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.
莱特币（加密货币：LTC）在最近几周经历了持续的低迷，但一家著名的加密货币分析公司预计，受比特币（加密货币：BTC）启发的代币的情绪将转为看涨。
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.
发生了什么：根据周一的X帖子，Santiment指出，莱特币的市值较4月份的峰值大幅下降了36％。令人惊讶的是，在这段时间内，小型交易者或持有0.1至1 LTC的钱包继续增加。
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.
但是，在一个戏剧性的发展中，上述群组中的钱包总数下降了45,200，这表明小交易者终于向工作量证明加密货币投降了。
"Small fish impatiently 'jumping ship' is often a turnaround sign for an asset to begin turning bullish once again," Santiment added.
桑蒂门特补充说：“小鱼不耐烦地'跳船'通常是资产再次开始看涨的转机信号。”
️ 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
️ 莱特币一直没有点燃社交论坛，其市值自4月1日达到峰值以来下降了-36％。4.52万净0.1-1莱特币钱包的突然清算表明小交易者终于投降了OG加密资产。小鱼不耐烦... 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."
为何重要：莱特币是从比特币中分叉出来的，是市场上最早的山寨币之一，通常被称为 “白银与比特币的黄金”。
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.
除比特币外，莱特币是为数不多的逃避美国监管机构 “安全” 调查的加密货币之一。根据全球最大的加密支付服务提供商BitPay的说法，它也是最常用的支付加密货币。
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%.
但是，这些基本优势未能显著提高加密货币的市场估值。截至撰写本文时，莱特币是为数不多的市值为数十亿美元的代币之一，年初至今亏损总额为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，比特币飙升了48％，而以太坊（加密货币：ETH）和索拉纳（加密货币：SOL）分别增长了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.
尽管当前市场低迷，但Santiment的分析表明，莱特币可能处于转机边缘。对于投资者和交易者来说，这可能是未来几周值得关注的关键事态发展。
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.
价格走势：根据Benzinga Pro的数据，莱特币在发布时交易价格为80.97美元，在过去24小时内小幅下跌0.19％。
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Photo courtesy: Shutterstock
照片来源：Shutterstock