Litecoin Holds Bullish Outlook As the MVRV Ratio Signals Strength – Analyst
Litecoin (LTC) has demonstrated resilience amid market uncertainty, maintaining crucial support around $100 despite broader cryptocurrency downtrends. The Market Value to Realized Value (MVRV) Ratio indicates a bullish outlook, suggesting investors are holding LTC with less incentive to sell. The coming days are critical, as Bitcoin's performance could influence LTC's price action. LTC has struggled to break above key resistance levels, remaining within a tight trading range. Analysts note that if the broader market recovers, LTC could emerge as a strong asset due to its stability and bullish on-chain signals. Currently trading at $104, LTC needs to reclaim the $115 level to trigger renewed buying momentum, with potential resistance around $130-$145. Holding above $100 indicates buying confidence, while failure to break $115 may lead to prolonged consolidation.
