Litecoin Finds Support On Investor's Loose Sofa Cushion
LTC took a dive but forgot the part about going *under* $100.
The digital currency known as Litecoin, often whispered about in hushed tones somewhere between Bitcoin and that forgotten novelty coin from 2017, has once again defied logic. Following what analysts lovingly termed a "breakdown" – which, for the uninitiated, means its value took a bit of a tumble like a toddler on ice – LTC steadfastly clung to its venerable $100 perch. Sources close to absolutely nothing confirm this "support" wasn't from institutional buyers or technological breakthroughs, but rather from the collective lint and spare change found deep within an anonymous investor's sofa cushions. A truly foundational discovery.
Indeed, the market-value-to-realized-value (MVRV ratio), a metric as clear as mud to anyone without a PhD in tea leaf reading, registered a minuscule 12.11%. This figure, we are assured, indicates an "unlikely selling pressure." Which, translated for the common man, means nobody is particularly eager to sell their digital silver – possibly because they’ve forgotten their wallet passwords or, more likely, because the hassle of retrieving coins from beneath the aforementioned upholstery isn't worth the effort for a mere hundred bucks. The cryptocurrency world, ever resilient, continues its grand tradition of finding profound meaning in the utterly mundane.
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Staff Writer
