Altcoin analysis
Litecoin is back in the spotlight after a strong rebound that sent its price above $93, up more than 7% in the past 24 hours.
- Litecoin rose 7% in 24 hours to trade above $93.
- Daily trading volume soared to more than $800 million.
- The network’s hashrate increased by 8.5% and transactions exceeded 188,000.
- Canary Capital launched LTCC to provide institutional investors with exposure to Litecoin.
- Analysts expect a breakout after years of consolidation near long-term resistance.
The move comes amid a surge in on-chain activity, improved mining metrics, and increased institutional attention. of litecoin 10 years of reliability.
The cryptocurrency currently has a market capitalization of approximately $7.15 billion, ranking 21st among major digital assets. Trading volume in the past day also surged to more than $800 million, indicating renewed enthusiasm among traders after weeks of consolidation.
Technical indicators showing recovery momentum
On the daily chart, Litecoin (LTC) has broken above short-term resistance and is showing bullish momentum as the indicators start to change. The RSI has risen towards 47, suggesting improving sentiment, while the MACD is showing signs of converging after a long bearish phase.
Price action suggests that Litecoin could be preparing for a fresh attempt to regain the psychological level of $100, with the next major resistance level near $110. Analysts note that the asset has maintained an upward trend line for several months despite widespread market volatility.
On-chain health signal strength
Network data paints a similarly optimistic picture. In the past 24 hours, Litecoin processed approximately 188,700 transactions and its hashrate increased by 8.5% to 3.48 Ph/s. This is evidence of increased miner participation. Mining difficulty also remains high at approximately 118 million, reflecting continued network security and competitiveness.
These metrics highlight Litecoin’s resilience as one of the oldest continuously operating blockchains, with over 12 years of uninterrupted uptime.
Institutional interest reignites optimism
Adding to the bullish vibe, Canary Capital recently announced LTCC, a new product designed to provide exposure to the Litecoin ecosystem. The fund described Litecoin as “the foundation of decentralized infrastructure” and praised its four times faster block times and proven security record compared to Bitcoin.
Introducing LTCC, offering exposure to Litecoin, a network known for its speed, efficiency, and consistency.
– Block time 4x faster than Bitcoin
– 12+ years of uninterrupted uptime
– Proven security and open source transparencyWe believe that Litecoin is one of the most proven… pic.twitter.com/UMATDwlhaY
— Canary Capital (@CanaryFunds) November 7, 2025
Such support signals a growing recognition of Litecoin’s enduring role as a trusted digital payments network, often referred to as “digital silver” in contrast to Bitcoin’s “digital gold.”
Analysts predict a major breakout in the future
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 uptrend structure. The analyst said such long periods of consolidation often precede explosive breakouts.
“This could be the year that Litecoin finally breaks its resistance,” they said, suggesting that decisive action could send LTC soaring.
$LTC We’ve been testing the same tolerance for nearly 4 years now, with no clear breakout, but holding strong in a long-term uptrend
This type of long-term price movement usually ends with a big move, but I think this could be the year that Litecoin breaks through that resistance. pic.twitter.com/hwpOx6yPqL
— Elite Crypto (@TheEliteCrypto) November 7, 2025
If this scenario plays out, a clean break above the multi-year barrier could reignite Litecoin’s broader rally and push the coin back towards its previous highs.
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