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Litecoin’s price rally may finally begin IF LTC holds ... - AMBCrypto
WEBAug 14, 2024 · This buying pressure could force the upward movement to progress even further, which could translate to a massive rally. Source: Coinglass. If LTC break above $63 with strong momentum, it could confirm this bullish scenario. Conversely, a rejection at this level might signal further consolidation or a potential downside move on the charts.
Here are 2 main reasons behind Bitcoin’s dropping demand
WEBAug 24, 2024 · One of the factors preventing major breakouts above this zone is weak Bitcoin demand growth, which remained at low levels, per CryptoQuant. This even turned negative in recent weeks. Bitcoin’s demand hit a three-year peak in April 2024 coinciding with the Bitcoin halving event. However, it has since dropped to the lowest level this year.
Bitcoin’s bull run is far from over – THIS is a major reason why
WEBAug 24, 2024 · Yet, this run has something that has not happened before. During the 2024 BTC halving event in April, the price was above the $61k mark. It has traded at or very close to the previous cycle’s ATH during and after the halving event. During the 2020 cycle’s halving, BTC prices were close to 60% down from …
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