LTC’s price moved marginally over the last 24 hours.
Litecoin faced massive liquidation near the $77.8 mark.
Litecoin’s [LTC] price is resting at a key level that could cause a price rally as 2024 starts. Therefore, AMBCrypto examined LTC’s on-chain data to better understand whether investors should expect a bull run.
Is Litecoin expecting a bull rally?
According to CoinMarketCap , Litecoin’s price action took a somewhat sideways path, as its price moved marginally in the last 24 hours.
At the time of writing, LTC was trading at $72.52 with a market capitalization of over $5.3 billion, making it the 18th largest crypto. However, if the latest dataset is to be considered, the trend might change as it suggests a price uptick.
As per the tweet, January seemed like a great time for Litecoin to start moving towards its network value model. The coin’s price was at a point where, historically, LTC had begun promising bull rallies.
January seems like a great time for litecoin to start moving towards its network value model. Litecoin price now at the apex of this triangle. The last two times this happened litecoin entered into the bull market phase. $LTC #Litecoin pic.twitter.com/0UYHxd2klv
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