Litecoin jumps 13% as network activity surges, eyes $75

Litecoin's price rose 13% in 24 hours to trade above $70 on September 24, breaking through a resistance level that had previously limited recovery attempts, driven by a surge in network activity and trading volume. The price climbed from a low of $59.11 to approximately $70.84, with LTC up 34.7% over seven days and 38.6% over the past month, though its one-year return remained negative at 33.1%. Over 17 million LTC (roughly $1 billion) moved across the network in one day, with spot volume reaching about $948 million and futures open interest exceeding $500 million. The move occurred while Bitcoin and much of the crypto market faced pressure. Analysts note key levels: holding above $65 keeps the breakout intact, while a daily close below the $63.23 Donchian boundary would weaken it. Liquidity clusters around $72 and $74–$74.50 could trigger further short liquidations, potentially pushing LTC toward $75.