Litecoin, Avalanche and Terra – European Wrap 8 February

Litecoin price has witnessed a massive rally over the past week as the crypto markets flip bullish. This sudden optimism is due to the recent uptick in buying pressure seen among BTC holders. LTC, on the other hand, faces a decisive moment that could help it multiply its recent gains.

AVAX price has taken multiple breathers over the past week, which has resulted in an exponential move. However, the uptrend is at risk of a U-turn as Avalanche faces two hurdles. 

AVAX/USDT 4-hour chart

Terra price has witnessed five consecutive green candlesticks since February 3, signaling a surge in bullish momentum. The February 8 candlestick seems to be breaking the streak, however, hinting at a potential retracement before a new leg-up.

LUNA/USDT 1-day chart