Litecoin (LTC) token has its moment as network activity booms: Crypto Daily
CoinGlass said Litecoin futures open interest topped $500 million as the token broke resistance and traders watched for a move through $75.
- On Sep 24, Litecoin surged above $74 after breaking through the $64-$65 resistance area, trading near $74.20 and bucking broader market weakness.
- The Litecoin Foundation attributed the rally to increased economic activity on the network; yesterday, over $1 Billion of value and more than 17 million LTC moved across the network in 24 hours.
- Traders identified a golden cross on the daily chart, a bullish technical signal, while CoinGlass data shows futures open interest above $500 million, indicating substantial outstanding positions.
- CoinGlass three-day liquidation heatmap shows potential leverage bands near $75 and higher toward $77, marking resistance levels traders are monitoring as the rally develops.
- According to CoinDesk, Prices are up 37% this month, the best performance since November 2024, positioning Litecoin for potential further gains if market momentum sustains.
15 Articles
15 Articles
Litecoin price nears $75 as a golden cross tests the strength of its rally
Litecoin price has climbed above $74 after breaking through the $64–$65 resistance area, while a golden cross on the daily chart has given traders another reason to watch whether the rally can clear $75. Litecoin (LTC) price traded near $74.20…
🚨 Litecoin surged above $70 with increased network activity and volume. 📊 Over 17 million LTC moved on the network in the last 24 hours, and spot volume approached $948 million. ⚡ Short liquidations accelerated the rise, with $LTC currently trading in the $72-$75 range. 🧭 In the event of a drop below $70, $68-$69 is a key target, while a stronger pullback could target $64-$66. Read More: Litecoin surged above $70 with increased network activi…
Litecoin (LTC) is breaking out of the behavior of the main cryptocurrencies, with an increase of close to 8% in 24 hours and a monthly advance of 37%, while the economic volume mobilized in its network again gains prominence. The movement arrives at a time especially relevant to Litecoin. While Bitcoin, Ethereum, XRP and Solana show a [...] The Litecoin entry is triggered while the network activity and institutional interest rebounds was first p…
Litecoin Jumps as Network Activity Booms
TL;DR: Litecoin climbed to its highest level since January, outperforming Bitcoin and major altcoins as onchain activity and derivatives interest strengthened. More than $1 billion in Adjusted Economic Value moved across Litecoin in 24 hours, while over 17 million LTC changed hands across the network. LTC gained about 37% in September, broke resistance near $60.60 ...
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