin-turk.com/wp-content/uploads/2023/06/santiment-1-1536x825.webp 1536w, https://en.coin-turk.com/wp-content/uploads/2023/06/santiment-1-1200x644.webp 1200w" sizes="(max-width: 1561px) 100vw, 1561px" /></a></p>
<h2 style="text-align: justify;" id="santiment-data">Santiment Data!</h2>
<p style="text-align: justify;">According to Santiment, Bitcoin&#8217;s volume rose timely to 16.78 billion at the time of writing, indicating a significant increase in transactions. While XRP&#8217;s volume also increased to 2.17 billion, LTC&#8217;s volume rose to 966.27 million. As the volume serves as an indicator to determine the price movement, BTC might indeed affect the direction of LTC and XRP.</p>
<p style="text-align: justify;">Similarly, the weighted sentiment of all assets followed a similar pattern. The weighted sentiment takes into account the unique social volume surrounding an asset according to broader intelligence. Between the last week of May and June 2, LTC&#8217;s weighted sentiment shot up. During the same period, the same metric rose from the perspective of XRP. Like the other two, BTC&#8217;s weighted sentiment also increased.</p>
<p style="text-align: justify;">However, at the time of writing, the metric for BTC, LTC, and <a href="https://en.coin-turk.com/uphold-supports-xrp-amidst-ripple-security-case-price-predictions/" target="_blank" rel="noopener" data-wpel-link="internal">XRP</a> dropped into the negative zone. This might mean that the broader perception towards these cryptocurrencies may not align with a short-term price increase.</p>
<p>The post <a rel="nofollow" href="https://en.coin-turk.com/michael-van-de-poppe-sets-critical-btc-threshold-for-crypto-surge-impact-on-ltc-and-xrp/" data-wpel-link="internal">Michaël van de Poppe Sets Critical BTC Threshold for Crypto Surge: Impact on LTC and XRP</a> appeared first on <a rel="nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Michaël van de Poppe Sets Critical BTC Threshold for Crypto Surge: Impact on LTC and XRP

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