Litecoin
More than 4.3% fell last week, and has dropped more than 14% during the last period of 30 days, with the last sale of the sale of broader risk assets.
That sale in the sale of Israel attacked Iran in an attempt to end its nuclear program and damage its missile abilities, and they would then retaliate with a missile save.
The conflict has scared global markets, reducing the total capitalization of the cryptocurrency market by more than $ 150 billion.
LTC was severely affected by mass sale. As the dust settled, Litecoin tried a fragile rebound, rising above $ 86. But the recovery has stagnated under a growing technical resistance.
The level of $ 97.80, which coincides with the fibonacci setback of 23.6% according to the technical analysis model of Coindesk Research, has proven difficult to violate. Impulse indicators such as RSI in 43.46 and a flat MACD histogram show limited energy behind the movement, which suggests a consolidation phase.
The volume tells a similar story. Litecoin’s commercial activity fell 42% after the initial fall, even when it briefly increased to the resistance level of $ 85.90 during a high volume increase on Friday night. That rupture, however, quickly found the earnings that reduced it to $ 85.
Flood in the background is the hope of a spot Litecoin ETF. Bloomberg Etf Eric Blchunas and James Seyffart analysts estimate a 90% approval probability.
