• Litecoin (LTC) long-term holders have been exiting their positions and selling their tokens due to bearish forces in the market.
• Investors are doubling down on their Pomerdoge (POMD) investments as its presale phase presents an early opportunity to get involved in the project.
• Data reveals that Litecoin has recently encountered a phase of bearish pressure, which has negatively impacted its market performance.
Litecoin (LTC) Long-Term Holders Exiting
Data shows that long-term Litecoin holders have been exiting their positions and selling their tokens due to bearish forces in the market. Currently, Litecoin is experiencing a significant recovery over the past 24 hours, increasing by about 2.13% within the last 24 hours to reach $84.07. A bearish reversal may be over if Litecoin drops below the bearish channel pattern at $80, potentially leading sellers to drive the token down to the pivotal support level of $75.
Pomerdoge (POMD) Investors Double Down
Investors are increasing their Pomerdoge (POMD) holdings by doubling down on their investments as its ongoing presale phase presents investors with an early opportunity to get involved in the project. The memecoin holds tangible real-world utility and has sparked significant enthusiasm within the crypto community, attracting a substantial influx of investors looking for an opportunity for growth potential.
Data Shows Shift In Crypto Ecosystems
According to on-chain data, there has been a notable shift in both the Litecoin (LTC) and Pomerdoge (POMD) ecosystems as long-term holders exit from LTC and double down on POMD investments respectively. This shift was before LTC’s halving which took place last week and indicates investor sentiment towards different projects in this sector.
Bulls Shatter Consolidation Barrier At $83
Bulls were able to shatter Litecoin’s consolidation barrier at $83 despite attempts by bears to breach it, potentially propelling prices towards a critical resistance point at $95 if sustained successfully. On the other hand, a successful descent would lead sellers towards crucial support levels such as $75 or lower if breached again after recovery efforts fail once more..
At present, it appears that investors are taking advantage of opportunities presented by projects such as Pomerdoge while wary of risks associated with other coins such as Litecoin – making decisions based on current market conditions while adapting strategies accordingly with data insights provided by platforms like IntoTheBlock amongst others when making purchasing decisions or seeking potential returns from cryptocurrency holdings overall..