Key Takeaways
- Litecoin has taken a 13.6% nosedive in the last 36 hours.
- Despite the significant losses, LTC looks bullish from an on-chain perspective.
- Prices could target $290 as long the $200 support level holds.
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Volatility has taken over the cryptocurrency market, generating over $8 million in liquidations worth of Litecoin positions across the board over the last 24 hours. Regardless, on-chain metrics show that LTC is well-positioned for higher highs.
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