Litecoin shows a positive trend with a 4% increase and over a 31% surge in trading volume.
Overview of Litecoin
As of the time of writing, Litecoin (LTC) trades around $88, opening the day at $84.15. During the day, the asset reached a high of $90.88, breaking through a significant resistance level at $89.77.
Trading Dynamics of LTC
The daily trading volume for Litecoin increased by 31.93%, reaching $509 million. According to Coinglass, $1.22 million worth of Litecoin has been liquidated.
LTC's Market Prospects
The four-hour price chart of Litecoin indicates positive momentum. If the asset surpasses the $89.78 level, it could approach $100. However, there is also the potential for a return to the support level at $87.11. If this support is broken, the price could fall back to $84.
Amid mixed signals in the crypto market, Litecoin continues to display positive trends, and its future movements will depend on overcoming key resistance levels.
