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#数字资产市场动态 LTC this wave of decline is really quite fierce🤬 Funds are continuously fleeing, and the core issue is very clear—Litecoin lacks narrative support, its ecosystem development can't keep up with new forces like Solana, and DeFi and NFT applications are too weak. Coupled with its high correlation with Bitcoin, when mainstream funds shrink, LTC is pushed down along with it.
The technical situation is also not optimistic. Multiple moving averages have been broken, the weekly momentum indicator is clearly bearish, and currently, the $75-$78 range can hold for a while. But if this support is broken, there may be an accelerated bottoming process. Many are betting on whether it will directly drop into double digits🤔
In the short term, focus on the performance of $BNB and $DASH; other coins still have a chance to continue their upward push. The market is still in a tug-of-war stage.