Litecoin Is Rushing to $160
Litecoin (LTC) is up 6.6% this week to $132, outperforming the broader crypto market where Bitcoin (BTC) has gained just 0.7% to $119,693. The rally is fuelled by a 12% monthly surge in active addresses on the Litecoin network and a growing share of long-term holders, which adds to the coin’s stability. Open interest in LTC futures has also peaked at $1.2 billion, providing additional support. Prices broke above the $120 resistance in early August and are now approaching the key $140 level. A breakout here could pave the way for a move toward $160, although strong pullbacks are likely at that point.
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