Aave

Token

FTX Token

Litecoin

<p>As October nears its end, the market is flashing signs of a pullback, especially for certain <strong>overbought altcoins</strong>. The <strong>MVRV ratios</strong> for several tokens indicate increased selling pressure as investors look to lock in profits. The recent decline from Bitcoin’s $70,000 psychological resistance has revived market-wide selling momentum, contrasting the typically bullish trend seen in Q4. For risk-averse investors, here are three altcoins to consider selling before further corrections set in.</p> 
<p><a href="https://www.qubetics.com/?utm_source=TBJ&amp;utm_medium=postBANNER" target="_blank" rel="noopener nofollow"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-51679 aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/10/Qubetics-is-728x90-1-3.jpg" alt="Analyst Names 3 Altcoins to Sell Before Month-End: Here’s Why = The Bit Journal" width="728" height="90" title="Analyst Names 3 Altcoins to Sell Before Month-End: Here’s Why 37"></a></p> 
<h2 id="top-3-altcoins-to-sell-amid-october-s-market-correction">Top 3 Altcoins to Sell Amid October’s Market Correction</h2> 
<h3 id="ftx-token-ftt">FTX Token (FTT)</h3> 
<p>FTX Token has shown little movement over the past year, with its price hovering at $1.78 and a <strong>market cap</strong> of $584.1 million. According to data from Santiment, FTT’s <strong>365-day MVRV ratio</strong> has spiked into positive territory, now stable at approximately 32%. Such a high MVRV typically suggests the asset is overbought, prompting some investors to take profits. The recent drop from $3.43 to $1.75 aligns with a decrease in MVRV from 101% to 32%, highlighting FTT’s heightened risk of a prolonged downtrend.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-53687" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/10/FTX-Token-FTT-03.png" alt="Analyst Names 3 Altcoins to Sell Before Month-End: Here’s Why = The Bit Journal" width="3840" height="1300" title="Analyst Names 3 Altcoins to Sell Before Month-End: Here’s Why 38"></p> 
<h3 id="litecoin-ltc">Litecoin (LTC)</h3> 
<p>Unlike other altcoins, <a href="https://thebitjournal.com/crypto-revolution-2024-how-qubetics-near-protocol-litecoin-and-filecoin-are-shaping-the-future/" target="_blank" rel="noopener"><strong>Litecoin</strong> </a>has surged over 42% in the past three months, climbing from $49.8 to $70. However, renewed selling pressure around the $76 mark has sparked an 8% pullback, leaving LTC trading at $70.6 with a <strong>market valuation</strong> of $5.3 billion. Its <strong>30-day MVRV ratio</strong> has soared to 24.8%, indicating that short-term investors are in profit and may choose to sell off. This could introduce further price volatility as selling pressure mounts.<img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-53686" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/10/Litecoin-LTC-04.png" alt="Analyst Names 3 Altcoins to Sell Before Month-End: Here’s Why = The Bit Journal" width="3840" height="1300" title="Analyst Names 3 Altcoins to Sell Before Month-End: Here’s Why 39"></p> 
<h3 id="aave-aave">Aave (AAVE)</h3> 
<p>During the latest market adjustment, <strong>Aave</strong> saw a steep pullback, dropping from $165.8 to $141—a 14.8% loss. This bearish movement signals a shift in market sentiment from buying the dips to selling the rallies. Aave’s <strong>90-day MVRV</strong> has climbed to 2.36%, indicating that recent buyers are also in profit, which may lead them to lock in gains, further contributing to selling pressure. While it may be tempting to buy more of these top cryptos in hopes of additional gains, FTX, LTC, and AAVE’s elevated MVRV ratios indicate overbought conditions and a correction risk.<img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-53685" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/10/image_2024-10-26_04-10-40.webp" alt="Analyst Names 3 Altcoins to Sell Before Month-End: Here’s Why = The Bit Journal" width="1444" height="434" title="Analyst Names 3 Altcoins to Sell Before Month-End: Here’s Why 40"></p> 
<p>As always, investors should conduct their research, as highlighted by <strong>The Bit Journal</strong>.</p> 
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Analyst Names 3 Altcoins to Sell Before Month-End: Here’s Why

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The Bit Journal

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