Litecoin (LTC) has demonstrated strength by finding solid support near a multi-month low, leading to a strong rebound after dropping below $80. This positive movement suggests a potential shift in sentiment within the cryptocurrency market.

A notable indicator of this rebound is the increase in active addresses, which have reached a two-month high, indicating higher user engagement often associated with bullish price trends.

Furthermore, Open Interest (OI) data has seen a significant rise, showing a nearly 50% increase to $440 million in just one week. This uptick reflects a more positive market sentiment and signals potential for Litecoin to recover early.

Moreover, the percentage of Litecoin's total supply currently in profit has been steadily rising, hitting 55.6%. This metric suggests room for further price appreciation, as a lower percentage of supply in profit typically indicates growth potential.

Litecoin seems to be consolidating at a consistent support level, attracting significant investor interest. Short-term traders may be eyeing profit-taking opportunities at the $90 and $100 levels, indicating a positive outlook for Litecoin if market uncertainties are addressed.

In terms of technical analysis, Litecoin's support levels are located at $80.07 and $77.27, while resistance is expected at $90.37 and $94.27. These levels will serve as important indicators for assessing Litecoin's future trajectory.

Overall, Litecoin's resilience and recent rebound point to a positive outlook for its performance in the near term, pending any market fluctuations.