Litecoin shows signs of recovery at the beginning of August, indicating bullish momentum and rising buyer confidence.
Litecoin Price Recovery
The current price of Litecoin stands at $107.77, up 1.79% in the last 24 hours. The market cap has reached $8.14 billion. A recent rise of 16.19% in trading volume indicates increasing buyer confidence.
Active Litecoin Addresses
On-chain fundamentals show that over the last 24 hours, the number of active Litecoin addresses has surpassed 402k, reflecting growing user numbers. This uptick in daily activity suggests that real-world adoption of Litecoin is increasing.
Litecoin Price Analysis
Litecoin's price is currently hovering just above the key support level of $107.20. A clean move past this level could open the door to the $108.80–$110.70 resistance band. The 4-hour chart shows an RSI steadily climbing from the oversold territory at 45.90.
Given the current trends, Litecoin has the potential for further growth if it can break through key resistance levels.
