“Despite Macro Pressure and A Bearish Chart Setup, Litecoin Is Gaining Traffic on the Rollut of A Layer-2 Network and Other Developments.”, – WRITE: www.coindesk.com
is cling to key Technical Support Around $ 89 As A Mix of Fundamental and Macro Developments Shape Its Short-Term Outlook, Accounting To Coindes Desate.
The Cryptocurrency Traded in a Tight Range Over The Last 24 Hours, Testing Lows Near $ 88.92 Before Recovering. Despite Forming a Bearish Head-and-Shoulders Pattern, Volume Support at $ 89 Suggests Buyers Are Stepping In.
This stability comes Amid Broader Market Uncertainty. The CD20 Index of Major Cryptocurrencies Fell AROUND 1% Over the Same Period, Reflection Reduced Risk Appetite As Geoplitical Tensions and A Weakening Us Dollars
Still, Litecoin Is Seeing New Tech Upgrades and Rising Interest.
Lunar Digital Assets Recently Launched Litvm, A Zero-Knowledge Layer-2 Network for Litecoin. Built on Bitcoinos and Polygon’s CDK, The System Introduces Evm-Comopatible Smart Contracts and ALLOWS CROSS-CHINS-CHAIN SWAPS WITH BITCOIN
and Cardano
.
These Features Aim to Boost Litecoin’s Role in Decentralized Finance While Addressing Long-Standing Security Risks Around Blockchain Bridges.
Litecoin Also Continues to See Growing Retail Access. Ig Group Added LTC Among variety of Tokens as it launched Crypto Trading in the UK. It’s Impact, Given the Cryptocurrency’s Scale, is Likely to be Limited if any.
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