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Older, more established altcoins are likely to be the focus of institutional interest and investment, Maen Ftouni told Cointelegraph.
💡 DMK Insight
With LTC currently at $95.18, institutional interest in established altcoins could signal a shift in market dynamics. This trend suggests that traders should keep a close eye on LTC and similar assets, as institutional buying can lead to increased volatility and price appreciation. If LTC breaks above key resistance levels, it might attract even more attention, pushing prices higher. Conversely, if it fails to hold above current levels, we could see a pullback that might shake out weaker hands. Institutions typically look for stability and growth potential, so their focus on LTC could indicate a broader bullish sentiment in the altcoin market. Watch for any significant volume spikes or news that could catalyze further movement in LTC and related assets, as these could provide actionable trading opportunities.
📮 Takeaway
Monitor LTC closely; a break above $100 could trigger significant institutional buying, while a drop below $90 might signal a bearish reversal.
