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The market trends of LTC and BTC have recently shown a close correlation. Currently, LTC is struggling to break through the key resistance level of $147.18, which restricts the formation of its independent market trend. Against the backdrop of BTC market adjustments, LTC's performance often aligns with BTC, and it may even experience a more drastic fall.
The fundamental reason for this phenomenon is that LTC is currently in a sideways market, while BTC is showing characteristics of a bull market. This difference in market environment has led to the different performances of the two cryptocurrencies.
However, the market outlook is not entirely pessimistic. If BTC can break through and stabilize around $130,000, LTC is likely to benefit and show potential for independent growth. In this case, LTC may be able to break free from the current range-bound situation and regain upward momentum.
When investors pay attention to these two cryptocurrencies, they need to closely monitor the interactions between them, while also considering their respective market characteristics and potential breakout points. In the rapidly changing environment of the cryptocurrency market, accurately grasping these factors will help make more informed investment decisions.