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In a new post on X, the on-chain analytics firm Santiment has discussed about how the underlying metrics of Litecoin have looked during the latest surge in its price. There are two indicators of ITB’s latest data depicts a rising search trend for Litecoin amidst what experts consider the longest bear market in the history of the crypto industry. In fact, its price spikes in Short-term Litecoin holders increased their holdings by 31% over the past month. Indicators show Litecoin may be oversold, suggesting a potential price rebound. Because Litecoin’s price action surged back up by around 28% on the same day, the volume rise was unmistakably optimistic. It’s interesting to note that the price reached Most Litecoin spent volume comes from holders who’ve kept their LTC for less than three month, leading to high market volatility. A notable spike in selling from 1-3 Litecoin was among the few coins that flashed recovery signs on Thursday morning as Bitcoin rebounded from $29K. Although there was room for more price growth on Litecoin could easily be headed for another retest of its 3-month support near the $97 price zone. It has so far demonstrated strong support within this level. A dip below this key support could Litecoin social volume just broke a 3-month high on 5,459 social posts today (and still climbing). View all social metrics with a free account on According to market and on-chain research by Santiment, the ongoing Litecoin price bullish breakout is majorly attributed to rising demand from both retail and

Litecoin Social Mentions Spike to 3-Month High: Can Price Head to $73?

Litecoin (LTC) is experiencing a surge in social media attention, with Litecoin social volume just broke a 3-month high on 5,459 social posts today (and still climbing). Is this increased buzz a precursor to a significant price increase, potentially driving LTC toward $73?

Several factors point towards a potential bullish trend for Litecoin. In a new post on X, the on-chain analytics firm Santiment has discussed about how the underlying metrics of Litecoin have looked during the latest surge in its price. According to market and on-chain research by Santiment, the ongoing Litecoin price bullish breakout is majorly attributed to rising demand from both retail and institutional investors.

Rising Search Interest and Holder Activity Fuel Optimism

ITB’s latest data depicts a rising search trend for Litecoin amidst what experts consider the longest bear market in the history of the crypto industry. This indicates a renewed interest in LTC despite the challenging market conditions. Furthermore, Short-term Litecoin holders increased their holdings by 31% over the past month, signaling growing confidence in the cryptocurrency's short-term potential.

The recent price action reinforces this positive outlook. Because Litecoin’s price action surged back up by around 28% on the same day, the volume rise was unmistakably optimistic. Litecoin was among the few coins that flashed recovery signs on Thursday morning as Bitcoin rebounded from $29K.

Potential Price Targets and Key Support Levels

While a target of $73 is within reach, several key levels need to be considered. It’s interesting to note that the price reached levels not seen in months, demonstrating significant momentum. The increased selling pressure from certain holder groups should also be taken into account. A notable spike in selling from 1-3-month holders could introduce volatility. Most Litecoin spent volume comes from holders who’ve kept their LTC for less than three month, leading to high market volatility.

Conversely, technical analysis suggests a potential rebound. Indicators show Litecoin may be oversold, suggesting a potential price rebound. Although there was room for more price growth on Litecoin could easily be headed for another retest of its 3-month support near the $97 price zone. It has so far demonstrated strong support within this level. A dip below this key support could indicate a bearish reversal. Therefore, monitoring this support level is crucial for determining future price movements.

View all social metrics with a free account on [Analytics Platform - Insert Link Here] to stay updated on Litecoin's social sentiment and potential price fluctuations.

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