Litecoin's price has been on the rise recently, recovering from losses in mid-March and nearing the $100 mark. Currently trading around $95, Litecoin is performing well among other cryptocurrencies. The rally has boosted confidence in the token, evident in the Reserve Risk metric, which shows that holding Litecoin is beneficial due to high investor confidence. The Relative Strength Index (RSI) also indicates the potential for further price increases, with Litecoin not yet being overbought but possibly preparing for an upward movement.

The recent increase in price has seen Litecoin establish the 61.8% Fibonacci retracement level as support, with $93 acting as a base for a bullish run. The next major resistance is expected at $102, and breaking this barrier could propel Litecoin past $100. However, investors need to remain cautious as long-term holders may be looking to sell, as indicated by liveliness metrics.

Overall, Litecoin's price surge is driven by factors such as investor confidence, technical indicators like the RSI, and support levels turning into bases for upward movements.