Litecoin

<ul><li>Litecoin&#39;s market value has fallen 36% since April, indicating significant bearish pressure.</li><li>Liquidation of 45,200 small LTC wallets could signal a potential market reversal.</li><li>LTC&#39;s 1-week RSI nearing oversold territory suggests a possible price turnaround.</li></ul><a href="https://cryptotale.org/crypto-rebound-spurs-litecoin-and-xrp-fomo-bitcoin-and-popcat-surge/" rel="noopener noreferrer nofollow">Litecoin </a>has recently experienced a significant downturn, with its market value plummeting by 36% since peaking on April 1st, as highlighted by Santiment, an analytic firm. This steep decline has led to a notable shift in the behavior of small investors.In a dramatic turn of events, 45,200 wallets, each holding between 0.1 to 1 LTC, were suddenly liquidated. This mass exit by small traders often signals a potential reversal in market trends.Litecoin stands at <a href="https://coinmarketcap.com/currencies/litecoin/" rel="noopener noreferrer nofollow">$63.46</a> at press time, marking a 1.37% drop over the past 24 hours. The price action has revealed a distinct trading range, with recent price movements bouncing around $63.00, which serves as a short-term support level. A deeper look shows that the asset also has a potential support of around $62.50, where it has previously found a floor.Conversely, resistance is observed in the $64.00 to $64.50 range. The price has struggled to maintain levels above this threshold, suggesting it is a significant barrier. If the price continues to falter and breaks the $63.00 support, further declines toward $62.50 or even lower could be anticipated.<a href="https://cryptotale.org/45200-ltc-wallets-liquidated-will-63-support-hold/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

45,200 LTC Wallets Liquidated: Will $63 Support Hold?

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