Litecoin Price Rebounds, Closing in on $100 as Network Activity Rises

Litecoin is back in the spotlight after a strong rebound lifted its price above $93, gaining more than 7% in the past 24 hours.

Key Takeaways:

• Litecoin surged 7% in 24 hours to trade above $93.
• Daily trading volume jumped to over $800 million.
• Network hashrate climbed 8.5% while transactions topped 188K.
• Canary Capital launched LTCC, offering institutional exposure to Litecoin.
• Analysts expect a breakout after years of consolidation near long-term resistance.

The move comes amid a jump in on-chain activity, improving mining metrics, and renewed institutional attention highlighting Litecoins decade-long reliability.

The cryptocurrency now holds a market capitalization of roughly $7.15 billion, ranking it 21st among major digital assets. Trading volume also spiked to over $800 million in the past day, indicating renewed enthusiasm among traders following weeks of consolidation.

Technical Indicators Point to Recovery Momentum

On the daily chart, Litecoin (LTC) has broken above short-term resistance, showing bullish momentum as indicators begin to shift. The RSI has climbed toward 47, hinting at improving sentiment, while the MACD shows signs of convergence after a prolonged bearish phase.

Price action suggests that Litecoin could be preparing for another attempt to reclaim the $100 psychological level, with the next major resistance near $110. Analysts note that the asset has held its ascending trendline for months despite broader market volatility.

On-Chain Health Signals Strength

Network data paints an equally optimistic picture. Over the last 24 hours, Litecoin processed approximately 188,700 transactions while its hashrate surged 8.5% to 3.48 Ph/s — evidence of increased miner participation. Mining difficulty also remains elevated at around 118 million, reflecting sustained network security and competitiveness.

These metrics underscore Litecoins resilience as one of the oldest continuously operating blockchains, maintaining uninterrupted uptime for more than 12 years.

Institutional Interest Rekindles Optimism

Adding to the bullish tone, Canary Capital recently unveiled LTCC, a new product designed to offer exposure to Litecoins ecosystem. The fund described Litecoin as a “cornerstone of decentralized infrastructure,” praising its four-times-faster block times compared to Bitcoin and its proven security record.

Announcing LTCC, offering exposure to Litecoin- a network known for its speed, efficiency, and consistency.

– 4x faster block times than Bitcoin

– Over 12 years of uninterrupted uptime

– Proven security and open-source transparency

Such endorsements signal a growing recognition of Litecoin‘s enduring role as a reliable digital payment network, often referred to as “digital silver” to Bitcoin’s “digital gold.”

Analysts Predict a Major Breakout Ahead

Market analyst Elite Crypto noted that Litecoin has been testing the same resistance zone for nearly four years and is currently trading within a long-term ascending structure. According to the analyst, prolonged consolidation phases like this often precede explosive breakouts.

“This might be the year Litecoin finally breaks its resistance,” they said, suggesting that a decisive move could send LTC sharply higher.

$LTC has been testing the same resistance for nearly 4 years without a clean breakout but holding strong within a long term ascending structure

If this scenario plays out, a clean breakout above the multi-year barrier could reignite a broader rally for Litecoin and potentially push the coin back toward its previous highs.

Alexander Zdravkov is a person who always looks for the logic behind things. He has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.