Litcoin and Mantra held a rally in double digits this week. Technical and on-chain analysis shows that two ultcoins are ready for further benefits next week. Bitcoin’s flash crash under $ 100,000 and a return above $ 104,000 has promoted optimism among crypto traders.
The US macroeconomic data release, technical stock and equity performance, and the major market movements for development bitcoins in Artificial Intelligence. Altcoins such as LTC and Om follow bitcoins closely because the correlation remains high.
Litcoin and mantra can increase benefits, technical analysis shows
Technical analysis supports benefits in LTC and OM on the daily deadline. Mantra (OM) consolidated a range-bound manner for several weeks between December and January. Om was out of the range between $ 4.5352 and $ 3.1730.
At the time of writing, on Friday, OM trades at $ 5.6263, which is close to its $ 5.9500 high -time high in the tradingview chart below.
On the daily time frame, OM formed a support area between $ 4.443 and $ 4.069. It is a major imbalance area and an improvement can see the mantra bouncing from this limit.
The two major technical indicators, the relative power index and the moving average convergence deviation indicators support a fast thesis for the OM. RSI 76 reads and is molding upwards. While it usually produces a sales signal, when the green histogram of the MACD above the neutral line is combined with bars, it highlights the positive motion in the OM price trend.
OM’s all-time high retest is likely to be next week if the token maintains its top speed.
LiteCoin was integrated within the upper and lower boundaries of the border at $ 129.11 and $ 92.57. LTC abolished its consolidation and dropped out of the support area, which was less than 8% under the summit of 2025 $ 141.22.
LiteCoin trades at $ 131.64 at the time of writing in early Friday.
LTC/USDT daily price charts show an imbalance area between $ 102.57 and $ 114.04, two major levels for LiteCoin in the condition of improvement in Altcoin.
RSI and MACDs show the positive speed in the price trend of litcoin. The RSI 61 reads and is molding upwards and the MACD shows a green histogram bar above the neutral line.
Traders need to re -test 2025 peaks and attempts to rally a high $ 147.06 of 2024.
On-chain analysis supports bullish thesis
The Sentimen Metrix highlights the increasing relevance and demand of Litcoin among traders this week. The total open interest in derivative exchanges at LTC climbed to about $ 420 million on 30 January, marked a spike in the chart below.
According to the data from the Sentment, the total number of LTC holders has rose continuously between December 2 to January 31. On Friday, the metric climbed to 8.13 million.
The number of active addresses remains above an average of 2024, and the total funding rates collected by the LTC are read positively, meaning that derivative traders maintain rapid bias on litcoin.
In the case of mantra (OM), the total amount of holders is gradually climbing, reaching around 44,000 on Friday. Major matrix such as funding rates show a rapid bias and a positive value for about two weeks, which confirms the relevance of the token and the demand in the derivative market.
The network realized that profit/loss metric is used, which is used to track the net profit/loss of all tokens on a given day, shows many positive spikes in January Is, which indicates to take advantage. Traders need to look for large positive spikes, as traders will have large amounts of sale to reduce their portfolio, and consequently may improve OM price.
The total open interest in OM hit its highest level above $ 348 million on 30 January.
Market Movers Litcoin and Mantra push high
Expectation of approval of Litcoin Exchange Traded Fund in the US is one of the major market movements that increased the price of LTC this week. As SEC officially accepts 19 B -4 filing from Canary Capital for a spot Litcoin ETF, traders expect an approval.
Usually a spot ETF approval generates demand and interest among institutional investors and large wallet traders. Events in ETFs may fuel to proceed to Litcoin next week.
Eric Balchunas, Bloomberg Intelligence Analyst commented on development in a tweet on X:
The Damac Group, a recent announcement of the mantra about partnership with a real estate legend, is a major market proposer for Om tokens this week to tokens assets on their series. Mantra co-founder and CEO JP Mulin said,
“This partnership with the DAMAC group is a support for the RWA industry. We are thrilled to partner with the leaders of leaders who share our ambitions and see incredible opportunities to bring traditional financing opportunities on the series. ,
Other major market proposer is the recovery of bitcoin from flash crash under $ 100,000 on Monday. The relationship between token and bitcoin remains relatively high, supporting their benefits.
Bitcoin catalyzed rally in Litcoin and Mantra
The three -month correlation between bitcoin and litcoin is 0.84, and 0.87 between bitcoin and mantra. Relatively high correlation suggests that the trend of bitcoin priced affects the prices of LTC and OM, so further benefits in BTC can be pushed over property.
A flash accident in bitcoin can push traders on the edge as the BTC can pull out corporate assets with it, erasing millions of dollars in market capitalization. The US macroeconomic release, the US -based technical stock and the movement of equity and institutional investor activity usually affected bitcoin value.
LTC and OM holders need to see a daily value of bitcoin to predict sudden movements in two altcoins.
Strategic view
Under the level of $ 100, traders who accumulate LTC may consider taking profits on the percentage of their holdings, at least 30%of improvement in LiteCoin. It is recommended to take advantage of stagnant, while Litcoin range-bound is stable above the consolidation zone.
Merchants with OM acquired under $ 3.87 should ideally consider taking advantage, while altcoin trades above $ 5. When Om is close to $ 4 and can wait for an all-time high-test at $ 5.95 before taking profits, sidelized buyers can enter.
Disclosure: This article does not represent investment advice. The materials and materials painted on this page are only for educational purposes.
