The post Capitulation or Comeback? Litecoin Holds $63.37 After Mass Wallet Liquidation appeared first on Coinpedia Fintech News
Litecoin struggles to keep a hold over its smaller investors in a volatile market. As these holders in Litecoin take a mass exit, triggering a massive liquidation. With 45.2K wallets holding 0.1-1 LTC exiting in just 24 hours, marks the largest drop since October 2022.
With LTC trading at $63.37, at a minor recovery of 0.56%, the crypto attempts a recovery from the 5.40% drop over the past two days. While, small traders’ capitulation signals a spike in fear, uncertainty, and doubt (FUD). However, the exit of smallholders potentially set the stage for a bullish reversal.