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Shiba Inu and Litecoin Show Signs of Recovery Amidst Altcoin Correction

Altcoins, including Shiba Inu (SHIB) and Litecoin (LTC), have faced correction this month alongside Bitcoin, but there are signs of recovery. Despite the Shibarium launch experiencing major issues, over 2 trillion SHIB tokens have been withdrawn from exchange wallets in the past week, potentially leading to a supply squeeze and impacting SHIB's price.

However, the market demand for SHIB remains neutral, with a decrease in daily active addresses observed. Meanwhile, Litecoin has attained stable support after its correction post-halving, with 215,000 addresses buying 3.81 million LTC in the price range of $63.22 to $65.19, potentially leading to a rebound to $75.

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