Litecoin (LTC) Price Enters Recovery Mode - Will It Reclaim $80 After Fed Meeting?

BeInCrypto
BeInCrypto

18 Sep 2023 12:28 PM

Litecoin price reclaimed $66 after Whales invested $33 million last week. Which way does LTC head after the upcoming Fed rate announcement?...

  • Litecoin (LTC) price has rebounded to $65 after hitting a new low of $58.
  • Whale investors played a significant role in the recent price rebound by buying the dip.
  • However, whale buying pressure has cooled off ahead of the upcoming Federal Open Market Committee (FOMC) meeting.
  • The price recovery has not attracted much attention from retail investors yet.
  • If the Fed holds rates steady, Litecoin whales may start buying again, and retail investors could join in, potentially pushing the price towards $80.

The sentiment in the article is generally positive, highlighting the potential for a price rally if the Fed meeting yields a favorable outcome for the crypto market.

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You May Ask

What was the recent low and high of Litecoin (LTC) price?What role did whale investors play in the recent price rebound?What could trigger a bullish market reaction and lead to Litecoin whales buying again?Why has the recent price recovery not attracted much attention from retail investors?What is the potential target price for Litecoin (LTC) if the upcoming Fed meeting yields a favorable outcome?

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