Litecoin jumps 13% as network activity surges, with LTC targeting $75

Litecoin's price surged 13% in 24 hours to trade above $70 on September 24, breaking through a key resistance zone amid a sharp rise in network activity and trading volume. The cryptocurrency climbed from a low of $59.11, with spot volume reaching about $948 million—roughly three times the level seen on September 18. Over 17 million LTC, worth about $1 billion, moved across the network within a day, while futures open interest crossed $500 million as short positions were liquidated. Technical indicators show a strong uptrend, with the ADX at 45.83 and price trading above the upper Donchian channel boundary of $63.23. Analysts identify immediate resistance between $72 and $75, while a daily close back below $63.23 would invalidate the breakout.