Litecoin shows strong potential for a $150 breakout, backed by increased open interest and bullish trader sentiment.
Enhanced on-chain activity and growing futures data indicate rising institutional and whale interest in Litecoin.
Litecoin (LTC) continues to show signs of revival as the crypto market try to turns green. In an X post, well-known crypto analyst World of Charts has published his analysis indicating that the altcoin has breakout from its range on short time frame. He stated:
“Seems like Litecoin finally getting ready for 150$ one more time.”
Source: World of Charts on X
Derivatives Market Shows Increased Activity for Litecoin Futures
Data from CoinGlass indicates from a derivatives market standpoint that Open Interest (OI) for LTC futures has increased significantly starting in August 2024. Since November 2024, this spike has grown more noticeable and LTC OI rises by 1.64% over the last 24 hours, coming to $574.66 million.
Source: CoinGlass
On the Binance exchange, t
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