Litecoin and Mantra show bullish signs
Litecoin and Mantra gathered in two dual numbers this week. Technical and extremist analysis indicates that two altcoins are ready to make other gains next week. The Bitcoin Flash decreased less than $ 100,000, and its return, which exceeds $ 104,000, has optimistic about encryption traders.
American macroeconomic data, stock performance and technical stocks, and developments in artificial intelligence are the main motors in the market for Bitcoin. Altcoins like Ltc and Ohm Follow Bitcoin closely as the link is still high.
Litecoin and Mantra can extend the gains, and technical analysis appears
Technical analysis supports gains in Ltc And om, on the daily time frame. A talisman (om) in a binding way for several weeks between mid -December and January. The domain broke out between $ 4.5352 and $ 3.1730.
At the time of writing this report, on Friday, om is trading at $ 5.6263, near its highest level at $ 5.9500 as it was noted in the TradingView chart below.
In the daily time frame, Ohm A support zone formed between $ 4.443 and $ 4.069. This is a major defect area and the correction may see a talisman that bounces this range.
Two major technical indicators support the relative power index and the index of spacing average moving rapprochement Ohm. Rsi 76 reads to the top. Although this usually generates a sale signal, when combined with the green graph strips of MACD above the neutral line, it highlights the positive momentum under the direction of the om price.
Re -test om It is possible that the high in all times will be next week if the symbol maintains its upward momentum.
Litecoin It was incorporated into the upper and lower borders of the range at $ 129.11 and 92.57 dollars. LTC ended its unification and erupted from the support area, less than 8 % below its peak 2025 at a value of $ 141.22.
Litecoin is trading at $ 131.64 at the time of writing this report, early on Friday.
The daily price scheme LTC/USDT displays a defect area between 102.57 dollars and $ 114.04, two main levels for Litecoin in a correction state in Altcoin.
RSI and MACD show positive momentum in Litecoin’s Price direction. Rsi 61 reads up and MACD shows green graph tapes over the neutral line.
Traders need to monitor the re -test of the peak of 2025 and try to gather about 2024 above $ 147.06.
The analysis of the series supports a bullish thesis
Santiment standards highlight the increasing importance and demand for Litecoin between merchants this week. Total open interest by exchanging derivatives in Ltc It rose to approximately $ 420 million on January 30, which represents an increase in the graph below.
The total number of LTC holders increased steadily between December 2 and January 31, according to Santiment data. On Friday, the scale rose to 8.13 million.
The number of active headlines is still higher than an average of 2024, and the total financing rates collected by LTC positive reading, which means that derivative dealers maintain a bullish bias on Litecoin.
In the case of a talisman (om), the total amount of its owners climbs slowly, and reached nearly 44,000 on Friday. The main scales such as the financing rate show a bullish bias and a positive value for about two weeks, which confirms the importance of the distinctive symbol in the derivative market.
The network realized that the profit/loss scale used to track net profit/loss for all the symbols that were transferred to the chain on a specific day shows many positive nails in January, indicating the profit. Traders need to monitor large positive screws because this would mean large sales by merchants who reside their portfolio, and this may lead to a om price correction.
The total open interest in OM is its highest level on January 30, above 348 million dollars.
Pay drives on the Litecoin and Mantra market higher
The expectation of the approval of the Litecoin Excination Fund in the United States is one of the main market engines that raised the LTC price this week. Since the Supreme Education Council officially acknowledges the deposit of 19B-4 from the Canary Capital to obtain the Litecoin ETF, merchants hope to obtain approval.
The immediate approval ETF usually generates demand and benefits between institutional investors and adult wallet dealers. ETF developments can support additional gains in Litecoin next week.
Eric Balunas, Bloomberg analyst for intelligence, commented on the development in a tweet on X:
The last Mantra advertisement about a partnership with the DAMAC group, the real estate giant, because the symbolic assets of its series are the main market of Om Tokeen this week. JP Mullin, co -founder and CEO of Mantra, said, said Mantra,
“This partnership with DAMAC GROUP is support for the RWA industry. We are pleased to cooperate with a group of prestigious leaders who share our ambitions and see the amazing opportunities of bringing traditional financing opportunities in the series.”
Another main engine is Bitcoin’s freshness of a break of flash less than $ 100,000 on Monday. The relationship between symbols and bitcoin is still relatively high, which supports their gains.
Bitcoin Rally stimulates in Litecoin and Mantra
The relationship between three months between Bitcoin and Litecoin is 0.84, between Bitcoin and Mantra is 0.87. The relatively high link indicates that the direction of Bitcoin affects the prices of LTC and om, so the additional gains in BTC can push assets up.
Bitcoin flash crashes can pay merchants on the edge, where BTC can withdraw asset assets, giving millions of dollars from the market value. U.S. economic publications, stocks, stocks, stocks, and institutional investor activity in the United States usually affect.
LTC and OM holders need to see the daily price of Bitcoin to predict sudden movements in two altcoins.
Strategic considerations
Traders who have accumulated LTC at the level of $ 100 can think about achieving profits on a percentage of their holdings, at least 30 % before correction in Litecoin. It is recommended to use the amazing profit while Litecoin holds a steady over the range.
Traders who hold OM, who got less than $ 3.87, should perfectly think about achieving overlapping profits while Altcoin trades over $ 5. The accused buyers can enter when om is closer to 4 dollars and is waiting for the highest level to test the highest level at $ 5.95 before achieving profits.
Disclosure: This article does not represent the advice of investment. The content and materials contained on this page are for educational purposes only.
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2025-02-01 11:14:00