Litecoin is trading at approximately $85, poised for a potential breakout as it consolidates within a multi-year symmetrical triangle. Analysts suggest that the cryptocurrency is nearing a critical point that could lead to significant price movement.
The adoption of Litecoin's privacy-focused MimbleWimble Extension Blocks (MWEB) has reached 347,396 LTC, reflecting increased interest in its privacy features. Additionally, Litecoin's network value is reportedly rising faster than Bitcoin's, with potential for a structural rerating if exchange-traded fund (ETF) catalysts align.
Litecoin Approaches Breakout as MWEB Adoption Surges
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