Litecoin (LTC) has maintained its critical $100 support level, even as traders deployed $10 million in leverage, signaling confidence in the cryptocurrency’s stability. The increased use of leverage reflects heightened market activity and investor optimism despite broader market volatility.
Source – FXStreet
This surge in leveraged positions could intensify price movements if the support level fails. However, Litecoin’s resilience at the $100 mark suggests robust buyer interest, positioning it as a focal point for short-term traders. Analysts warn that while leverage enhances potential gains, it also amplifies risks, making LTC’s performance a bellwether for market sentiment.
