Litecoin has recently experienced a considerable price increase, attracting the attention of traders. Empire Head Coach Matt Foyle capitalized on this surge, achieving a remarkable 1040% profit. Utilizing an advanced harmonic trading strategy, Foyle purchased Litecoin at $84.22 and sold it at $128.10, executing this trade with a 20x leverage, which resonated widely among traders.
The Impact of Litecoin’s Rise on the Market
Litecoin drew significant attention with its performance in November. Foyle’s successful trade not only increased Litecoin’s popularity but also rekindled traders’ interest. After dropping to around $60 prior to elections, Litecoin subsequently surged by 123%, leading to a substantial rise in spot trading volume.
The rise of Litecoin coincided with heightened activity in cryptocurrency exchanges during November. The crypto trading volume peaked at $2.9 trillion, the highest in three years. This movement, termed the “Trump Pump,” highlighted the growing interest of ETFs and individual traders in the market. While Bitcoin
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