A key reason why Litecoin [LTC] holders should be wary is

Litecoin beat other top cryptos to register the most gains in the last 24 hours The latest rally is less likely to be sustained considering unimpressive circulation and possible sell-offs Litecoin LTC recorded the highest gains in the last 24 hours out of the market's top-20 cryptos.

Timeline of Litecoin

 The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Litecoin's recent bullish engulfing candlestick aided the buyers in reclaiming the near-term edge The crypto marked a downtrend in its development activity while it MVRV turned positive Litecoin's [LTC] recent rebound from its trendline resistance

Litecoin rallied to a one-week high on Friday, as the token rose for a second consecutive session. The move saw prices climb by close to 8% earlier in the day, and comes as crypto markets mostly traded higher. Uniswap also gained, rebounding from recent losses.

Litecoin price analysis shows a bullish trend as the coin has recovered from its intraday low of $59.25 to reach a new high of $63.37. However, this level has acted as resistance for LTC and prices have pulled back below $63.00.

After staying quiet for a long time, Litecoin (LTC) has finally woken up, taking the top spot on CoinMarketCap's gainer list, rising 8% in 24 hours. The post Are Litecoin Whales Preparing for an LTC Price Rally in 2023?

 LTC's price shows bullish signs as price holds above its range channel showing signs to rally high as FTX fiascos continue.   LTC's price trades above $60 with the market's current state, as things look uncertain for most traders and investors.

Litecoin price analysis suggests a downward movement to $54 The closest support level lies at 57.50 LTC faces resistance at the $60.00 mark The Litecoin price analysis shows that the LTC price action was rejected at the $60.00 level and has moved down toward the $56.00 support level.

Litecoin price analysis is revealing a bearish trend for today as a further decrease in price has been observed. LTC prices are down by almost 2.18% in the last 24 hours and are currently trading at the $57.33 mark.

Litecoin (LTC) price has declined but managed to hold above the 50-day moving average line. It is now capped between the moving averages. The 21-day line SMA is currently being retested or breached by Litecoin, which price is rising.

Litecoin's hash rate improves, miner fees continue to grow Market cap dominance continues to improve Even though Bitcoin miners continue to suffer from FUD, the same couldn't be said for Litecoin [LTC] as it witnessed an improvement. According to a recent tweet made by Litecoin on 13 November, its hash rate was at 535.6 TH/s.

Litecoin price analysis shows that the market for this cryptocurrency has been in a downtrend over the past few hours. The price level is currently facing rejection at $60.82, and heavy selling pressure is limiting any upward momentum.