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