This Bitcoin Offshoot Could Turn Bullish Again Despite Continued Losses, Says Analytics Firm: 'Small Fish Impatiently Jumping Ship Is Often A Turnaround Sign'
This Bitcoin Offshoot Could Turn Bullish Again Despite Continued Losses, Says Analytics Firm: 'Small Fish Impatiently Jumping Ship Is Often A Turnaround Sign'
Litecoin (CRYPTO: LTC) has witnessed an extended downturn in recent weeks, but a prominent cryptocurrency analytics firm anticipated the sentiment to turn bullish for the Bitcoin (CRYPTO: BTC)-inspired token.
萊特幣（CRYPTO: LTC）近幾周經歷了持續的下跌，但一家知名的加密貨幣分析公司預計，受比特幣（CRYPTO: BTC）啓發的代幣的情緒將轉爲看好。
What Happened: According to an X post on Monday, Santiment noted a substantial 36% decline in Litecoin's market value from its April peak. Surprisingly, small traders, or wallets holding between 0.1 and 1 LTC, continued to increase during this time.
具體情況如下：根據週一的一篇帖子，Santiment指出，萊特幣的市值從4月份的峯值下降了36%。令人驚訝的是，在此期間，持有0.1到1個LTC的小型交易者或錢包繼續增加。
However, in a dramatic development, the total number of wallets in the aforementioned cohort plunged by 45,200, indicating that small traders were finally capitulating on the proof-of-work cryptocurrency.
然而，戲劇性的是，上述群體中的錢包總數下降了45,200個，表明小型交易者最終對這種工作量證明的加密貨幣失去了信心。
"Small fish impatiently 'jumping ship' is often a turnaround sign for an asset to begin turning bullish once again," Santiment added.
Santiment補充道：「小魚急於'離船'通常是一個資產再次開始看好的轉折跡象。」
️ Litecoin has not been lighting social forums on fire with its market value dropping -36% since its April 1st peak. A sudden liquidation of 45.2K net 0.1-1 LTC wallets indicate that small traders are finally capitulating out of the OG crypto asset. Small fish impatiently... pic.twitter.com/qiZ9B72eG6
— Santiment (@santimentfeed) August 27, 2024
萊特幣的市值自4月1日以來下跌了36％，並沒有在社交論壇上引起激烈討論。45200個0.1-1 LTC錢包的突然清算表明，小型交易者終於放棄了這一原始加密貨幣資產。小魚們不耐煩...pic.twitter.com/qiZ9B72eG6
— Santiment (@santimentfeed) 2024年8月27日
Why It Matters: Forked out of Bitcoin, Litecoin was one of the earliest altcoins on the market, and is often dubbed "the silver to Bitcoin's gold."
爲什麼這很重要：作爲比特幣的分叉，萊特幣是市場上最早的替代幣之一，通常被稱爲「比特幣的白銀」。
Aside from Bitcoin, Litecoin is one of the few cryptocurrencies that have evaded a "security" probe by U.S. regulators. It's also the most used cryptocurrency for payments, according to the world's largest crypto payment service provider, BitPay.
除了比特幣外，萊特幣是少數幾種避免受到美國監管機構「安全性」審查的加密貨幣之一。根據全球最大的加密貨幣支付服務提供商BitPay的數據，它也是最常用於支付的加密貨幣。
However, these fundamental advantages have failed to significantly boost the cryptocurrency's market valuation. As of this writing, Litecoin was one of the few billion-dollar capitalization tokens with year-to-date losses, totaling 13%.
然而，這些基本優勢未能顯著推動加密貨幣的市場估值。截至目前，萊特幣是少數市值十億美元的代幣之一，今年累計虧損達到13%。
In contrast, Bitcoin has surged 48%, while Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) have grown 17% and 54%, respectively.
相比之下，比特幣上漲了48%，而以太幣（CRYPTO: ETH）和solana（CRYPTO: SOL）分別增長了17%和54%。
Despite the current market downturn, Santiment's analysis suggests that Litecoin could be on the verge of a turnaround. This could be a crucial development for investors and traders to watch in the coming weeks.
儘管目前市場低迷，但Santiment的分析表明，萊特幣可能處於轉機的邊緣。這對投資者和交易者來說可能是一個關鍵的發展，值得在未來幾周觀察。
Price Action: Litecoin was exchanging hands at $80.97 at the time of publication, falling marginally by 0.19% in the last 24 hours, according to data from Benzinga Pro.
價格波動：根據Benzinga Pro的數據，萊特幣在出版時以80.97美元交易，過去24小時略有下跌，下跌0.19%。
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Photo courtesy: Shutterstock
圖片來源：shutterstock
譯文內容由第三人軟體翻譯。