Old coins, big moves: The Litecoin breakout.
Do not ignore the legacy networks when they start waking up. Litecoin just broke out to an 8 month high above $74 today, surging over 24% in the last 24 hours. We are seeing massive on chain wallet movements and serious exchange outflows, which historically points to heavy whale accumulation. While everyone is distracted by the newest shiny altcoins, the OG proof of work coins are quietly printing some of the most solid technical breakouts on the board. A clean weekly close above this level could get very interesting. $LTC
Not financial advice. DYOR and trade at your own risk.
Do not ignore the legacy networks when they start waking up. Litecoin just broke out to an 8 month high above $74 today, surging over 24% in the last 24 hours. We are seeing massive on chain wallet movements and serious exchange outflows, which historically points to heavy whale accumulation. While everyone is distracted by the newest shiny altcoins, the OG proof of work coins are quietly printing some of the most solid technical breakouts on the board. A clean weekly close above this level could get very interesting. $LTC
Not financial advice. DYOR and trade at your own risk.