Litecoin (LTC) Price Eyes $100 As On-Chain Volume Hits $4 Billion?

After experiencing a serious setback in the course of the first half of “Uptober,” the cryptocurrency market has regained momentum, with blue chip tokens breaking by means of their key resistance stage this week. Then again, Litecoin value has reached its highest level in July.

Are you one of many many who plan to spend money on Litecoin however are apprehensive about its prospects? On this article, we mentioned the market sentiments, on-chain information, and potential near-term value targets of the Litecoin (LTC) crypto token.

LTC Worth Breaks Its Resistance Trendline!

After buying and selling inside an ascending channel sample since August, this altcoin has efficiently regained its momentum by breaking out of its resistance trendline throughout early Asian buying and selling hours.

Moreover, this altcoin is presently listed available on the market with a price ticket of $75.34 and is experiencing an intraday leap of 4.52% with a buying and selling quantity of $337.43 million. Moreover, the inventory has risen 13.27% over the previous week and 15.56% over the previous 30 days.

Litecoin Exercise Information 16-Month Excessive, Exceeds $4 Billion!

Amid the elevated volatility, Litecoin has witnessed an enormous improve in exercise. Notably, intraday buying and selling quantity has reached a 16-month excessive of $4 billion.

Moreover, with the introduction of latest insurance policies and rising adoption by the ecosystem, Litecoin continues to achieve important reputation. Then again, it has efficiently crossed the $70 mark and is now getting ready to retest its $100 goal value.

Will LTC Worth claw again $100 this fourth quarter?

If the market bulls proceed to dominate the crypto house, Litecoin value might retest its USD 78.80 resistance stage. Sustaining the value above that stage might pave the way in which for a value to succeed in the very best resistance stage of $90.75 within the close to future.

Conversely, if a bearish reversal happens, the value of the LTC coin might fall in direction of the help stage at $67.40. Furthermore, if the bears outrun the bulls, this altcoin might transfer in direction of the supporting trendline of the channel sample.

Questioning when this altcoin will hit a brand new all-time excessive? Learn our Litecoin (LTC) value prediction 2024 – 2030!