Litecoin bulls watch $60–$65 support as ONDO cools after parabolic run
Litecoin and ONDO have slipped into corrective territory after sharp early‑January gains, with lower highs, fading volumes, and stretched valuations forcing traders to reassess entries and focus on projects with clearer supply, timelines, and real product usage.
- Litecoin’s chart has flipped from recovery to downtrend, with a sequence of lower highs and lower lows plus shrinking volume signaling weaker dip‑buying interest and a possible test of nearby support.
- ONDO, tied to tokenized real‑world assets, looks extended versus short‑term demand after a rapid surge, with reduced buying strength and waning follow‑through suggesting a consolidation or retrace to prior support zones.
- The rotation reflects a broader altcoin filter: capital is rotating toward projects with clear roadmaps, contracting or well‑defined supply, and live products, while momentum names that ran too far too fast face mean reversion
Litecoin and ONDO have entered corrective territory following strong performance earlier this month, according to market data, prompting investors to reevaluate cryptocurrency investment strategies.
Litecoin technical structure
Litecoin’s (LTC) technical structure has deteriorated since early January, with a sequence of lower highs and lower lows replacing the earlier recovery pattern, according to technical analysts. Trading volume has declined sharply in recent sessions, reflecting reduced buyer activity.
Analysts have identified nearby support regions as potential areas of interest if downside pressure continues, according to market commentary. The asset’s momentum has cooled as traders shift focus to alternative opportunities.
ONDO, a token associated with tokenized real-world assets, experienced a rapid surge that left its price extended relative to short-term demand, according to market observers. Recent trading sessions show reduced buying strength, declining volumes, and limited follow-through.
The token appears to be entering a consolidation phase as early momentum traders exit positions, according to technical analysis. Market analysts note that retracement to prior support levels typically occurs following strong upward movements.
The current market rotation reflects a broader shift in trader evaluation criteria, according to industry observers. Factors including sustainability, utility, and supply dynamics are playing an increasingly significant role in capital allocation decisions, market analysts stated.
Projects with defined timelines, contracting supply, and operational products are attracting renewed investor attention as the altcoin market adjusts, according to market participants.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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