Litecoin (LTC) is poised for a potential price breakout, driven by increased adoption of its MimbleWimble Extension Blocks (MWEB) and rising institutional interest. The MWEB feature, which enhances privacy and utility, is attracting more users and boosting trader confidence. Currently stable around $100, Litecoin's price shows a bullish setup, according to analysts.
The Canary Litecoin ETF has recently seen inflows of 7,000 LTC, indicating growing institutional interest. Analysts suggest that if Litecoin surpasses its current resistance level, it could reach $160, marking a significant price movement for the cryptocurrency.
Litecoin Targets $160 as MWEB Adoption and ETF Inflows Increase
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